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COMMENTS: BOXING DAY
The traditional storyline on the day after Christmas is the survey of the strength of holiday shopping. All three networks duly complied.
CNBC's Scott Cohn blamed warm weather and a weakening economy for a slower-than-expected end to the season. ABC's Gigi Stone focused on the year's hits: "Extreme Elmo may have fallen off shelves; Nintendo Wiis whizzed away; flat-screen TVs went flying--but overall consumers spent less than retailers expected." And CBS' Bill Whitaker previewed the prospects for continued post-Christmas action: exchanges of returned presents, the cashing-in of gift cards and sales of discounted unsold inventory.
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