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Steimatzky history
Steimatzky company history timeline
The first store was opened by Tzvi Steimatzky in 1920 in Tel Aviv, 6 Herzl St
In 1925 Tzvi's half brother Yechezkel Steimatzky opened the second store on Jaffa Road in Jerusalem.
In 1927 Steimatzky saw the potential for expansion throughout the Middle East and opened a store in Beirut.
By 1948 another store opened on Allenby Street in Tel Aviv.
The Middle Eastern expansion came to a halt with the outbreak of the 1948 Arab–Israeli war and the nationalization of all branches in Beirut, Baghdad, Cairo and Damascus.
In 1963 the son of founder Yechezkel, Eri Steimatzky, joined the company and became its general manager.
A History Of Israel, Rinna Samuel, Steimatzky, 1989, Hardcover
In 1995 the Steimatzky company purchased the Sifri chain with seven stores.
The chain was a virtual monopoly in Israel until 2002.
In 2002 two smaller competitors (Tzomet Sfarim, Yerid Hasfarim) and Modan Publishing House united under the Tzomet Sfarim brand, operating about 40 stores.
In 2005 Markstone Capital Partners purchased the company.
In 2006, Steimatzky operated stores in 68 cities in Israel as well as in London and Los Angeles.
In September 2007, Eri Steimatzky announced his retirement from the chain, leaving the company in the hands of Markstone Capital.
In 2010 Steimatzky operated over 160 stores across Israel in various formats.
In June 2014 Steimatzky was acquired by a group of investors led by G. Yafit.
By September 2017 the gap between Steimatzky and its main competitor, Tzomet Sfarim, was closing.
Since 2020, the website of Steimatzky sells a wide range of consumer products including shoes, parfumes, home appliances, and electronics.
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Steimatzky competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Bijoux Terner | 1974 | $12.0M | 200 | - |
| Saffees | 1923 | $7.1M | 50 | - |
| Helen's Cycles | 1936 | $1.5M | 15 | - |
| Michal Negrin | - | $62.0M | 750 | - |
| Julian Gold | 1945 | $24.0M | 150 | - |
| Michelson Jewelers | - | $5.0M | 25 | - |
| A'GACI | 1971 | $73.6M | 3,000 | - |
| Bon Marche | 1890 | - | - | - |
| Breezin' Up | - | $740,000 | 25 | - |
| Uptown Cheapskate | 2008 | $19.0M | 750 | 405 |
Steimatzky history FAQs
Zippia gives an in-depth look into the details of Steimatzky, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Steimatzky. The employee data is based on information from people who have self-reported their past or current employments at Steimatzky. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Steimatzky. The data presented on this page does not represent the view of Steimatzky and its employees or that of Zippia.
Steimatzky may also be known as or be related to Steimatzky and Steimatzky Middle East Agency.