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FILE - In this Nov. 25, 2016, file photo, Maddy, left, and her friend Maggie, sit with their shopping bags at Union Square in San Francisco. The holiday shopping season is losing some of its power in the year's sales. November and December now account for less than 21 percent of annual retail sales at physical stores, down from a peak of over 25 percent. The shift is in part because people are spreading out their shopping all year, demanding big discounts and spending more on events rather than more stuff. (AP Photo/Jeff Chiu, File)

FILE - In this Nov. 25, 2016, file photo, Maddy, left, and her friend Maggie, sit with their shopping bags at Union Square in San Francisco. The holiday shopping season is losing some of its power in the year's sales. November and December now account for less than 21 percent of annual retail sales at physical stores, down from a peak of over 25 percent. The shift is in part because people are spreading out their shopping all year, demanding big discounts and spending more on events rather than more stuff. (AP Photo/Jeff Chiu, File)

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