Steimatzky: Difference between revisions
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'''Steimatzky''' ({{lang-he|סטימצקי}}), is the oldest and largest [[bookstore]] chain in [[Israel]], founded by Yechezkel Steimatzky in 1925. |
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| name = Steimatzky |
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==Early history== |
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The first store opened in 1925 on [[Jaffa Road]] in [[Jerusalem]] by Yechezkel Steimatzky a [[Russia]]n-born immigrant from [[Germany]]. He had originally came to Palestine on a short visit for the opening of the [[Hebrew University of Jerusalem]] and decided to stay after he saw the potential in opening a foreign language bookstore that would serve a growing immigrants' market as well as [[British Army]] soldiers serving under the [[Palestine (mandate)|British Mandate of Palestine]]. The concept was so successful that he opened an additional store in [[Haifa]] later that year. By 1948, another store opened on [[Allenby Street]] in [[Tel Aviv]]. |
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==Expansion== |
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In 1927, Steimatzky saw the potential for expansion throughout the [[Middle East]] and opened a store in [[Beirut]]. The company name was changed to ''Steimatzky Middle East Agency''. During [[World War II]], a Steimatzky store opened in [[Baghdad]] next to the British Army base, and soon after in [[Cairo]], [[Alexandria]], and [[Damascus]]. The expansion came to a halt with the outbreak of the [[1948 Arab-Israeli war]] and the [[nationalization]] of all the bookstores in the Arab countries. |
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==Mergers and partnerships== |
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In 1963, the son of founder Yechezkel, Eri Steimatzky, joined the company and became its [[general manager]]. In 1995, the Steimatzky company purchased the ''Sifri'' chain with seven stores. The chain was a virtual monopoly in Israel until 2002 when two smaller competitors (''Tzomet Hasfarim'', ''Yerid Hasfarim'') and Modan Publishing House united under ''Tzomet Hasfarim'' banner numbering about forty stores. In 2004, Steimatzky merged with [[Keter Publishing House]]. |
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In 2005, Markstone Capital Partners Fund purchased the company for $50 - 60 million including over 150 stores and the 49% Steimatzky share in the publishing house. <ref>[http://www.allbusiness.com/information/publishing-industries/564037-1.html]{{Dead link|date=March 2008}}</ref>. |
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| native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{Lang|[code]|[name]}}. --> |
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| former_name = Steimatzky Middle East Agency |
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| predecessor = <!-- or: | predecessors = --> |
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| founded = first store, 1920 in [[Tel Aviv]]<br>chain, 1925 in [[Jerusalem]]<br>[[Mandatory Palestine]] |
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| founders = Tzvi Steimatzky (1920)<br>Yechezkel Steimatzky (1925) |
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| defunct = <!-- {{End date|YYYY|MM|DD}} --> |
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| hq_location = Lev HaAretz |
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| hq_location_city = [[Kafr Qasim]] |
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| hq_location_country = [[Israel]] |
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| num_locations = 136 |
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| num_locations_year = November 2020 |
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| area_served = [[Israel]] |
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| production_year = <!-- Year of production data (if known) --> |
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| revenue_year = <!-- Year of revenue data (if known) --> |
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| income_year = <!-- Year of operating_income data (if known) --> |
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| net_income = <!-- or: | profit = --> |
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| net_income_year = <!-- or: | profit_year = --><!-- Year of net_income/profit data (if known) --> |
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| aum = <!-- Only for financial-service companies --> |
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| assets_year = <!-- Year of assets data (if known) --> |
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| equity = |
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| equity_year = <!-- Year of equity data (if known) --> |
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| owner = [[G. Yafit]] |
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| members = |
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| members_year = <!-- Year of members data (if known) --> |
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| num_employees = |
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| num_employees_year = <!-- Year of num_employees data (if known) --> |
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| module = <!-- Used to embed other templates --> |
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| ratio = <!-- Basel III ratio, for BANKS ONLY --> |
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| rating = <!-- credit rating, for BANKS ONLY --> |
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| website = {{URL|steimatzky.co.il}} |
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| intl = <!-- Set positively ("true"/"yes"/etc) if company is international, otherwise omit --> |
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}} |
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'''Steimatzky''' ({{langx|he|סטימצקי}}) is a [[bookstore]] chain in [[Israel]]. |
