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Black Friday in Britain? Why?

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Just seeing scenes of Oxford Street during today's disturbance there I saw several signs on stores touring Black Friday Sales - why is this Friday Black Friiday in the U.K. In U.S. the meaning comes from the day when big stores allegedly first came into the black during the year and kept in black thru Christmas sales. But this could not have been the case in U.K. Right?

So why Black Friday - and stores touting it?

Do folks line up for hours to get in like in U.S. and are stores open 5-6 am?

Black Friday has always been one of the most popular sales days in U.S. for generations but in Britain?

U.S. does not have Boxing Day sales to my knowledge.

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