U.S. consumers to spend much less this vacation season, however Amazon nonetheless stands to achieve, Goldman Sachs says
Amazon signage is displayed outdoors of an Amazon.com Inc. supply hub within the late night of Amazon Prime Day, July 12, 2022 in Culver Metropolis, California.
Patrick T. Fallon | AFP | Getty Pictures
Amid mounting financial uncertainty this vacation season, practically three-quarters of U.S. consumers plan to spend lower than or the identical as final yr, in keeping with a brand new Goldman Sachs client survey. And Membership holding Amazon (AMZN), a number one retailer for vacation gross sales and promotions, must be a prime vacation spot for American bargain-hunters.
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