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Quick commerce, gifting companies blossom on rose day, Retail News, ET Retail

A Swiggy Instamart spokesperson told ETRetail that the company stocked up more than 1.5 million roses and witnessed up to 25 per cent more orders in the early hours of Rose Day. ....

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Diwali season: Gifting companies feel freeze of IT slowdown

IT/ITeS companies - which, with their huge workforces, are among the biggest spenders on Diwali gifts - have slashed their gift budgets by up to 50% and some have done away with gifting altogether, gifting companies such as PrintStop, IGP, Loopify and Swageazy told ET. "There s a blanket reduction in gift budgets. IT typically accounts for about 50% of our clients; there s been a 50% drop in their spends," said Pratik Shah, cofounder of customised gifting company PrintStop. ....

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