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21 Jan 2025

Wesfarmers To Shut Catch Amid Stiff Competition From Temu, Amazon

Portfolio Manager and Partner, Ray David, discusses with Australian Financial Review, Wesfarmers decision to shut Catch amid growing competition.

Ray highlights the challenges faced by many pure-play online retailers in achieving sustained profitability due to reliance on Google for customer acquisition, intense price competition, and the difficulty of delivering the same level of customer service as in-store staff.

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