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However, after a significant economic downturn, the company cancelled its expansion plans and cut 15% of its workforce in 2009. [72] [73] [74] Ace Israel was eventually sold to Electra Consumer Products in 2012, and then Kedma Capital in 2016. [75] [76] By 2021, Ace Israel operated 34 stores and Kedma took the company public again. [77]
South Dakota v. Wayfair, Inc., 585 U.S. ___ (2018), was a United States Supreme Court case that held by a 5–4 majority that states may charge tax on purchases made from out-of-state sellers even if the seller does not have a physical presence in the taxing state.