This year, the event will fall on Friday, November 24. On Black Friday, shops' prices plummet for 24 hours in an attempt to get people splashing the cash in the run-up to Christmas.
The day earned its name as it’s often the day shops ‘move into the black’ – meaning they have enough money to cover their costs.
And it works – as customers often queue for hours, even days, to get on the best bargains.their hands
Unfortunately, the shopping mania can sometimes descend into violence, as people argue over discounted gadgets and appliances.
Many shops release details of their sale items before the day, so there are plenty of ways to bag the best deals.
The trick is to be prepared and organised and to always know what you want before the sales start - to avoid unnecessary spending.