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- Best Buy's CEO said we're in "the low point in tech demand after two years of sales declines."
- Shoppers are spending more on experiences and preparing for the return of student-loan repayments.
- Macy's last week shared similar sentiments on its shoppers.
Best Buy says this year will be the "low point" in tech sales before demand bounces back.
"We continue to expect that this year will be the low point in tech demand after two years of sales declines," Best Buy CEO Corie Barry said Tuesday on a call with analysts after the company reported its second-quarter earnings.