The first fiscal quarter was a slow one for major electronics retailers. Eden Prairie, MN–based Best Buy
reported a 3.1% drop in comparable-store sales, attributing the slowdown to diminished demand for personal computers. That figure is for stores open a year or longer; Best Buy's total sales for the quarter rose 25% to $3.69 billion from $2.96 billion, thanks to 11 new stores and the addition of the Musicland Group of music stores, which Best Buy acquired earlier this year. Although demand for hardware such as digital cameras, DVD players, and high-definition television sets was "brisk," the market for music CDs lagged more than 6% from last year, company officials explained.