Retailing

Former CEO Itzik Abercohen is one of five new members voted on to the board of directors.

Trax chairman Joel Bar-El: The layoffs will help us become profitable more quickly than planned.

Fox plans to open 49 stores selling Luxottica brand sunglasses within the first seven years of holding the franchise.

Having signed franchisee deals to open French retailer Carrefour supermarkets in Israel, and 7-Eleven convenience stores, the company is setting its sights on other retail sectors.

The "dark store" offers 30-minute deliveries in central Tel Aviv.

The Israeli supermarket chain's first quarter performance was also hit by the timing of the Passer holidays.

Yariv Bash's Flytrex has grown to be the largest drone delivery company in the US, leaving even Amazon and Google behind.

The deal values Office Depot Israel at NIS 80 million, of which Zim will receive NIS 35 million, as the chain has NIS 45 million debt.

Vadmani resigned after a majority of the Shufersal board decided not to recommend his reelection to the shareholders.

Electra Consumer Products reports that the average gross cost of adapting a Yeinot Bitan store to Carrefour format will be some NIS 3 million.

Phoenix, which has a 9% stake in Shufersal, prefers to wait until a new CEO is appointed and all strategic alternatives are examined.

The gas station chain is offering a share swap for a 20% stake in Israel's largest supermarket chain.

The new branch will be the furniture and home accessories retail chain's seventh in Israel.

Miniso began operating in Israel three and a half years ago and currently has 25 stores.

The new merger application regulations are part of the plan to tackle excessive concentration in Israel's food market.

The first of over 150 Israeli branches will be opened this year. Yeinot Bitan will also produce Carrefour food in Israel.

Visiting Israel, Doug McMillon talks to "Globes" about what he is and is not looking for here, and the retailing titan's vision for the online age.

The store will be located in Building A where six stores are currently being renovated and merged into one store covering more than 200 square meters.

By the end of 2022, agreements with these and other countries will abolish tariffs on most goods, and substantially cut tariffs on food products.

LuLu has annual revenue of $8 billion and operates 227 stores and 24 shopping malls in 22 countries in the Middle East, Asia, the US and Europe.

Layam will replace James Richardson, which has until now provided the duty-free products sold on Arkia flights.

Yossi and Shlomi Amir have withdrawn the bid due to objections from Paz, which bought Freshmarket from them.

Paz says that Yossi and Shlomi Amir signed a non-compete agreement when it bought Freshmarket from them.

Yossi and Shlomi Amir have submitted a bid to buy a controlling 24.9% stake in Shufersal for NIS 2.46 billion.

Icon's share price fell 20% today after it reported that one of its substantial retail customers had received approval from Apple to become an official importer.

Carrefour has signed an MOU with Electra Consumer Products on converting Yeinot Bitan supermarkets to its brand.

The Danish toy giant will open its first store in Tel Aviv before the summer.

The Ministry of Economy and Industry is in talks to bring international chains operating in the UAE to set up shop in Israel to boost competition.

Computers and materials were seized by the Israel Competition Authority in the food price fixing investigation that was begun last November.

Supermarket chain Shufersal is set to buy 60% of Mini Line, which operates the ALM electrical goods store chain.