Black Friday, the post-Thanksgiving shopping frenzy that attracts throngs of bargain hunters to stores, faces a paradox this year, as record crowds are expected, but consumers' appetite to spend has dropped sharply.

The day, traditionally marked by pre-dawn lines outside retailers and "doorbuster" deals on electronics and appliances, emerged as a cultural phenomenon around the late 1980s, when shoppers began racing to stores with Christmas lists even before the Thanksgiving turkey had been digested.

This year's event on Nov.

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