Tel Aviv Is Not Doing Well

The naked eye may not spot the decline of Israel’s culture and entertainment capital, but the numbers don't lie

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Cyclists in Tel Aviv. The city has become one large construction site.
Cyclists in Tel Aviv. The city has become one large construction site.
Adi Dovrat-Meseritz
Adi Dovrat-Meseritz

Something bad is happening to Tel Aviv.

Since the start of the year, fashion and footwear stores, cafés and restaurants in the city have fared much more poorly than similar businesses in other locales, according to an analysis by TheMarker. The source data are from SBA Automatic Banking Services (the directorate of the national credit card payment system), RIS (which monitors revenues in thousands of stores in malls) and interviews with senior officials in the relevant businesses.

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