US EditionMajor Australian online retailer Catch to shut down after years of losses amid rising e-commerce competition
- Catch will close after losing over $350 million in three and a half years, as announced by owner Wesfarmers.
- The site will stop selling products on April 30, and Wesfarmers will spend $50 million to $60 million on the shutdown.
- Catch's fulfilment warehouses will be transferred to Kmart, which will use them to reduce pressure on busy stores.
- Wesfarmers Managing Director Rob Scott stated that increased competition in the online retail sector affected Catch's financial performance.
24 Articles
24 Articles
Wesfarmers to End its Online Retail Business ‘Catch’
Wesfarmers will shut down online retailer Catch.com.au as a standalone business in the fourth quarter of the 2025 financial year. Acquired in 2019, the company will be dissolved, with its assets transferred to various Wesfarmers divisions, said a statement released by the company on Jan. 21. The decision follows Catch reporting an operating loss of $38 million to $40 million for the first half of 2024–25. Wesfarmers Managing Director Rob Scott s…
Aussie online retailer to be shut down after haemorrhaging millions
Long-running online deals website Catch will soon be shut down after losing more than $350 million in the past three and a half years.Owner Wesfarmers, which also runs Kmart, Target, Bunnings and Officeworks, announced the closure this morning as it looks to cut costs.The site will stop selling products on April 30.READ MORE: Trump wastes no time before signing executive ordersCatch was one of Australia's earliest successful online retailers, …
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