US buyers spend less holiday season, Amazon will benefit

Amazon signage is displayed outside an Amazon.com Inc. delivery center late evening on Amazon Prime Day, July 12, 2022, in Culver City, California.

Patrick T Fallon | AFP | Getty Images

Amid heightened economic uncertainty this holiday season, nearly three-quarters of U.S. shoppers plan to spend less or the same as last year, according to a new Goldman Sachs consumer survey. And club business Amazon (AMZN), a leading holiday sales and promotions retailer, should be a top destination for American bargain hunters.

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