The WESHOES chain concludes 2023 with a significant growth of 15% and 20% at the beginning of 2024, attributed, among other things, to the success of exclusive international brands imported into the chain, including: Hoka, Crocs, and Blundstone.
In the past year, 29 branches were opened, and by the end of 2024, an additional 13 branches are expected to open in strategic locations across the country, including malls in Hadera, Ofer in Ma'ale Adumim, Seven Stars in Herzliya, Renanim in Ra'anana, Haifa's Azrieli, and malls in Mevasseret, Be'erot Yitzhak, Eilat, and more. In doing so, the WESHOES chain will cross the threshold of 100 branches for the first time and become one of the largest shoe chains in Israel. The investment cost in opening a new branch is approximately NIS 600,000.
In addition to a variety of prominent international shoe brands such as FreedomMoses, HeyDude, Blundstone, Hoka, Crocs, as well as the home brands SeventyNine, Oscar's, Mighty, and Candy, the company markets bags from Desigual, Kan-Ken, Delsey Paris, Lee Cooper, and suitcases from Delsey Paris Travel Lite and .IT.
The impressive growth of WESHOES highlights the network's ability to successfully cope with challenging market conditions, focusing on optimal customer experience, efficient marketing strategy, and a wide range of quality products. Current data emphasizes the success of WESHOES as a growing and developing company, indicating significant potential for future growth. Recently, a peak of over 165,000 club members was recorded, a number that is also steadily increasing.