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==History== |
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In 2006, Steimatzky operated stores in 68 cities in Israel as well as in [[London]] and [[Los Angeles]]. It is estimated that the company holds a 40% share in the Israeli book retailing market and employs over 700 people worldwide. |
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=== 1920–25: Tzvi Steimatzky years === |
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The first store was opened by Tzvi Steimatzky in 1920 in [[Tel Aviv]], 6 Herzl St. |
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=== 1925–63: Yechezkel Steimatzky years === |
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In September 2007, Eri Steimatzky announced his retirement from the chain, leaving the company in the hands of Markstone Capital Partners Fund. |
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[[File:Dan Hadani collection (990044381290205171).jpg|[[Teddy Kollek]] (center) visits the Steimatzky stand at the 1969 [[Jerusalem International Book Fair]]. Eri Steimatzky is on the right. Some books that Steimatzky published are on display.|thumb|238px]] |
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In 1925 Tzvi's half brother Yechezkel Steimatzky opened the second store on [[Jaffa Road]] in [[Jerusalem]]. Yechezkel Steimatzky was a [[Russia]]n-born immigrant from [[Germany]]. He had originally come to the [[Mandatory Palestine|British Mandate of Palestine]] on a short visit for the opening of the [[Hebrew University of Jerusalem]] and decided to stay after he saw the potential in opening a foreign language bookstore that would serve a growing immigrants' market as well as [[British Army]] soldiers serving under the British Mandate. The concept was so successful that he opened an additional store in [[Haifa]] later that year. |
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In 1927 Steimatzky saw the potential for expansion throughout the [[Middle East]] and opened a store in [[Beirut]]. The company name was changed to ''Steimatzky Middle East Agency''. During [[World War II]], a Steimatzky store opened in [[Baghdad]] next to the British Army base, and soon after in [[Cairo]], [[Alexandria]], and [[Damascus]]. |
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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.<ref>[http://fr.jpost.com/servlet/Satellite?pagename=JPost/JPArticle/ShowFull&cid=1244371067692] {{dead link|date=August 2019}}</ref> By 1948 another store opened on [[Allenby Street]] in Tel Aviv. |
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=== 1963–2005: Eri Steimatzky years === |
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[[File:Steimatzky Kfar Sava.jpg|thumb|right|238px|An old style Steimatzky store in [[Kfar Saba]] in 2014.]] |
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In 1963 the son of founder Yechezkel, Eri Steimatzky, joined the company and became its [[general manager]]. A period of expansion followed. |
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In 1995 the Steimatzky company purchased the ''Sifri'' chain with seven stores. The chain was a virtual monopoly in Israel until 2002. |
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In 2002 two smaller competitors (''Tzomet Sfarim'', ''Yerid Hasfarim'') and Modan Publishing House united under the [[Tzomet Sfarim]] brand, operating about 40 stores. In 2004 Steimatzky merged with [[Keter Publishing House]]. |
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=== 2005–14: Markstone Capital years === |
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[[File:Steimatzky2017.JPG|thumb|right|238px|A Steimatzky store in the [[Pisgat Ze'ev]] Mall, [[Jerusalem]], 2012.]] |
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In 2005 [[Markstone Capital Partners]] purchased the company.<ref>{{cite web | url=http://www.haaretz.com/business/steimatzky-ceo-seeking-consortium-to-buy-the-company-1.418357 | title=Steimatzky CEO seeking consortium to buy the company | website=Haaretz.com | date=14 March 2012 | accessdate=2013-04-15}}</ref> In 2006, Steimatzky operated stores in 68 cities in Israel as well as in [[London]] and [[Los Angeles]]. It was estimated that the company held a 40% share in the Israeli book retailing market and employed over 700 people worldwide. In September 2007, Eri Steimatzky announced his retirement from the chain, leaving the company in the hands of Markstone Capital. |
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In 2010 Steimatzky operated over 160 stores across Israel in various formats. These included mall-based stores, stores with coffee shops, extensive non-book offerings, and larger formats. |
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=== Since 2014: G. Yafit years === |
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In June 2014 Steimatzky was acquired by a group of investors led by [[G. Yafit]].<ref>{{Cite news|url=https://www.haaretz.com/israel-news/business/.premium-steimatzky-sale-completed-1.5252894|title = Sale of Steimatzky, Israel's Largest Book Chain, Completed|newspaper = Haaretz}}</ref> Eyal Greenberg, the son of Yafit Greenberg ("G Yafit"), was appointed CEO.<ref>{{Cite web|url=https://en.globes.co.il/en/article-eyal-greenberg-appointed-steimatzky-temporary-ceo-1000951542|title = Eyal Greenberg appointed Steimatzky acting CEO - Globes|date = 3 July 2014}}</ref> |
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By September 2017 the gap between Steimatzky and its main competitor, Tzomet Sfarim, was closing. Steimatzky reduced its number of branches to 140, Tzomet Sfarim upped to 96.<ref>{{Cite web|url=https://www.booknet.co.il/page.asp?id=6|title=בוקנט חנות הספרים באינטרנט של רשת צומת ספרים |website=Booknet.co.il|accessdate=17 August 2019}}</ref> On 1 October 2018 and 1 April 2020, Tzomet Sfarim had 95 branches. Steimatzky was unchanged on 1 October 2018 and down to 136 on 22 November 2020. |
