Updated from 9:04 a.m. EST
The holiday shopping season shaped up to be a mixed bag for retailers, as several chain stores reported tepid December same-store sales amid heavy markdowns.
With 55 out of 56 retailers reporting their same-store sales results, 46% of them beat Wall Street's estimates, and 54% missed expectations, according to Thomson First Call. It marked the third month in a row that the majority of retailers missed analysts' projections.
"I'd have to categorize this as a bit disappointing," says Ken Perkins, president of the research firm Retail Metrics. "Overall holiday spending is somewhat subdued, and that's a little concerning heading into 2007. Sales got off to a slow start, and the final surge wasn't enough to get them over the hump." ...
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