2 hours ago

Catch.com.au Shuts Down Amid Competitive Pressure, 190 Jobs Axed

Catch.com.au Shuts Down Amid Competitive Pressure, 190 Jobs Axed
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7 Highlights
  • Catch.com.au to shut down, cutting 190 jobs due to intense competition.
  • Catch faces a projected $40M loss in early 2024-25 amid closure.
  • Wesfarmers bought Catch in 2019 for $230M, moving 100 staff to other firms.
  • Competition from Amazon and Temu partly led to Catch's closure.
  • Kmart will use Catch's facilities to improve delivery logistics.
  • Local retailers face challenges from tax-exempt global competitors.
  • Catch struggled with high local costs; rivals benefited from scalability.
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