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Retailer predicts robust margins for rest of year despite rise in interest rates and people returning to bricks-and-mortar stores
Profits almost tripled at Amazon in the latest quarter as consumers continued to spend heavily despite the sharp rise in interest rates.
The world’s largest retailer forecast that sales would continue to rise at a robust pace for the rest of the year. Growth had been knocked by surging prices and customers returning to bricks-and-mortar stores.
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