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Amazon says consumer spending remains strong, bucking broader retail gloom

Amazon says consumer spending remains strong, bucking broader retail gloom

An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021.

Brendan McDermid | Reuters

Earlier this week, Walmart and Best Buy both lowered their profit outlook for the second quarter and full year, setting off alarm bells across the retail sector that soaring inflation was impacting consumer spending.

Shares of other retailers including Amazon, Target and Macy’s all…


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