Starbucks barista serving a customer.
Starbucks' CEO said infrequent customers are becoming more cautious spenders.
  • US consumers are tightening their purchases, Amazon and Starbucks executives said Tuesday.
  • Amazon CFO Brian Olsavsky said their customers were trading down and looking for deals.
  • Starbucks CEO Laxman Narasimhan said the coffee chain's customers were growing more cautious.

US consumers are becoming more prudent with their spending, executives at Amazon and Starbucks said on Tuesday.