A101 news

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...

In this update, we look at what happened at retailers across the region in the second quarter of 2016, including market entries & investment plans, new store concepts, online & digital, new technology, efficiency drives and legislation affecting retail. MARKET ENTRIES & INVESTMENT PLANS Lidl • Lithuania – The retailer has entered its 27th market, with 15 stores across nine towns and ci...

Discounter A101 is set to acquire Çağrı, while Bizim Toptan has appointed a new CFO. A101 to acquire Çağrı According to local reports, A101 is to acquire the Istanbul-based Çağrı chain, which operates around 45 compact hypermarkets, neighbourhood stores and discount stores. The deal is subject to approval from local competition authorities. Consolidation continues The latest develo...

Buyout plans are off as the Turkish discounter announces plans to grow at pace. Ambitious store opening plans A101 is a hard discount operator which has doubled its store estate in the last two years, operating 1,000 stores in 2011, which grew to over 2,000 stores by the end of 2012. Speaking at a press conference, CEO Erhan Bostan announced ambitious plans to continue to expand the estat...

Turkey-based discounter A101 has announced annual results for 2012 and set out its expansion plans for the year ahead. Retailer’s sales break TRY2 billion mark A101’s chief executive, Erhan Bostan, said that in 2012 sales had reached TRY2.1 billion (€886.7 million) from the company’s 2,032 stores. 2013 to see further growth Bostan went on to say that A101 was aiming to add a further 450...