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As of 10:24 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

shufersal ltd (SAE) Snapshot

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10/29/13 - $1,526
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10/20/14 - $959.00
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shufersal ltd (SAE) Details

Shufersal Ltd. operates a chain of supermarkets in Israel. It operates in two segments, Retail and Real Estate. The Retail segment is engaged in the retail marketing of food and other products; and manufacture of frozen and fresh baked products. It operates five retail format stores, including Shufersal Sheli neighborhood stores; Shufersal Deal discount stores; Yesh discount stores; Shufersal Express convenience stores; and Shufersal Online, a service that markets products directly to the customer’s home or office, with orders taken through the Internet, phone, or fax. As at December 31, 2013, this segment operated 281 stores in various formats with a total area of approximately 558 thousand square meters. The Real Estate segment is involved in the rental of various real estate properties, including commercial centers and other assets. The company also owns a logistics center in Rishon Lezion; and distribution centers in Kfar Vitkin, Ramle, and Kadima regions. Shufersal Ltd. was founded in 1958 and is based in Rishon-Le-Zion, Israel.

12,100 Employees
Last Reported Date: 08/8/14
Founded in 1958

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shufersal ltd (SAE) Key Developments

Shufersal Ltd. to Close Five Branches

Shufersal Ltd. announced that it is to close four branches from its Yesh and Yesh Hesed sub-chains, and a Shufersal Deal branch. Scheduled for closure are the Yesh branches at Bilu Junction near Rehovot and Akko and the Yesh Hesed branches in Beersheva and Netivot. The company also wants to close the Shufersal Deal branch in Ein Hamifratz in the north. The company will also reduce by more than half the commercial space in its Shufersal Deal branch in the Ra'ananim Mall in Ra'anana.

Shufersal Ltd. Announces Earnings Results for the Second Quarter and Revenue Results for the First Half of 2014

Shufersal Ltd. announced earnings results for the second quarter and revenue results for the first half of 2014. For the period, the company reported an operating loss of ILS 156 million. The losses were slightly moderated by profits in the real estate division. These poor results are a consequence of a one-time expense of ILS 211 million due to the retail chain's new strategic plan. In the first half of 2014, company's revenue fell 1.6% to ILS 5,779 million.

Shufersal Ltd to Close 15 Branches; Plans to Open New Branches Totaling 15,000 Sq.M. Annually

Shufersal Ltd. is embarking on a new path. The company's board of directors approved a new business plan for the company 'aimed at creating commercial and operational infrastructure for growth in the coming years, bolstering its ability to compete, and improving the value offered to the customer, including a cheaper shopping basket and better service". Streamlining, among other things by gradually closing 15 branches with 40,000 sq.m. in aggregate space, reducing space in other branches by a total of 25,000 sq.m., saving on costs in branches, the supply chain, and the company headquarters, and a voluntary retirement plan with 300 employees cut. At the same time, the company is sticking to its plan to open new branches totaling 15,000 sq.m. annually.


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