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

Want an easier way to travel with a suit?
Retail

Want an easier way to travel with a suit?

Known as ‘convertibles,’ they combine a garment bag with a duffel to carry a suit.

NZ’s second giant Costco Wholesale to be built at Drury
Retail

NZ’s second giant Costco Wholesale to be built at Drury

New Zealand’s second giant Costco Wholesale shop will be built in South Auckland’s Drury, it has been confirmed.Kiwi Property chief executive Clive Mackenzie and Costco country manager Chris Tingman made a joint statement about a conditional land deal.“Kiwi Property has reached a...

Staff reporters 12 Nov 2025
Bapcor flags possible NZ asset writedown
Retail

Bapcor flags possible NZ asset writedown

The auto parts group is reviewing New Zealand operations after profit slump.

Graham Skellern 06 Nov 2025
SkyCity gets keys to NZICC from Fletcher
Retail

SkyCity gets keys to NZICC from Fletcher

After one of the largest commercial building fires and multiple delays, SkyCity has NZICC.

Dileepa Fonseka 04 Nov 2025