CNN Early Start With Christine Romans June 4, 2024 10:51:00
This is the message from across the board. travelers are squeezed. pull back on electronics and clothing and a shift to necessities. this is taking a toll on retailers, they're expecting slower growth this year, in some cases declining sales. >> there's a new chinese retailer called temu. it's gotten popular. some prices are so cheaply it's unbelievable. what it's drawback here? >> that's exactly right, shoppers shifting to temu, it's a u.s. app, launched in the u.s. since september. since it's been launched. it's one of the most downloaded apps in the country. they ran an ad during the super ...