BIM news

29 September 2016
We round up the results from Turkish retailers for the first half of 2016, including performance and highlights from BIM, Migros, Bizim Toptan, Adese and Uyum. Despite the continued growth of most retailers, some face profitability challenges. Migros growth overtakes BIM... In 2015, BIM grew faster than Migros; although for the first half of 2016, performance tells a different story: I...
20 August 2015
Leading Turkish retailers BIM and Migros Ticaret have revealed its results for the first half of 2015. BIM reported a 21.4% increase in net sales to TRY 8.4bn (€2.6bn) and a 38.3% increase in net income to TRY 273.1m (€86.4m). Like-for-like sales in the first half increased by 11.4%. Meanwhile, competitor Migros reported a 17.8% increase in net sales for the first half to TRY 4.4bn (€1.4bn), alth...
04 March 2015
Leading Turkish discount retailer BIM has revealed its 2014 results, reporting a 22% increase in net sales to TRY 14.5bn (€4.8bn). However, net profit fell 4.3% to TRY 395.3m (€139.9m). Private label share of sales: 69.4% Private label share of sales continued to grow, representing 69.4% of sales in 2014, an increase of 1.8% versus last year. Store opening continues at home and abroad ...
02 January 2015
Leading Turkish discount retailer BIM has revealed the strategy of its new supermarket format, ‘File’ , which will launch in 2015, while Anadolu Endustri Holding AS has purchased a 40.25% stake in Migros, the country's second largest grocery retailer. BIM to launch ‘File’ banner in Istanbul in 2015 The first of BIM’s new supermarket format, ‘File’ , will launch in March in the Istanbul ...
18 August 2014
Turkish discount retailer BIM has released its half year results, reporting a 23.6% increase in net sales to TRY 7bn (€2.4bn) and a 12.7% rise in like-for-like sales. Net income for the half rose by 3.9% to TRY 197.5m (€67.9m), although in Q2 this dropped by 3.3% to TRY 92.8m (€31.9m). Rapid store opening programme continues in Turkey Store growth in Turkey continued at pace, with 344 store...
16 July 2014
Leading Turkish discount retailer BIM has revealed its ambition to open a premium supermarket banner. Larger stores with a focus on fresh BIM plans to launch the new banner 'File' in a move away the discount format, which it operates in with great success. It is thought that the average store size of the new format will be approximately 1,000 sq. m, with a focus on fresh; seeking to deliv...
12 May 2014
Turkish discount retailer BIM has released its results for the first quarter of 2014, reporting a 21% increase in net sales to TL 3.4bn and an 11.2% increase in like-for-like sales. Gross profit for the quarter also rose by 21.6% to TL 528.1m. Store count crosses 4,000 barrier As of the end of March, BIM operated 4,159 stores, an increase of 11.4% versus the same quarter last year. Major...
05 March 2014
Turkish discount retailer BIM has announced its 2013 results, revealing that net sales rose by 19.6%, reaching TRY 11.8bn (€3.8bn). The retailer also enjoyed double digit growth in like for like sales, reporting an increase of 10.8% for the full year. Net income rose 24.4% to TRY 413m (€134.7m).   Store count continues to grow at home and abroad During 2013, the retailer continued to o...
11 November 2013
Turkey-based discounter BIM has announced Q3 results for the period ending 30 September, saying that net sales rose 21% to TRY3.1 billion (US$1.5 billion) and like-for-like sales rising by 11.7%. New stores underpin sales growth BIM said that new stores helped support sales growth 63 net new stores added in Turkey, 16 in Morocco and three in Egypt during the quarter. The retailer said that ...
23 August 2013
Turkey-based discounter BIM has announced second quarter results showing that revenue had risen by just over 20% to TRY2.8 billion (US$1.4 billion). Second quarter sees pace of revenue growth increase The 20% growth in revenues in the second quarter of the financial year meant that the retailer saw a faster pace of growth in the latter quarter compared to the first. In the first half of the...