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Best Buy, the nation's largest consumer electronics chain, reported a quarterly drop in sales as Americans continued to tighten their purse strings on appliances and gadgets to focus on essentials.

Early Black Friday sales weren't enough to prevent Best Buy from having a less than extraordinary full-year sales forecast.

The retailer said demand for computers driven by the need to replace or upgrade older technology has helped but hasn't outpaced declines in discretionary purchases.

Best Buy, the nation's largest consumer electronics chain, reported another quarterly drop in sales as Americans continued to ...