Shufersal Announces Nationwide Makeover

YERUSHALAYIM -

Israel’s biggest retail food company, Shufersal, has unveiled a plan to streamline operations to include closure of some branches, early retirements, discounts and enhanced digitilization, Globes reported  on Thursday.

The chain’s board of directors notified the TASE of the NIS 200 million makeover, which is expected to adversely affect profits.  The plan calls for gradually closing 15 branches with 40,000 square meters in aggregate space, reducing space in other branches by a total of 25,000 square meters, saving on costs in branches, the supply chain, and the company headquarters, and a voluntary retirement plan that will see the departure of about 300 employees.

At the same time, Shufersal says the company plans to open new branches..

Also outlined were price cuts on special offers such as Shufersal Deal and My Shufersal.