U.S. buyers are spending less this holiday season, but Amazon still stands to gain, says Goldman Sachs


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

Patrick T Fallon | AFP | Getty Images

Nearly three-quarters of US shoppers plan to spend less or the same as last year this holiday season amid mounting economic uncertainty, according to a new consumer survey from Goldman Sachs. And club holding Amazon (AMZN), a leading retailer for holiday sales and promotions, should be a top destination for US bargain hunters.

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