Consolidation in the online shopping sector

It has been a busy year for acquisitions and mergers in the online retail space with some big names taking some defensive positions in the online retail market. The first move was made by Gerry Harvey who made a surprise purchase of Seconds World from administration.

Following this acquisition, Wesfarmers made a huge announcement of its own advising the share market that they purchased The Catch Group owners of Catch of The Day, now known as just “Catch”. Catch of the day is a marketplace where sellers can offload their inventory into an online store which attracts thousands of visitors a day. This acquisition will see Gerry Harvey’s 2nds World go directly up against Catch Of The Day in online retail.

The Catch Group was purchase by Wesfarmers for a massive $230 million. They have strong faith in the business including its high achieving management team and excellent online platform. The investment in this business is expected to improve the online capabilities of Wesfamers and Kmart.
Catch of the Day has been a hugely successful online platform and since launching in 2006, has grown exponentially. In 2018 the business’s revenue rose by over 40 percent to $262 million.
For a great deal for your purchase at Catch, use a Catch of the day coupon for your purchase.