24 Aug 2012

Trade Me looks to Australian retailers

8:00 am on 24 August 2012

Trade Me wants to bring Australian retailers on board, and has bought a cloud-based business to streamline online transactions.

The company made $75.6 million in the year to June, an increase of 10% on its forecast of late last year when it listed on Australasian stock markets.

Mobile transactions account for 8% of its sales which Trade Me believes will continue to grow strongly as consumers change their habits.

Hallensteins, Glassons and the Warehouse all started to sell their products through Trade Me this year and it has a deal with the ecommerce business ChannelAdvisor to help facilitate sales from offshore retailers.

Trade Me chief executive Jon Macdonald says it also acquired Tradevine, a cloud-based tool that allows sellers and retailers to manage sales, inventory and listings.

He says it will bring in Australian retailers in the first instance and may look further afield in future.