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Early 2018, the headquarters and logistical center of Steimatzky moved from [[Kiryat Aryeh]] in Petach Tikva to the Lev HaAretz industrial area in [[Kafr Qasim]]. Since 2020, the website of Steimatzky sells a wide range of consumer products including shoes, perfumes, [[home appliance]]s, and electronics. On 1 January 2022, Steimatzky has 128 branches. Tzomet Sfarim has 89. On 17 March 2023, Steimatzky has 138 branches. |
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==References== |
==References== |
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{{ |
{{Reflist}} |
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==External links== |
==External links== |
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* [ |
* [https://www.steimatzky.co.il Main online website] {{in lang|he}} |
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* [http://www.ibooks.co.il Main online website] {{he icon}} |
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* [http://www.markstonecapital.com/ Markstone Capital Group LLC] |
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{{Literature in Israel}} |
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[[Category:Bookstores]] |
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{{Bookstore chains}} |
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[[Category:Publishing companies of Israel]] |
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[[Category:Retailers in Israel]] |
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[[Category:Book publishing companies of Israel]] |
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[[he:סטימצקי]] |
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[[Category:Israeli brands]] |
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[[ru:Стеймацки]] |
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[[Category:Bookstores in Israel]] |
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[[Category:Jewish businesses established in Mandatory Palestine]] |
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[[Category:1920 establishments in Mandatory Palestine]] |
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[[Category:Retail companies established in 1920]] |
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[[Category:Words and phrases in Modern Hebrew]] |
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Latest revision as of 03:45, 1 December 2024
| Formerly | Steimatzky Middle East Agency |
|---|---|
| Founded | first store, 1920 in Tel Aviv chain, 1925 in Jerusalem Mandatory Palestine |
| Founders | Tzvi Steimatzky (1920) Yechezkel Steimatzky (1925) |
| Headquarters | Lev HaAretz, , |
Number of locations | 136 (November 2020) |
Area served | Israel |
| Owner | G. Yafit |
| Website | steimatzky |
Steimatzky (Hebrew: סטימצקי) is a bookstore chain in Israel.
History
[edit]1920–25: Tzvi Steimatzky years
[edit]The first store was opened by Tzvi Steimatzky in 1920 in Tel Aviv, 6 Herzl St.
1925–63: Yechezkel Steimatzky years
[edit].jpg)
In 1925 Tzvi's half brother Yechezkel Steimatzky opened the second store on Jaffa Road in Jerusalem. Yechezkel Steimatzky was a Russian-born immigrant from Germany. He had originally come to the British Mandate of Palestine on a short visit for the opening of the Hebrew University of Jerusalem and decided to stay after he saw the potential in opening a foreign language bookstore that would serve a growing immigrants' market as well as British Army soldiers serving under the British Mandate. The concept was so successful that he opened an additional store in Haifa later that year.
In 1927 Steimatzky saw the potential for expansion throughout the Middle East and opened a store in Beirut. The company name was changed to Steimatzky Middle East Agency. During World War II, a Steimatzky store opened in Baghdad next to the British Army base, and soon after in Cairo, Alexandria, and Damascus.
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.[1] By 1948 another store opened on Allenby Street in Tel Aviv.
1963–2005: Eri Steimatzky years
[edit]
In 1963 the son of founder Yechezkel, Eri Steimatzky, joined the company and became its general manager. A period of expansion followed.
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 2004 Steimatzky merged with Keter Publishing House.
2005–14: Markstone Capital years
[edit]
In 2005 Markstone Capital Partners purchased the company.[2] In 2006, Steimatzky operated stores in 68 cities in Israel as well as in London and Los Angeles. It was estimated that the company held a 40% share in the Israeli book retailing market and employed over 700 people worldwide. 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. These included mall-based stores, stores with coffee shops, extensive non-book offerings, and larger formats.
Since 2014: G. Yafit years
[edit]In June 2014 Steimatzky was acquired by a group of investors led by G. Yafit.[3] Eyal Greenberg, the son of Yafit Greenberg ("G Yafit"), was appointed CEO.[4]
By September 2017 the gap between Steimatzky and its main competitor, Tzomet Sfarim, was closing. Steimatzky reduced its number of branches to 140, Tzomet Sfarim upped to 96.[5] On 1 October 2018 and 1 April 2020, Tzomet Sfarim had 95 branches. Steimatzky was unchanged on 1 October 2018 and down to 136 on 22 November 2020.
Early 2018, the headquarters and logistical center of Steimatzky moved from Kiryat Aryeh in Petach Tikva to the Lev HaAretz industrial area in Kafr Qasim. Since 2020, the website of Steimatzky sells a wide range of consumer products including shoes, perfumes, home appliances, and electronics. On 1 January 2022, Steimatzky has 128 branches. Tzomet Sfarim has 89. On 17 March 2023, Steimatzky has 138 branches.
References
[edit]- ^ [1] [dead link]
- ^ "Steimatzky CEO seeking consortium to buy the company". Haaretz.com. 14 March 2012. Retrieved 2013-04-15.
- ^ "Sale of Steimatzky, Israel's Largest Book Chain, Completed". Haaretz.
- ^ "Eyal Greenberg appointed Steimatzky acting CEO - Globes". 3 July 2014.
- ^ "בוקנט חנות הספרים באינטרנט של רשת צומת ספרים". Booknet.co.il. Retrieved 17 August 2019.
External links
[edit]- Main online website (in Hebrew)