Urbanica

The fashion chain Urbanica is launching a massive end-of-season sale. Customers can enjoy discounts of up to 80% on a wide range of items for the entire family.

The fashion chain from the Castro-Hoodies group recorded a 70% jump in net profit to 30.6 million shekels and approved a 30 million shekel dividend. Despite improved margins, the stock, with a market cap of 1.03 billion shekels, has fallen by 15% year-to-date.

The fashion chain is launching its back-to-school collection and rolling out aggressive promotions in all branches and on the website, with a variety of stationery, shirts for 15 shekels, and designer bags at low prices.