Best Buy and Kohl's have reported significant declines in sales, reflecting ongoing challenges in the retail sector. Best Buy announced another quarterly sales drop, attributing the downturn to reduced consumer demand for electronics, influenced by economic factors and the recent election. The company has also lowered its full-year sales forecast. Meanwhile, Kohl's reported an 8.8% decrease in sales, with comparable sales down 9.3%. The retailer's CEO, Tom Kingsbury, is set to depart in January, following a period of disappointing performance. Kohl's has committed to implementing 'aggressive action' to address its sales challenges as it navigates a difficult retail environment. In a related development, HP provided a profit outlook for the current quarter that fell short of estimates, indicating a setback in the personal computer market's recovery from a prolonged slump. Despite exceeding sales expectations, HP's stock fell by 7.9% after the announcement.