Retail marketing chains of supermarkets & real estate.
Shufersal finished 2025 with profitability that looks much better than the headline revenue decline, but a meaningful part of that improvement rests on tighter commercial discipline and a larger contribution from real estate. The next test is whether the retail core can hold rou…
Shufersal's 2025 improvement is real, but it sits mainly on commercial and operating discipline rather than on returning demand strength. The company improved its earnings structure while online, private label, same-store, and loyalty indicators all weakened.
Shufersal's real-estate segment became a meaningful profit layer in 2025, but the right read is not simply that the assets are valuable. It is that logistics is producing genuine earnings power, while the headline jump was materially amplified by revaluation gains.
Shufersal’s working-capital deficit does not on its own describe a liquidity squeeze, but the easy net-financial-debt number does not on its own describe real cash flexibility either. Once leases are brought back in on a full cash basis, 2025 looks like a year with much tighter…
