Consumer spending on non-essential items in the United States has been choppy for the last several quarters, and while some areas such as apparel are seeing a revival, pricier discretionary items such as televisions and laptops still face weakness. Shares of Best Buy, which reported a drop in quarterly comparable sales for a tenth straight quarter, were down marginally in volatile premarket trade. The company reported a 6.1% fall in quarterly comparable sales, while analysts on an average expected a fall of 4.94%, as per LSEG data.
The King’s Birthday Parade involves the royal family gathering on the balcony of Buckingham Palace