Best Buy Co. has adjusted its full-year sales forecast downward due to weak demand for electronics and appliances.

The retailer now expects comparable sales to decline between 2.5% and 3.5%, which is a change from its previous estimate of a decline ranging from 1.5% to 3%.

This revision reflects the challenges faced by companies in the retail sector, especially those reliant on consumer electronics, as they navigate changing market conditions and consumer preferences.

The updated guidance suggests potential difficulties ahead for Best Buy as it works to stabilize its business in a competitive landscape.