Online festive sales start slow as smartphone demand dips; quick commerce extends shopping window

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 12 Oct, 00:30 UTC

Industry executives and analysts attributed the 7-10% year-on-year (YoY) decline to a slowdown in mobile phone purchases following price hikes, the absence of the GST cut-led demand boost seen last year, and a growing share of seasonal spending shifting to quick commerce.

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Sources

• T1Online festive sales start slow as smartphone demand dips; quick commerce extends shopping windowEconomic Times — Tech / Technology / Startups / ETTelecom12 Oct, 00:30