Amazon.Com, Inc (NASDAQ: AMZN) initiated its fall sale for Prime members aiming to capitalize early on the anticipated subdued holiday shopping season.
U.S. online sales will likely grow by 4.8% to $222 billion during November and December, a rate higher than the previous year but significantly lower than the pre-pandemic growth.
Consumers face persistent inflation, increasing debt, and diminishing savings, leading to cautious spending.
The two-day sale will likely witness consumers seeking bargains and comparing prices across various platforms.
Retail giants like Walmart Inc (NYSE: WMT) will also probably offer competitive deals, leading to deep discounts.
The inflationary environment and ...