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Online retailer Catch to be shut down within months after haemorrhaging millions [Video]

Long-running online deals website Catch will soon be shut down after losing more than $350 million in the past three and a half years.

Owner Wesfarmers, which also runs Kmart, Target, Bunnings and Officeworks, announced the closure this morning as it looks to cut costs.

The site will stop selling products on April 30.

Online sale retailer Catch. The website will shut down at the end of April. (Catch)

Catch was one of Australia’s earliest successful online retailers, having been founded in 2006 as Catch of the Day by brothers Hezi and Gabby Leibovich.

From its initial five staff, it grew into a business with hundreds of employees and was bought by Wesfarmers in 2019 for $230 million in cash.

Not long after, analysts JP Morgan valued the company at more than $1 billion, but it has proved to be a consistent loss-maker for Wesfarmers.

The retailer made losses of $88 million in 2022, $163 million in 2023 and …

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New Mexico woman's childhood home burns down in Hobbs [Video]

OUR FREE APP. A NEW MEXICAN WOMAN LOSES HER CHILDHOOD HOME AFTER IT BURNED DOWN IN HOBBS. SHE TELLS ALYSSA MUNOZ. THIS HAPPENED WHILE HELPING OTHERS IN HER COMMUNITY GO THROUGH THE SAME THING. BUT IN CALIFORNIA. SASHA JASMINE BAEZA SAYS WHILE THE CALIFORNIA FIRES DIDNT REACH HER DOORSTEP, SHE STEPPED UP TO HELP OTHERS IN HER COMMUNITY WHO HAVE BEEN AFFECTED. NOW, WHAT SHE DIDNT REALIZE IS THAT SHED ALSO BE HELPING HER FAMILY DO THE SAME THING MILES AWAY. EVERYBODY WAS WORRIED ABOUT ME IN LOS ANGELES, AND IT TURNED OUT THAT WE LOST A HOME BACK HOME IN NEW MEXICO. LOS ANGELES IS JASMINE BAEZS HOME AWAY FROM HOME FOR THE LAST 12 YEARS. SHE, LIKE MANY, WATCHED AS FIRES BURNED DOWN COMMUNITIES NEAR HER. IT WAS REALLY SCARY TO SEE THE FACT THAT THESE FIRES WERE RAVAGING THROUGH HOMES AND LAND, ACRES AT A TIME. IT TOOK, I THINK, OVER 5 TO 6 DAYS BEFORE THEY STARTED TO GET ANY CONTAINMENT ON THESE FIRES. A FEW DAYS LATER, BAEZA GOT A CALL. HER FAMILY WAS SEEING SIMILAR FLAMES MILES AWAY. I WAS JUST IMMEDIATELY SHOCKED. UPSET, CRYING. BUT MY GRANDMA WAS SAFE. MY GRANDPA WAS SAFE. A HOME BUILT 30 YEARS AGO BY HER GRANDPA AFTER IMMIGRATING HERE. GONE. WERE ALL REALLY UPSET THAT THE. ALL THE MEMORIES THAT WE BUILT WITHIN THAT HOME ARE GONE. SHE HAD THAT HOUSE SO MANY DIFFERENT COLORS LIKE GREEN, YELLOW, ORANGE, PINK. IT WAS JUST OUR LITTLE MEXICAN OASIS ON THE SOUTH SIDE OF TOWN. NOW SHES SEEING WHATS LEFT OF HER CHILDHOOD HOME THROUGH FACETIME. OFFICIALS SAY THE FIRE WAS CAUSED BY A HEATER THAT WAS PLUGGED IN OVERNIGHT. AT THE END OF THE DAY, EVERYBODYS GRATEFUL, FEELING A BUNCH OF DIFFERENT THINGS. AND LIKE I SAID, WERE NOT FACING CHALLENGES LIKE WILDFIRES STILL GOING. SO FOR ME, THATS BEEN A LITTLE DIFFERENT WHERE IT JUST FEELS LIKE THIS HASNT THAT WE HAVENT REACHED A COMPLETE STOP. BUT ON THE BRIGHT SIDE, THEY DO HAVE A LOT MORE CONTAINMENT ON THE FIRES OUT HERE. AND THAT WILL ALSO HELP MY FAMILY FEEL BETTER. BAEZA SAYS HER FAMILY HAS GOTTEN A LOT OF SUPPORT FROM THE COMMUNITY, AND GLAD EVERYONE WAS ABLE TO GE