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“Great Australian Success Story” – Global Marketplace’s Big Leap Forward
Global Marketplace, the parent company of the online shopping event Click Frenzy, newly-established marketplace Click Central and leading insights and data benchmarking platform, Power Retail, is gearing up for its next big step.
It’s been a big year for Global Marketplace (GMP). As e-commerce continues to expand in popularity, the GMP team is experiencing massive growth. Now, the company is taking the next steps towards growth and profitability.
The company welcomes both Naomi Simson, the Founder of RedBalloon and investor on Shark Tank Australia, and Justin Hind, digital business entrepreneur and CEO, as Non-Executive Directors. They join Executive Director, Grant Arnott Founder of Global Marketplace and Non-Executive Director Anna Shave, Principal of Tannara Capital.
“It is a real coup for GMP to have individuals of the calibre of Naomi and Justin joining our Board. Both are brilliant entrepreneurs with outstanding records of success in the digital marketing and e-commerce spaces,” said Arnott.
Additionally, Arnott will be stepping down from CEO to Director of Innovation. Taking the role of CEO is Nathan Brown, who joined the company in 2019 as CFO; Kelly Moon will replace the CFO role.
“I am humbled and excited for the opportunity to lead Global Marketplace through an exciting and supercharged growth phase,” Brown said. “We have in place world-class technology, great relationships with our clients and amazing brands, however, it is the exceptional team Grant and Anna and the leaders of the company have assembled that will drive our future success. Internally we talk about how our people is what will drive the success of Global Marketplace. We are grateful for all of the efforts of our team in building the business to where it is today and beyond.
GMP, which houses Click Frenzy, Click Central and Power Retail, has a unique and growing place in the Australian e-commerce industry. Click Frenzy, the online sales event established in 2012, is one of the leading e-commerce brands in the country. With a database of over 1.7 million members, it’s growing at a consistent rate of 40 percent pa.
Similarly, Power Retail remains one of the most significant and leading platforms for e-commerce insights and benchmarking data. Additionally, it hosts the dominant e-commerce industry event, the Power Retail All Star Bash.
Last month GMP launched its first online marketplace, Click Central – run by Mark Gray, a prominent figure in establishing the online marketplaces for Catch and The Market in New Zealand.
Naomi Simson shared her excitement about joining the GMP team. “I’m delighted to be joining the Board of this great Australian success story,” she explained. “My 20 years in online marketing and growing a two-sided marketplace can add significant value and insight to GMP.”
Australian e-commerce figures have exploded in the last 18 months, with online sales skyrocketing YoY. Last year it grew from $32 billion to $50 billion – this is a leap of 56 percent, with e-commerce now representing 16 percent of total retail sales.
GMP’s Power Retail is well on its way to becoming a market leader for the Australian e-commerce industry, with its trusted and reliable benchmarking data and insights. The Switched On platform is a ‘must-use’ trusted independent analytics database, with predictive AI capabilities about emerging trends and opportunities for businesses.
What’s next for GMP? The company is currently considering some acquisition options for ‘step-out’ growth and will evaluate a range of financing options for them.