Catch me if you can: Aussie online shopping giant sees sales surge

Written on the 18 February 2019 by Business News Australia

Catch me if you can: Aussie online shopping giant sees sales surge

Major online shopping company Catch Group has announced a massive uptick in sales for the first half of FY19, driven by significant growth in its product range and active customer base.

In an announcement of its unaudited results today, the group highlighted 62 per cent growth in gross transaction volume (GTV) to $254 million, including more than a four-fold jump in its marketplace GTV to $90 million.

Catch.com.au's in-stock offering continued to grow strongly in the half with GTV up 20 per cent at $163 million, backed by more than 38,000 different stock keeping units (SKUs).

The group's marketplace platform now includes in excess of 1.7 million SKUs sold by more than 1,000 third-party sellers including House, Forever New, Lincraft and Betts.

At the end of the quarter, active customers had grown by 54 per cent year-on-year to 1.366 million.

Other milestones include the launch of a loans service, a mobile offer in partnership with Optus, a new concept store that started trading over Christmas at Chadstone and an upgrade for Catch's Melbourne facilities.

"Catch Group continues to meet ambitious growth plans. Our hybrid marketplace and in-stock strategy has delivered record GTV for the business," says CEO Nati Harpaz (pictured).

"We continue to grow our significant active customer base through smart and efficient marketing, great deals, exceptional customer service and an enjoyable shopping experience.

"Our Catch Essentials verticals now includes our mobile phone plan business Catch Connect, and the recently launched Catch Personal Loans, both services demonstrating that the Catch audience is looking to purchase more than just products from a brand they trust and love."

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Business News Australia

 
Author: Business News Australia

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