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Amazon To Roll Back Capital Expenditures as Consumer Demand Weakens

Web Services, Brick-and-Mortar Sales Increase as Core Online Retail Revenue Falls
Amazon reported growth for its bricks-and-mortar operations even as online sales lag. (iStock)
Amazon reported growth for its bricks-and-mortar operations even as online sales lag. (iStock)

Despite better-than-expected sales numbers, online retailer and web services provider Amazon is feeling the heat of shifting consumer demand and says it will be slowing its 2022 and 2023 expansion plans.

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