Fashion chain JD Sports is leaving Israel: All branches to close
The international sportswear chain JD Sports announced today its decision to cease operations in Israel. The British company, which entered the local market just four years ago, will close all six of its branches across the country during the coming month of February.
Following the decision, the chain's employees in Israel have already received notices summoning them to pre-termination hearings. This is a significant move for the company, which opened its first branch in Israel in 2020 with the intention of expanding and becoming a major player in the local sportswear market.
The decision to close operations comes after a period in which the chain struggled to maintain profitability in the competitive Israeli market. Despite the brand's popularity among young people, the company's management has decided to focus its efforts on other markets around the world.
For Israeli consumers, this marks the closure of a well-known chain that offered a wide range of international sports brands. Now, the chain's employees will have to deal with the termination of their employment, while the company's management prepares for the final closure of the stores next month.