Login | Register
Profile | Log out
logo

  • Home
  • News
  • Opinion
  • Other
    • Market Updates
    • Explainers
    • Satire
  • About
  • Contact Us
    • Contact
    • Get Covered
    • Posting Guidelines
  • Subscribe
Submit An Article

Latest Articles

  • Nanoveu Secures $2 Million to Fast-Track Commercial Launch of ECS-DoT Chip and AIoT Platform
    Nanoveu Secures $2 Million to Fast-Track Commercial Launch of ECS-DoT Chip and AIoT Platform
    • News

  • Archer Unlocks Cryogenic Sensor Breakthrough for Quantum Computing
    Archer Unlocks Cryogenic Sensor Breakthrough for Quantum Computing
    • News

  • EGL Secures $1.9M PFAS Plant Contract as Demand for Clean-Up Technologies Surges
    EGL Secures $1.9M PFAS Plant Contract as Demand for Clean-Up Technologies Surges
    • News

  • RocketDNA Secures Major Aerial Tech Contract with Vault Minerals at WA Gold Site
    RocketDNA Secures Major Aerial Tech Contract with Vault Minerals at WA Gold Site
    • News

  • BirdDog Boosts Buy-Back Offer by 40% Ahead of ASX Delisting Vote
    BirdDog Boosts Buy-Back Offer by 40% Ahead of ASX Delisting Vote
    • News

  • AML3D Launches High-Tech U.S. Facility to Power Submarine Supply Chain
    AML3D Launches High-Tech U.S. Facility to Power Submarine Supply Chain
    • News

  • Vection Enters $520K Agritech Deal to Build AI-Powered Farming Robot
    Vection Enters $520K Agritech Deal to Build AI-Powered Farming Robot
    • News

  • Unith Achieves Strong Growth in Platform Usage and Strategic Partnerships
    Unith Achieves Strong Growth in Platform Usage and Strategic Partnerships
    • News

  • FBR and Samsung Heavy Industries Execute Engineering Service Agreement for Shipbuilding Automation Project
    FBR and Samsung Heavy Industries Execute Engineering Service Agreement for Shipbuilding Automation Project
    • News

  • Bioxyne Lifts FY2025 Revenue Forecast as Psychedelics and Pharma Push Gains Pace
    Bioxyne Lifts FY2025 Revenue Forecast as Psychedelics and Pharma Push Gains Pace
    • News

Is Catch playing catch up?

  • In News
  • June 15, 2022
  • Samantha Freidin
Is Catch playing catch up?

The market has been privy to whispers about the potential return of Catch.com.au founders Gabi and Hezi Leibovich to the drivers seat of the business following a worsening track record of declining performance of the site under Wesfarmers’ (ASX: WES) management. 

Since acquiring the flourishing retail giant in 2019, Wesfarmers have seen Catch lose $46 million in FY21, and $44 million in the first half of FY22. The conglomerate maintained that the losses could be attributed to increased investment in Catch’s human resources, technology and marketing. 

And years post acquisition, it seems that Wesfarmers is intent on continuing this ‘investment’, with the appointment of Invigor Group (ASX: IVO) to supply Catch with a Pricing Insight Solution across all categories. 

The B2B data intelligence company will help Catch capture an initial revenue range of $600-$650k over the next three years. Catch will have access to all data gleaned from Invigor’s insight tech. The tech will help Catch offer competitive pricing on products, whilst maximising profits. 

“We are extremely pleased to be the chosen pricing insights provider to Catch,” said Rohan Dhowan, Invigor’s CEO. “Over the last couple of months our data has been pressure tested by the team at Catch and we are delighted to help them deliver the best value to their customers. Reliable, accurate and timely data is a major factor in how brands and retailers are driving decisions and we see this as a growing trend.”

The outsourcing of data intelligence to a $4 million company is interesting, especially given the news earlier this year that Catch was set to join Wesfarmers’ digital division called Wesfarmers OneDigital.

Competitor Woolworths (ASX: WOW) has brought their data analytics in-house, having last year taken a controlling interest in data science company Quantium for $233 million. Quantium’s Woolworth-dedicated business, named Q-Retail was integrated into the Woolworths Group after Quantium had already been providing the supermarket giant with data analytics services which had proven essential for the retailer’s growth. 

The Invigor deal has investors wondering if this is a hail mary for Catch and Wesfarmers as Woolworths gains on them in the eTail space.

Woolworths secured a majority stake in online retailer MyDeal (ASX:MYD) last month for $243 million, a 63% premium. 

  • About
  • Latest Posts
Samantha Freidin
Samantha Freidin is a business journalist at Emerald Financial whilst also completing a Masters of Marketing and Digital Communications at Monash University.
Latest posts by Samantha Freidin (see all)
  • Parkinson’s UK backs Pharmaxis with $5 million to slow the onset of incurable disease with ‘ground breaking’ trial - September 1, 2022
  • How this company is developing medtech to support Indigenous community health - August 22, 2022
  • A round of ap-paws for PharmAust, changing the ruff prognosis for dogs with lymphoma - August 17, 2022
  •  
  •  
  •  
  •  
  • asx ivo
  • asx wes
  • catch
  • ecommerce
  • invigor
  • WES
  • Wesfarmers
  • Woolworths
  • News

Leave a Comment

You must be logged in to post a comment.

  • About
  • Latest Posts
Samantha Freidin
Samantha Freidin is a business journalist at Emerald Financial whilst also completing a Masters of Marketing and Digital Communications at Monash University.
Latest posts by Samantha Freidin (see all)
  • Parkinson’s UK backs Pharmaxis with $5 million to slow the onset of incurable disease with ‘ground breaking’ trial - September 1, 2022
  • How this company is developing medtech to support Indigenous community health - August 22, 2022
  • A round of ap-paws for PharmAust, changing the ruff prognosis for dogs with lymphoma - August 17, 2022

Login or register for free to access unlimited reading

Register Now!
  • About
  • Latest Posts
Samantha Freidin
Samantha Freidin is a business journalist at Emerald Financial whilst also completing a Masters of Marketing and Digital Communications at Monash University.
Latest posts by Samantha Freidin (see all)
  • Parkinson’s UK backs Pharmaxis with $5 million to slow the onset of incurable disease with ‘ground breaking’ trial - September 1, 2022
  • How this company is developing medtech to support Indigenous community health - August 22, 2022
  • A round of ap-paws for PharmAust, changing the ruff prognosis for dogs with lymphoma - August 17, 2022
  • News

  • Opinion

  • Satire

  • About

  • Contact Us

  • Subscribe

The content published on this website is solely for general information purposes and is not to be construed as financial advice. Should you seek financial advice you should consult with an appropriately qualified person. Opinions expressed on this site are subject to change without notice and The Sentiment who produced this content is under no obligation to keep the information current. The Sentiment, affiliated companies & associates may have a conflict of interest with companies discussed on the website due to commercial arrangements, for example they may be shareholders in the company, be engaged by them to assist in investor communications or receive commission/brokerage for funds raised.

Copyright © 2020 The Sentiment. All rights reserved.
Subscribe

Enter your email address below to subscribe to The Sentiment’s weekly newsletter, highlighting the top news, research, opinion and satire articles shaping ASX investor sentiment.

The Sentiment respects your privacy and will not spam you. View our privacy policy here.