Best Buy isn't the best buy anyway when it comes to electronics,

With Best Buy (NYSE:BBY) continuing the struggle to revive its ailing retail business, the company has blamed some of its problems on the lack of cool new electronic items to sell.

Discussing its problems during an earnings call, the company cited an external "lack of innovation" as a reason for the sales declines.

That might sound like blaming musicians for the massive drop in the number of record stores, but analysts agree that the lack of a next big thing has contributed to the chain's struggles.

"It is very believable. There really hasn't been that 'wow' product within the consumer electronics industry within the last six or eight months," Brian Sozzi, CEO of Belus Capital Advisors, told CNN Money.

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