Catch is the boom in the gloom

Wesfarmers, owner of Catch Group, has provided a market update on the performance of the group and there were some surprising results that brought surprised the market. Catch was an interesting purchase for the Wesfarmers with many seeing it as a potentially bad purchase considering the they paid $230 million for it.

However, during the Covid pandemic it seems like the purchase has been a good one for Wesfarmers. With the retail sector going through one of the biggest crisis in history, Catch has been a shining light amongst the groom. This success is driven by the consumer behaviour change caused by the Covid pandemic. With retailer stores shut down as well as people avoiding walking into stores, consumers are turning to online shopping to get their fix. Many people that have not shopped online previously are now learning how to do it and are doing it more regularly than ever before. One of the biggest beneficiaries of this behaviour change is Catch especially since they have a complete range of consumer products from homewares to fashion and to grocery. For a great deal at Catch use a Catch coupon for your purchase.

Wesfarmers updated the market to let them know that Catch Group sales rose by nearly 70 per cent during the second half of the 2020 financial year blitzing expectations. Sales are expected to continue to be strong with the ongoing chaos caused by the pandemic.