Redbubble introduces account tier system for its marketplace
E-commerce Online marketplace Redbubble says trading conditions were particularly challenging during the third quarter as demand softens. According to unaudited accounts, the company’s marketplace revenue (MPR) for the quarter fell 8 per cent to $88.4 million while its gross profit after paid acquisition was down 2 per cent to $20.2 million. The company has introduced an ‘account tiers’ system where marketplace artists will be classified under three categories: Standard, Premium and Pro. The tier system separates accounts on certain criteria…