Sok news

In our recent Western European outlook 2021 article, we highlighted ‘Stepping up on sustainability’ as one of five trends that we expect to shape grocery retail in 2021. This is especially the case in the Nordics, where sustainability remains at the heart of retailer strategies despite the COVID-19 pandemic. In 2020, the World Economic Forum in Davos revealed the Global 100 Most Sustainable ...

Three of Turkey’s leading six grocery retailers, BIM, Migros Turk and Sok, reported sales growth rates between 25% and 40% for the first half of 2019. This is above the market’s 15% increase for the year that IGD estimates. These retailers managed to grow above the 15.7% price inflation, as reported by the Central Bank of Turkey, due to their strong store expansion, with all the retailers addi...

Both companies reported a decrease in group net sales during the first quarter. From a retail point of view, Kesko said it performed much better and gained market share, thanks to growing in-store traffic and strong online sales. Kesko’s retail sales grow by 1.5% Kesko released its first quarter sales, reporting net sales of €.,4bn, with like-for-like sales decreasing by 0.6%, partly due to...

Turkey’s Agricultural Credit Cooperative or Tarimsal Kredi Kooperatifi (TKK) will sell fruits and vegetables to national retailers. A101, BIM, Carrefour, Migros and Sok will buy agriculture produce from the TKK at no margin and are obliged to sell them on at the same price of purchase. This is to help subdue food price inflation, which reached over 30% in January 2019. This is part of tanzim s...

BIM, A101 and Sok were the fastest growing leading Turkish retailers in 2018. The discounters were able to grow dynamically in a high inflation economy, at a rate of between 10% and 25%. Whereas, multi-channel retailer, Migros has improved its profitability. BIM, A101 and Sok lead growth because they are in the best position to offset inflation The three retailers have a high share of ...

We visited three of Turkey’s leading discounters, BIM, A101, and Sok, to understand what is driving their above market growth. In this article we highlight five strategies driving their growth and helping them to attract shoppers and grow their market share. 1. Growth strategy driven by store expansion The discounters are growing faster than the market. This is due to the high number of sto...

Leading Turkish retailer BIM has reported a 15.2% increase in revenue to TRY20.1bn (€5.1bn) for 2016. Turkey represents the largest share of sales, while expansion in its foreign operations resulted in 25% sales growth. What’s driving BIM’s growth? At almost 10% inflation reported for 2016 and real GDP growing at just over 5% it is no surprise to expect a double-digit growth rate amongst re...

Turkish corporation Yildiz Holding has confirmed it plans to merge all stores belonging to discount supermarket chain Dia with its other stores under the Sok banner in Turkey, according to Chairman of Yildiz, Murat Ulker. Merger follows Dia sale in July The merger follows the sale of Dia from Spanish supermarket group Dia and Turkey’s Sabanci Holding to Sok Marketler, a subsidiary of Yild...