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CNN CNN This Morning June 4, 2024 11:25:00

Year ago. so why is this happening? people are fewer big ticket purchases, expensive purchases like grills and patio furniture. consumers are taking on smaller home renovation projects. so home depot is projecting the first sales declan, annual sales decline since 2009. do you think this is very different than, say, a bed bath & beyond scenario. but also, a lot of the things from there, you could order online, et cetera. a lot of things from home depot or lowe s you have to go buy the lumber, feel it, huge items, right? totally. home depot has been one of the better performing brick-and-mortar stores. this is not a bed bath & beyond story or the other retail bankruptcies. people still do want to shop in stores. we saw retail sales last month up 0.4% from the month prior. but people are changing how they re spending. we re still shopping online, buying from amazon. ....

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Amazon, Target Set to Win Following Demise of Bed Bath & Beyond

Over two-thirds of Bed Bath & Beyond shoppers surveyed said they'd shift their spend to Amazon, while Target led the lists for specific categories. ....

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CNN Early Start With Christine Romans June 4, 2024 09:39:00

The ways to companies trying to save money right now is they re not paying workers severance and they re not matching their four oh one k contributions from last year. and employees are shocked by this. they feel betrayed by the company. i spoke to one worker in new jersey who s been with the company for 18.5 years , she said. it was like a punch in the gut when she found out that she wasn t receiving severance and felt strung along by the company. and you know the timing of some of this also raises questions, especially in new jersey, right in new jersey , where this employee worked as well, um 1300 employees were laid off just days before a new ooh state law was set to take effect that that made severance mandatory for employees. and so employees feel like the timing of the layoffs was intentional. ironically this law was designed in response to toys r us and sears and other major retail bankruptcies, where those chains ....

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CNN CNN Newsroom June 4, 2024 15:48:00

But that does not stop the celebrations or the hope for yet another miracle. sara sidner, cnn, turkey. well, small glimpse of hope amidst so much suffering. still to come, a rise in retail bankruptcies. what is sparking that wave? we re going to discuss. where two pairs and a free, quality eye exam start at just $79.95. book an exam today at americasbest.com. ....

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FTX-Linked Caroline Ellison's Amphetamine Tweets Have Resurfaced

Read the cryptic tweets about amphetamine use from Ellison, the CEO of Alameda Research and FTX founder Sam Bankman-Fried's reported ex-girlfriend. ....

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