To step up expansion.
Catch Group is currently seeking a 1,500-2,000sqm commercial property in Melbourne which has approval to sell mixed merchandising across categories including fashion apparel, electronics/technology, toys, homewares, sporting goods and beauty.
Catch Group CEO Nati Harpaz told Appliance Retailer, “We look to open our first retail outlet in Melbourne before Christmas. The move follows our recent launch of luxury travel site Bon Voyage and Catch Marketplace, as we look to step up expansion and deepen our offer to our five million plus customers.
“There is no online or offline, it’s just one retail channel, as such it’s important to be where our customers are and provide them with the choice to shop where and when they want. Whether that is online, on a mobile device via our apps, or in store.
“The expansion offline is a natural extension for the Catch Group noting that the move will allow the group to target a new customer. After the successful roll out of its first Catch retail store in Melbourne, we plan to expand our retail footprint further with additional stores around the country.
“The last 12 months have been one of the best 12 months in terms of our revenue and margins so we are very bullish about the future. We believe that if you give the customers the product that they want at the price that they believe is good value, you will win them over.”