Best Buy is set to post its tenth consecutive quarter of sales decline on Thursday when the U.S. electronics retailer reports quarterly results, as spending on big-ticket electronics remains pressured despite easing inflation.
“I don’t think there’s any change in demand trends for electronics. I don’t expect this to be a very big quarter for (Best Buy),” Telsey Advisory Group analyst Joseph Feldman said. He said a recovery in demand at Best Buy is not expected until the second half of this year.
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