Free Subscription

  • Access 15 free news articles each month


Try one month for $4
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events

How Aussie online retailer Catch lost its way under Wesfarmers

Woman standing in a warehouse, with a package with Catch branding in the foreground
On an investor call last Wednesday, Wesfarmers CEO Rob Scott was forced to explain the $108 million loss, including $33 million in restructuring costs, that the retail conglomerate booked at its off-price online retailer, Catch, in the first half of FY23.  Following the online retailer’s $58 million loss in FY22, and $24 million loss in FY21, the result was described as “frankly unacceptable” by Bank of America’s David Errington, and prompted blunt questions about the future of the