By  on January 9, 2014

Unresponsive consumers combined with an uncooperative calendar to leave retailers with December sales that fell below estimates and further pressured their fourth-quarter profits.

Thomson Reuters put the median increase for firm’s reporting December results Thursday at 2.4 percent, excluding drug stores, slightly better than the 1.9 percent median increase expected. Yet, every apparel retailer on the list missed the consensus estimate of analysts. The “misses” by the two teen retailers on the list, Zumiez Inc., down 2.4 percent versus a projected 1.6 percent gain, and The Buckle Inc., down 2.8 percent versus a projected 0.9 percent gain, were among the largest.

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