Who doesn’t love online auction site TradeMe? Whether you’re buying, selling, arguing in the comments section or just wasting time waiting for the bus, TradeMe is about as close as it gets to a Kiwi online institution. But there’s more to TradeMe than discount mopeds and second-hand baby clothes. Dig a little deeper and you’ll find a very accurate thermometer for the preclusions, interests and obsessions driving the Kiwi mood at any given moment.
If there was any thoughts about drones being just a fad, data from Trade Me proves otherwise. The remote controlled flying objects are still in hot demand by consumers, with listings on its site for drones increasing 118 percent in January.
Some shoppers have goods stuck in limbo after purchasing items from Dick Smith’s Trade Me portal, and the Kiwi company is looking into what it can do. Dick Smith appointed receivers on January 4 after directors placed the Australian group into voluntary administration.
Trade Me has announced today it is changing its pricing structure from February 1, making it cheaper to list low-cost items and more expensive for high-cost items. The online buy-and-sell site says the changes will improve the experience for users.
Retail Property Listings brought to you by Bayleys
Around 17 years after it all began, Trade Me is on track to reach its one billionth listing in early December. To celebrate, it's looking back at some of the seriously odd auctions that have taken place in almost a decade of business.
Several retailers including Warehouse Stationery, Flight Centre and Trade Me, have made the finalists in the annual IBM Kenexa Best Workplaces Survey and Awards for 2015. The results were announced on Friday – more than 30,000 employees from 193 New Zealand organisations took part. Forty one workplaces made the finals.
Unless you’ve been living under one of the Pancake Rocks in the South Island, you would’ve noticed everyone’s in a flap about changing the flag. However, with all this flag chat, how is the spotlight-deprived current flag tracking in terms of sales?
Alen Levis is the creator of Haystack Jobs, an app which allows employers to hire staff using mobile devices. Retailers experience high staffing turnover compared to other employers, with an average rate of 29.8 percent. As part of a content partnership, Levis looks into what makes Trade Me such an effective employer.
Trade Me has continued to show it has a huge presence in the online market, with revenue up 11 percent from the year previous to $199.7 million. It also is buying up services around it and expanding outwards, ensuring it has total market domination.
Karangahape Rd seems to be cleaning up its act. JLL director of research and capital markets Justin Kean tipped Auckland’s red light district as the next Queen St in July, and now The Pleasure Chest’s famous vintage signage is coming down.
Trade Me is New Zealand’s fifth favourite website, behind only Youtube, Facebook and various incarnations of Google. It was also the number one most influential retail player in Ipsos’ latest poll. So, if privately buying and selling secondhand items is so popular right now, then where does Cash Converters fit in?