Three retailers out with December sales data late Wednesday did nothing to improve Wall Street's dismal views of the holiday period.Men's Wearhouse ( MW), American Eagle Outfitters ( AEO) and Hot Topic ( HOTT) each cut their profit targets for the fourth quarter after seeing slow traffic in December. Men's Wearhouse slashed its fourth-quarter earnings forecast to 16 cents to 18 cents a share, well below prior guidance of 43 cents to 48 cents. The earlier projection was considered weak to begin with; it fell well short of analysts' target of 53 cents when given in November. Analysts, on average, most recently expected a profit of 46 cents a share for the quarter. Men's Wearhouse said had substantially lower traffic levels at all of its retail stores in December. That resulted in lower-than-planned same-store sales, or sales at stores open at least a year, though the company didn't provide the exact figure. The men's clothier said it expects traffic trends will continue to be weak in January. Shares were plunging 13.5% to $22.01 after hours. At American Eagle, December same-store sales fell 2%, in line with analysts' expectation, according to Thomson Financial. The teen-apparel seller said it had a "difficult" traffic environment, particularly in the weeks prior to Christmas, though it saw broad-based strength in its men's business. American Eagle now projects earnings of 64 cents to 65 cents a share for the fourth quarter, down from its earlier view of 67 cents to 70 cents. Analysts, on average, were looking for a 68-cent profit.