New Gift Card Platform Aims to Boost Local Commerce in St. Louis
1 report, 1 independent
Updated Wed 00:00
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What happened
Local businesses in St. Louis are facing economic strain due to inflation, rising housing costs, and higher gas prices, leading to slower sales and closures in some sectors like restaurants. To support local merchants, a new platform called Gift Better was launched, allowing individuals and corporations to purchase gift cards for St. Louis businesses.
From firstalert4.com
Why it matters
Businesses are struggling with rising operational costs, such as a 30% to 40% increase in the cost of imported goods for some St. Louis merchants. The platform seeks to keep money within the local economy by redirecting corporate spending on gifts to local merchants.
From firstalert4.com
Who's involved
- St. LouisThe city where local businesses are operating and where the Gift Better platform is focused.