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Economy03:21 · 22m ago

Bookstore CEO: More Staff Would Mean $100 Million More in Annual Sales

By רותם שטרקמן, ירדן בן גל הירשהורן
Translated & summarized from TheMarker by baba
The story · English

Avi Shuemer, CEO of Tzomet Sfarim, a major Israeli bookstore chain, stated that if the company had more employees, it could achieve an additional NIS 100 million in annual sales. This statement highlights a potential bottleneck in the company's growth, suggesting that staffing levels are limiting its revenue potential.

Shuemer's comment implies that the demand for the company's products exists, but the current workforce is insufficient to meet it. The remark was made in the context of broader economic discussions, including concerns about student's ability to understand basic utility bills and job market fluctuations, with layoffs reported at companies like Wix.

The CEO's perspective underscores the importance of human capital in retail operations and its direct impact on a company's ability to scale and capitalize on market opportunities. The specific figure of NIS 100 million indicates a significant potential increase in revenue that is currently unrealized due to staffing constraints.

Read the original at TheMarker
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