Shufersal
#3714
Rank
$3.09B
Marketcap
Israel
Country
Advocate Aran Meiri (VP of Legal Advisor)
Mr. Nir Matosevich (Deputy CEO, EVP of Commerce & Marketing and Director of Trade & Marketing Division)
Mr. Uri Waterman (CEO of the BE Chain & Chairman in Bela Online Ltd.)
Summary
History
Shufersal was founded in 1958 by a group of grocers from Detroit, Michigan. Nate Lurie of Southfield, Michigan was a co-Founder and served as the first Chairman of the Board. The name was originally a portmanteau of the Aramaic *shufra* ?????, meaning "premium" and *sal* ??, Hebrew for "basket". In 2005, the company implemented a strategic growth plan, creating three supermarket categories: "Shufersal Deal", "Shufersal Big", and "Shufersal Sheli".
In early 2006, Shufersal purchased the third-largest retail chain in Israel, Clubmarket. In October 2006, the chain launched the Shufersal Credit Card. Sales turnover for the chain in 2007 totaled NIS 9,935 million.In 2009 it launched a subsidiary, Yesh, targeting the Haredi market. Features of Yesh stores include products marketed to larger families, lower prices, stricter kashrut standards, and in some stores, separate hours for men and women In 2009, Shufersal was threatened with an antitrust suit for the purchase of Clubmarket.
Mission
Vision
Key Team
Ori Watermann (Chief Exec. Officer)
Tomer Shani (Chief Financial Officer)
Eran Sela (VPs of Operations)
Mr. Shai Vardi (CTO, Chief Information Officer & VP of Information Systems)
Tali Tuval (VP of Corp. Communications)
Mr. Sharon Gambasho (VP of Real Estate & CEO of Shufersal Real Estate)
Ms. Doron Feinberg (Corp. Sec.)
Recognition and Awards
References
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Advocate Aran Meiri (VP of Legal Advisor)
Mr. Nir Matosevich (Deputy CEO, EVP of Commerce & Marketing and Director of Trade & Marketing Division)
Mr. Uri Waterman (CEO of the BE Chain & Chairman in Bela Online Ltd.)