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Consumer E-Commerce Spending Could Be Weak in 2023; Time to Sell Amazon Stock?

TheMotleyFool

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Consumer E-Commerce Spending Could Be Weak in 2023; Time to Sell Amazon Stock?: https://g.foolcdn.com/editorial/images/715201/small-business-e-commerce-shopping-cloud.jpg

Online shopping had been a double-digit growth retail category for years, but the pandemic made almost everyone a digital shopper nearly overnight. As the economy has reopened, though, e-commerce has taken a step back as people return to in-person shopping trips.

It seems that sluggish e-commerce spending could persist into 2023, implying that the pandemic pulled forward years' worth of growth for the digital retail space. That sounds like a bad omen for digital commerce leader Amazon (NASDAQ: AMZN).

Is it time to ditch shares of the tech giant?

Source Fool.com

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