Amazon CEO Jassy Says US Shoppers Are Still Bargain-Hunting
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Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey.
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
Amazon.com Inc. Chief Executive Officer Andy Jassy said buying behavior was still muted as shoppers looked for deals during the Thanksgiving weekend.
“Consumers are spending, but they’re being careful about trying to stretch their dollar,” Jassy said Wednesday at the New York Times DealBook conference. The company is still assessing how buyers are reacting to the current environment, he said.