Online shopping revolution continues on the back of Smartphones, iPads.
Yahoo7 are the laest technology company jumping on the e-retail bandwagon with their latest purchase of Spreets the group discounting website Australian and New Zealand divisions.
Launched just under a year ago in Sydney, the second biggest couponing service in Australia has witnessed phenomenal growth since its humble beginnings, with currently over 0.5 million members.
Spreets.com.au and .nz is to be channelled through the Yahoo7 online network and likely to experience further growth through this platform.
Its competitors include Jump On It, Cudo in a sector that has witnessed phenomenal growth and seen a host of new entries.
According to Nielsen data, Cudo, which is owned by Microsoft and the Nine Network, is the number one group discounting website by numbers, broadcast on Channel Nine daily.
The latest entrant is Jigocity, which also has offices in China and Hong Kong.
“Australians and Kiwis love an amazing deal and Spreets has seen significant growth delivering over $40 million in savings to consumers over the past year,” said Spreets CEO and founder, Dean McEvoy.
The news comes as auctioning site E-Bay just announced new sales revenue of $26.94 billion, which it attributes to the effectiveness of its payment service PayPal.
Interestingly, over half its revenue came from outside the United States and reported its fourth quarter as one of its strongest yet.
“We delivered a strong fourth quarter and a solid year,” said eBay chief executive John Donohoe.
Donohoe contributes these phenomenal figures to the mobile and tablet revolution which is changing the way consumers shop, both where and when, with mobile shopping on the rise.
“Mobile is increasing the number of internet-enabled transactions, and in the process it is rapidly blurring the line between online and offline.”
“We are treating mobile as another device in an increasingly seamless shopping experience,” Donohoe said.
Harvey Norman take note.