Latest Holiday spending News

FILE- In this Nov. 23, 2018, file photo shoppers browse the aisles during a Black Friday sale at a Target store in Newport, Ky. Comparable stores sales at Target fell well below the previous year, joining a growing list of retailers reporting a meager performances during the critical holiday shopping season. Target said Wednesday, Jan. 15, 2020, that it had weaker-than-expected sales of electronics, toys and some home good. Those sales climbed 1.4% in the November-December period, compared with a 5.7% increase a year earlier.  (AP Photo/John Minchillo, File)

Target, like other retailers, did not have a Merry Christmas

Jan. 15, 2020 1:06 PM EST

Target reported a rare shortfall in holiday sales, raising concerns about the challenges ahead for the traditional retail industry even as the economy remains strong. Target's disappointing growth of 1.4% percent for November and December, dragged down by toys and electronics, fell well below the previous year....

FILE - In this Feb. 8, 2019, file photo, the logo for Citigroup appears above a trading post on the floor of the New York Stock Exchange.  Citigroup’s fourth-quarter profits rose by 15% from a year earlier, as the bank benefited from a boost in trading similar to its competitor JPMorgan Chase. Citi said Tuesday, Jan. 14, 2020,  that bond trading revenues were up 49% from a year earlier, when a steep downfall in the last quarter of 2018 took its toll on all banks’ trading desks.  (AP Photo/Richard Drew, File)

Citigroup profits rise 15%, helped by trading like JPMorgan

Jan. 14, 2020 9:08 AM EST

NEW YORK (AP) — Citigroup's fourth-quarter profits rose by 15%, as the banking conglomerate benefited from a boost in trading similar to competitor JPMorgan Chase. The New York-based bank said Tuesday that it earned a profit of $4.98 billion, or $2.15 per share, compared with a profit of $4.3 billion, or...

Atlanta Hawks' Young cancels $1M in medical debt for locals

Jan. 8, 2020 8:48 PM EST

ATLANTA (AP) — The holiday season is over but Atlanta Hawks point guard Trae Young still had some charity gift giving in mind: wiping out medical debt for hundreds of the city's residents. The 21-year-old star donated $10,000 to a medical debt erasure agency which relieved over $1 million in debt for those...

FILE - In this Tuesday, Nov. 5, 2019 file photo shoppers browse the Holiday Lane section at the Macy's flagship store, in New York. Macy's is closing nearly 30 stores in coming weeks, though the company reported some improvement in comparable-stores sales during the crucial holiday shopping season.  Macy's sales at stores opened at least a year fell 0.6% during the November and December period, which was not as bad as most industry analysts had anticipated. Shares rose more than 2% in early trading Wednesday, Jan. 8, 2020.   (AP Photo/Richard Drew, File)

Macy's closing stores despite upbeat holiday sales numbers

Jan. 8, 2020 2:51 PM EST

NEW YORK (AP) — Macy's is closing 29 stores in coming weeks despite the company reporting some improvement in comparable-stores sales during the crucial holiday shopping season. In an email to The Associated Press, the Cincinnati-based retailer said the store closures include 28 Macy’s locations...

Company fires worker who criticized holiday gift via Twitter

Jan. 7, 2020 12:57 PM EST

WINONA, Minn. (AP) — A man who complained on social media about his company's holiday gift — barbecue sauce and a grill scraper — wound up getting fired for it. The man, a Canadian branch manager for Minnesota company Fastenal, was dismissed just before New Year's Day after he posted a tweet...

FILE - In this Nov. 29, 2019 file photo, shoppers carry bags as they cross a street in San Francisco. More people turned to online shopping during one of the shortest holiday shopping seasons in years, helping boost total sales. Retail sales in the U.S. rose 3.4% between Nov. 1 and Dec. 24 from a year ago, according to early data from Mastercard SpendingPulse. That's down from last year, when total sales grew 5.1%. Online sales rose at a faster pace, up 18.8% from last year.  (AP Photo/Jeff Chiu)

Online sales make up a larger portion of overall sales again

Dec. 26, 2019 1:55 PM EST

NEW YORK (AP) — More people did their shopping online this year during one of the shortest holiday shopping seasons in years, helping to push total sales higher. Retail sales in the U.S. rose 3.4% between Nov. 1 and Dec. 24 compared with last year, according to early data from Mastercard SpendingPulse....

FILE - In this Nov. 26, 2019, file photo Nick Bierman looks at televisions while shopping ahead of Black Friday at a Best Buy in Henderson, Nev. Holiday shopping doesn't end with Christmas. Bargain hunters can take advantage of fatter discounts on clothing, home decor and other items between Christmas and well into January. (AP Photo/John Locher, File)

On the Money: Tips to make the best of post-holiday shopping

Dec. 24, 2019 11:07 AM EST

NEW YORK (AP) — Holiday shopping doesn’t end with Christmas. Shoppers can take advantage of fatter discounts on clothing, home decor and other items between Christmas and well into January. In fact, a National Retail Federation survey of nearly 8,000 adults conducted Nov. 27 through Dec. 5 found...

In this Monday, Dec. 23, 2019, photo, a U.S. soldier carries Christmas gifts from a helicopter to deliver to his comrades on a base near the al-Omar oilfield in eastern Syria. It's an operation is called Holiday Express - in addition to delivering presents, the U.S.-led coalition forces brought a U.S. military band to play Christmas carols and music to several bases in eastern Syria. (AP Photo/Farid Abdul-Wahid)

Operation Holiday Express brings gifts to US troops in Syria

Dec. 24, 2019 9:41 AM EST

SHADDADEH, Syria (AP) — Hundreds of American troops based in Syria have received Christmas gifts thanks to Operation Holiday Express, launched by U.S.-led coalition forces from across the border in neighboring Iraq. This year, Santa's sleigh and reindeer were apparently swapped for a workhorse CH-47...