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Trade Me shares hit six-month low

  • News
  • August 10, 2017
Trade Me shares hit six-month low

Trade Me shares have dropped near a six-month low after the online trading site fell out of favour with analysts.

Two research houses downgraded their rating for the online retail platform's stock, which has been attributed to its loss.

Trade Me shares have slumped about 12 percent since July 25, a day after reports emerged Amazon had settled on Melbourne as its base for an Australian launch later this year. The drop could be coincidental to Amazons announcement.

The drop in shares come before Trade Me’s scheduled release of annual earnings on August 24.

The shares fell as low as $4.85 and were recently down 6.1 percent to $4.90 after Deutsche Bank downgraded the stock to a 'sell' rating with a price target of $4.30 and Macquarie Research lowered its recommendation to 'underperform' with a $5 price target.

In May this year, Trade Me purchased Afterpay, an Australian “buy now, pay later” online payments provider. 

Trade Me’s head of marketplace, Stuart McLean, said Trade Me was pleased to offer an easy and flexible payment option to both its buyers and sellers. 

McLean also said adding more payment options on Trade Me would “help sellers, and increase the purchasing power for buyers.”

Forsyth Barr's James Bascand, who rates Trade Me an 'underperform', predicts a 9 percent increase in normalised profit to $92.2 million on an 8.1 percent gain in revenue to $235.7 million.

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An online French pharmacy launches in New Zealand

  • News
  • December 7, 2017
  • Sarah Dunn
An online French pharmacy launches in New Zealand

Every skincare devotee has a particular trend they favour over all others. Current favourites include multi-step Korean regimes; the all-natural approach popularised in New Zealand by brands like Trilogy and Antipodes; and the French pharmacy trend, where inexpensive but highly-prized products offered at French pharmacies are sought out by overseas shoppers. Tracking down these items online from New Zealand has been challenging until now, when an ecommerce venture called Ines has rounded up the best of them.

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Barkers support Movember: It’s more than just a Mo

  • News
  • December 7, 2017
  • Findlay Buchanan
Barkers support Movember: It’s more than just a Mo

Movember is over and the bristly moustaches seen on upper lips nationwide have long disappeared down the sink. However, Barkers has now harnessed its Christmas shopping rush for good as it teams up with the Movember Foundation for a second crack at fundraising for men’s health.

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Chemist Warehouse confirms aggressive growth plan for New Zealand

  • News
  • December 7, 2017
  • Sarah Dunn
Chemist Warehouse confirms aggressive growth plan for New Zealand

Australia’s largest pharmacy chain entered New Zealand in November when it soft-launched its first outlet at a former PK Furniture site in Auckland’s St Lukes. The discount-driven retailer offers a very different experience to that of its New Zealand competitors. What are its plans for New Zealand? We found out.

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Editor's view: The vital importance of glitter

  • Opinion
  • December 7, 2017
  • Sarah Dunn
Editor's view: The vital importance of glitter

Glittery celebrations like New Zealand Fashion Week aren't just fluff and fun argues NZ Retail and The Register editor Sarah Dunn. They're a vital opportunity to capture shoppers' sustained attention and articulate your brand.

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