Black Friday and Cyber Monday put retailers on top

Sarah Maddox
Reporter

Every year, the Friday after Thanksgiving is when retailers open up stores with special sales and promotions for holiday shopping. The term “Black Friday” has been used because retail stores usually have enough sales this Friday to place them “in the black”, or having more profits than losses.
The superstore Target had doorbuster deals for as low as $5 and $10, starting at 9 p.m. Thanksgiving night. At 5 a.m. on Friday morning, Wal-Mart opened their doors with great deals on everything from electronics to jewelry. Deals like these attract people looking to save some money on holiday gifts. In fact, a record 59.1 billion was spent shopping this Thanksgiving weekend according to learnvest.com.

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According to Bloomberg Businessweek’s study, America’s Richest Zip Codes 2011, New Canaan tops any other Connecticut town in terms of average household income. Ranked nineteenth nationally, 06840 boasts an average income of $277,250 and is closely followed by Darien in thirty-sixth place. But how much of that money is going straight into the pockets of high school students?