Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 


Yahoo!Xtra & Hubsta announce new shopping channel

Media Release

Yahoo!Xtra and Hubsta announce new shopping channel

AUCKLAND, 10 August 2009

Yahoo!Xtra and Hubsta today announced a partnership to create a new shopping channel which will be integrated into the Yahoo!Xtra portal.

Shopping remains a key use of the internet. In the UK a recent survey* found that 36% of respondents planned to spend more online than in the high street and that online shopping would grow 14% in 2009 despite current economic conditions in the UK. In New Zealand, Nielsen Online Retail Monitor reported online shoppers increased to 45% of the all 18+ NZ population in Q4 2008**.

Yahoo!Xtra CEO, Kevin Bowler, says this research suggests that now is a perfect time to introduce a quality online shopping experience to the Yahoo!Xtra audience.

"New Zealanders are ready and waiting to embrace online shopping more fully, but right now no-one in New Zealand is providing a satisfying online shopping experience. We intend to change that. We've partnered with Hubsta because it offers an unparalleled number of brands and products, including numerous brands not available online before – and great price advantages for consumers."

Chintaka Ranatunga, Hubsta's COO, says Hubsta focuses on bringing together three key elements of online shopping: price, selection and convenience.

"We're committed to providing New Zealanders with an online shopping experience of international standard, and partnering with Yahoo!Xtra will enable us to do just that. Yahoo!Xtra is New Zealand’s biggest portal with over 2.5M unique New Zealand users per month***, and has been growing its local audience by more than 20% year-on-year. So we can instantly offer our shopping experience to an extremely wide New Zealand audience."

Hubsta is an operating subsidiary of The Deal. Ranatunga says Hubsta's team has built a powerful back-end system, and put in place agreements with manufacturers and distributors that will enable Hubsta to provide New Zealand consumers with a catalogue of thousands of well-known brands and products.

"We realised from the outset that ensuring a wide product selection and highly competitive pricing was the key to providing a satisfying shopping experience, so we concentrated on getting that done before anything else," he says. "Experience and relationships gained through running The Deal have helped a lot with this."

Site construction is currently underway with a view to having the shopping channel launched in plenty of time for customers to use the site for their 2009 Christmas shopping.

"We'll be launching with a fanfare, and there'll be some fantastic bargains to be had," says Bowler, "so stay tuned for the opening announcements, and this year you can look forward to doing your Xmas shopping from home without battling the crowds."

*Newmediaage; Online shopping habits in recession revealed (July 2009)

**Marketing Association Website: Mar 2009 - Online Shopping Hits Record Levels: Nielsen Online.

*** Nielsen MI, June 20

About Hubsta

Hubsta, an operating subsidiary of The Deal, is an online product distribution business representing a wide range of leading NZ and global brands and making their products available for online purchase. First and foremost, Hubsta is a consumer advocate, firmly committed to providing online consumers with three critical values: price, selection and convenience.

About Yahoo!Xtra

Yahoo!Xtra is a joint venture between Telecom New Zealand and Yahoo!7 and connects New Zealanders to their passions, communities and the world's knowledge online. New Zealanders are able to benefit from an enhanced range of online services in a localised way including news, sport, entertainment and global best inbreed content, social networking and interactive tools.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Sci-Tech
Search Scoop  
 
 
Powered by Vodafone
NZ independent news