IKEA opens Beit Shemesh store

IKEA Eshtaol near Beit Shemesh  / Photo: Shlager Media PR , PR
IKEA Eshtaol near Beit Shemesh / Photo: Shlager Media PR , PR

Covering 25,000 square meters, this is the Swedish furniture retail chain's sixth store in Israel.

Despite the Covid-19 crisis and the gradual reopening of the Israeli economy, Swedish furniture giant IKEA opened its sixth store in Israel today at Moshav Eshtaol near Beit Shemesh. The company has invested NIS 390 million in building the store and it is being opened despite the building violations committed during construction. The Jerusalem District Appeals Committee decided last week to overlook the contraventions of planning laws due to the jobs being created in this time of high unemployment.

The store covers 25,000 square meters and has 39 presentation halls with more than 8,000 products on sale. The new store has 380 employees including management, customer service, sales representatives and cashiers, logistics and warehouse personnel and catering staff. Outside the store are 900 free parking spaces.

IKEA's five existing stores in Israel are in Netanya, Rishon Lezion, Kiryat Ata (near Haifa), Beersheva and a kitchen store in Tel Aviv Port.

The new Eshtaol store, like all stores, will be subject to Ministry of Health coronavirus regulations with the number of customers allowed in the store at any one time limited and store staff required to take each customer's temperature before admitting them. Customers are required to wear masks.

Published by Globes, Israel business news - en.globes.co.il - on May 24, 2020

© Copyright of Globes Publisher Itonut (1983) Ltd. 2020

IKEA Eshtaol near Beit Shemesh  / Photo: Shlager Media PR , PR
IKEA Eshtaol near Beit Shemesh / Photo: Shlager Media PR , PR
Minister of Finance Bezalel Smotrich credit: Shlomi Yosef Israel formulates measures to cut planned US tariff

Two delegations will fly to Washington for talks on the matter with proposals including cutting bureaucracy for US imports.

Ashkelon vacation home fetches unexpectedly high price

US buyers paid NIS 4.37 million for the 20th floor apartment overlooking the marina.

Igal Zamir credit: TAT Technologies Buoyant TAT Technologies "no longer under investors' radar"

The Israeli aerospace company's share price has risen 27.9% since the start of 2025.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Jerusalem, Beit Shemesh, Tel Aviv, Ness Ziona, Nahariya, and Netivot.

Zutacore cofounder and CEO Erez Freibach credit: Gal Bref, Moshe Filberg and Zutacore PR SoftBank teams with Israeli chip liquid cooling startup ZutaCore

The Sderot-based company has developed an innovative cooling technology that dramatically cuts energy costs for data centers.

Hearst Tower New York credit: Shutterstock Hearst Ventures shuts down Israel office

The closure is part of a global move to shut down offices outside the US, but the fund will continue investment in Israeli companies.

US President Donald Trump credit: Shutterstock US reciprocal procurement demands put Israel in a bind

Reciprocal procurement on major tenders injects billions of dollars into Israel every year and supports hundreds of local companies but Israel may need to relax them in exchange for US tariff cuts.

Israeli stocks on Wall Street credit Nasdaq, Raanan Tal, Itay Tagar, Space Cut design: Tali Bogdanovsky Despite turmoil, analysts bullish on Israel Wall Street stocks

After recent strong declines, analysts are tipping Israeli tech stocks, with relative immunity to recession and limited exposure to tariffs.

Intel's 2025 vision credit: Intel Will Intel's sell-off include Israeli assets?

After the sale of Altera, "Globes" considers whether the troubled chipmaker will sell Mobileye or its Kiryat Gat fab.

CloudShare management team credit: PR Bow River Capital buys Israeli co CloudShare

The Denver-based alternative asset manager is paying an estimated $60-80 million for the SaaS provider of AI guided solutions for complex technical training requirements.

Housing prices continue to rise   credit: Tali Bogdanovsky Israel's housing price rise riddle

Despite a huge inventory of unsold new homes in central Israel and weak sales, apartment prices are still rising. "Globes" analyzes the data.

Inflation  credit: Tali Bogdanovsky March CPI higher than expected, housing prices rise

The March reading brings annual inflation in Israel down to 3.3% from 3.4% at the end of February.

Ben Gurion airport credit: Tali Bogdanovsky Abundance of affordable last minute Passover flight deals

The return of foreign airlines to Israel has brought down fares dramatically even for last minute vacations.

Karish rig  credit: Eyal Izhar Kesem Energy signs gas deals worth $2.8b

The power plant, scheduled to begin operating in 2029, will buy gas worth $2 billion from Energean and a further $700-800 million from the Tamar partners.

Kosher for Passover Coca Cola bottles credit: social media Why are yellow cap Coca Cola bottles different from all others?

Nostalgic Coca Cola aficionados claim that the kosher for Passover version, made from sugar cane instead of high fructose corn syrup, is the genuine taste of the soft drink.

Avigdor Willenz credit: Intel Exclusive: Avigdor Willenz's Element Labs raises $50m

The Israeli startup is developing AI processors for inference, the stage in which AI models are activated after they have already been trained.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018