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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