Stock

A heavy blow for the American retail giant: the chain was forced to urgently remove an offensive children's clown costume and issue a public apology after facing backlash for its resemblance to racist caricatures. The immediate damage: a drop in stock and a $2.95 billion wipeout.

Following the success of its first branch in Pardes Hanna, the "Rami Levy Stock" chain is expanding to the center of the country with a new 3,000-square-meter store. The company has officially confirmed the opening date.