Higher pricing pushes Trade Me back into the black

Higher pricing pushes Trade Me back into the black
Trade Me sales director Gavin Lloyd; reviewing pricing from time to time. (Image: Trade Me)
Brent Melville
Online auction site Trade Me boosted net profits after tax to $4.7 million for the year to June, turning around a loss of $2.3m for the prior year on the back of soaring classified revenues.Those revenues, reported by Trade Me owner Titan Parent New Zealand, follow rate card increases of as much as 15% and saw revenues climb $9.8m to $358.4m. The ultimate owner of Trade Me is Guernsey-based private equity firm Apax GP,  which paid $2.56 billion for the then-publicly listed company in May 2019.Classified revenues came in as t...

More Retail

Restaurant Brands ‘does not seem to care’: Shareholder
Retail

Restaurant Brands ‘does not seem to care’: Shareholder

At the fiery annual meeting, a shareholder called the Californian market a ‘sinkhole’.

Retail activity looking perkier
Retail

Retail activity looking perkier

Retail activity rose in the March quarter, according to Stats NZ’s latest Retail Trade Survey. The total volume of seasonally adjusted retail sales was $25 billion for the March 2025 quarter compared with the December 2024 quarter, up 0.8%, while the total value of seasonally adj...

My Food Bag shares up 8% as sales growth returns
Retail

My Food Bag shares up 8% as sales growth returns

CEO Mark Winter says demand is picking up.

Gregor Thompson 22 May 2025
Smith & Caughey’s to close
Retail

Smith & Caughey’s to close

Auckland’s flagship department store Smith & Caughey’s will close for good within 10 weeks, with the loss of almost 100 jobs.A rescue attempt to save the famous retailer – which saw it close its Newmarket store last year and reduce the floor space of its ‘Grande Dame’ Queen St bu...

NZME 21 May 2025