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Economy04:03 · 1h ago

Urbanica Offers Deep Discounts on Israeli Fashion Items

By מערכת ice
Translated & summarized from Ice by baba
The story · English

Israeli fashion brand Urbanica, owned by "Palo Retail Ltd.", is currently offering a wide selection of clothing items at significantly reduced prices. As part of these promotions, various apparel pieces are available for up to 45 shekels. Specifically, women's designer t-shirts are priced at just 10 shekels, while short boyfriend pants are offered at 40 shekels. The sale also includes mesh soccer jerseys, asymmetrical strapless tops in various colors, and tank tops and shorts featuring country names like Canada, Argentina, Brazil, and Portugal, all for 10 shekels. Additionally, embellished flip-flops, mini-skirts with shorts, and embroidered denim shorts are priced at 20 shekels. Long beach pants are selling for 30 shekels, and short pajama pants are 15 shekels each.

For men, the sale features striped button-down shirts, short pajama pants, colorful t-shirts, and hats for 15 shekels. Long-sleeved polo shirts are available for 25 shekels, and textured tank tops are priced at 20 shekels.

These price reductions come amidst Urbanica's strong financial performance. In August, the company reported a net profit of approximately 30.6 million shekels for the second quarter of 2026, a 70% increase compared to the same period last year. Revenues rose by about 22.6% to approximately 278.9 million shekels, and operating profitability improved across all three business segments. The board approved a dividend distribution of about 30 million shekels, payable on September 2nd. Despite these positive results, the company's stock is trading about 15% below its level at the beginning of the year and approximately 31% below its IPO price from about 18 months ago.

Read the original at Ice
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