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

E-commerce deal website GrabOne ceases trading
Retail

E-commerce deal website GrabOne ceases trading

E-commerce deal website GrabOne has ceased trading after its owner went into liquidation on Thursday.Daniel Stoneman and Neale Jackson of Calibre Partners were appointed liquidators of Global Marketplace New Zealand Limited, which operates the GrabOne business in NZ.GrabOne’s web...

Staff reporters 16 Oct 2025
Trade Me payment changes anger professional sellers
Retail

Trade Me payment changes anger professional sellers

The move has sparked anger and complaints.

Andy Macdonald 15 Oct 2025
ANZ alternate capital review proposal unveiled
Finance

ANZ alternate capital review proposal unveiled

The bank argues its proposal would cut borrowing costs by 11 basis points.

Andy Macdonald 13 Oct 2025
Smiths City owes creditors $26.8m
Retail

Smiths City owes creditors $26.8m

The outlook for unsecured creditors of the former retail icon Smiths City appears bleak, as liabilities have mounted to more than $26.8 million.Liquidators for the century-old retailer stated in their initial report that 240 creditors were owed money by the company, as reported b...

Staff reporters 09 Oct 2025