
Catch, Australian online retailer owned by Wesfarmers, to shut down; 190 jobs to be axed
Catch expects an operational deficit reaching $40million in the initial half of 2024-25. Australian e-commerce platform Catch is looking to shut down, resulting in approximately 200 job losses due to heightened rivalry from Amazon and Temu.Wesfarmers, which acquired the online retailer for $230million in 2019, issued a closure announcement on Tuesday.According to a Daily Mail…