Best Buy raises annual sales forecast on steady electronics demand

Aug. 27 (Reuters) - Best Buy raised its full-year sales forecast, banking on resilient demand for technology upgrades and replacements despite cautious consumer spending.

The top U.S. electronics retailer said on Thursday it expects annual revenue of $42.3 billion to $42.8 billion, compared with its earlier forecast of $41.2 billion to $42.1 billion.