Israeli retailer Blue Square-Israel has reported a net loss for the latest quarter, compared with a year-ago profit, as sales were hit by the recession and increased competition.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company posted a net loss of NIS17.2m (US$3.9m) for the third quarter to 30 September, compared to a net profit of NIS24.8m in the year-ago period.


Excluding one-time provisions for employee layoffs and fixed asset impairment, which amounted to NIS36.6m after taxes and minority interest, net income for the third quarter would have been NIS19.4m, the company said.


Third-quarter revenues were NIS1.34bn, compared to NIS1.38bn a year earlier. Same-store sales fell 9.9%.


“The reduction reflects the ongoing recession in Israel and increasing competition,” the company said.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now