By  on January 9, 2020

After record-breaking fourth-quarter online sales, consumers may be suffering from a “shopping hangover” and could pull back on spending in the current quarter, according to retail industry consultants and solution providers, who also see media headlines touting the possibility of a full-blown war with Iran and a looming recession as impacting the psyche of shoppers.

Analysts and consultants also see changing spending habits impacting retail sales again this year. For example, a shift in spending from product categories such as apparel and luxury goods to emerging new technologies is expected to accelerate, they said.

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