Wesfarmers, the company behind Kmart, Target, Bunnings, and Officeworks, have made the decision to close the retailer’s doors after they said that it became less viable as competition in the deals sector heated up.
With online stores like Amazon, Kogan and MyDeal (Woolworths) stealing the hearts of Australian shoppers.
As reported by the ABC, it’s said that the website closing will cost between $50 and $60 million and that Catch distribution centres will be taken over by Kmart.
On their website, Catch.com.au says it ‘has been bringing low prices to everyday Aussies on the brands they know and love since we started shaking up online retail in 2006.’
