Best Buy suffers tenth straight quarter of sales drop on weak spending

RICHFIELD, Minnesota: Best Buy (BBY.N) is set to post its tenth consecutive quarter of sales decline on May 30 as spending on big-ticket electronics remains weak despite easing inflation.

While big-box retailers like Walmart (WMT.N) and Target (TGT.N) have seen consumers resume spending on less-expensive discretionary items such as apparel and accessories, demand for larger electronics such as TVs and washing ma