As per the United States Department of Agriculture (USDA) the food retail sales comprised 60percent of market share of retail in 2014, which was $121 billion. Based on BMI Research, mass grocery sales surpassed this figure with a rise by 12.6 percent in 2015.
If these predictions turn out to be reality remains to be seen, but the market is optimistic. Are you intrigued by the possibility of making money from this trend? We’ve reviewed the most popular Turkish grocery stores so you’ll know which turkish store near me offer your goods with the greatest chance of reaching a wider market in Turkey.
Before we discuss the main grocery store players it is important to keep an eye on the fact that the Turkish food market is less diversified than the other developed nations. The tradition of buying and eating fresh food during the same day is relevant to the culture. This implies that outdoor exhibits, as well as smaller-sized regional stores known as backers comprise large portions of the market for food products.
Although it’s true, Turkey is moving towards more Westernized methods of selling groceries. Bakes stay solid favorites for Turkish customers. In larger chain stores, foreign products are promoted, so keep this in mind when considering expanding your business to Turkey.
BIM is Turkey’s most renowned chain of discount grocery stores with a massive Turkish segment of grocery stores; BIM takes pleasure in the biggest share of private market, 6.7%. The retailer company is Turkish and has more than 4,700 stores across the country. The financial report for 2014, one of the latest information accessible at the time reported that sales for the team increased by 22% in the year before to 14.5 billion Turkish lire (TL) equivalent to around $5 billion.
In order to improve its ongoing operation of concentrating discount rates, BIM announced opening costs stores in the Istanbul region. According to an account published in Daily Sabah Daily Sabah, the team is planning to open the first up-scale locations by the beginning third quarter in 2016.
Migros Ticaret A.S
While BIM’s business is concentrated on price cut selling, Migros Ticaret has taken an approach that is more diverse for grocery selling. The group, which is owned taken over by the Turkish firm Anadolu Endustri Holding, splits its food businesses in three distinct brands. Migros is responsible for hypermarket and supermarket sales, and discount stores are beneath the Kansas umbrella as well as Macro Center accountable for even more modern “exquisite” choices.
Migros Ticaret, as with BIM has posted double-digit growth in 2014, with 14% growth in its web sales. In terms of dollars the total was TL 8.1 billion ($ 2.5 billion).
It is also notable because it is the result of a joint venture that is run by Switzerland-based Migros Co-operatives and the Istanbul Municipality and demonstrating just how efficient international companies are when it comes to Turkish selling food.
Although it is not a brand by itself, Yildiz Holdings is the third largest retailer of grocery stores along with grocery store stores across Turkey by acquiring the price-cut chain Sok in the year 2011. They also acquired cash-and-carry merchants Bizim Top Tan in 2002. Collectively, Yildiz Holdings operates over 2500 shops, most of which are operated under Sok. Sok brand name, across Turkey. In 2014, according to the most recent information available, Yildiz Holdings’ food retail operations generated more than the sum of 3.5 billion ($ 1.1 billion).
A101 is a different Turkish owned discount rate supermarket chain in terms of pure shop numbers. A101 is situated in the second location with over 4,000 locations across Turkey. The company also has a good track record in terms of financials, having the total 2014 revenue of $ 3.4 billion ($ 1.1 billion).
The company was initially owned entirely by French the hypermarket leader Carrefour, CarrefourSA is a joint partnership between the French companies together with Turkish firm Sabanci Holding. Sabanci Holding owns a controlling risk of around 50.93 percent following a merger in 2013.
CarrefourSA is a shining example in Western retailing of food within its Turkish market. It has more than 400 stores, which include a mixture of supermarkets and hyper-stores that operate across Turkey. Following a significant increase in investments across all of its businesses, Carrefour SA saw its sales grow by 20 percent up to 3.1 billion (1 billion dollars) in 2014.
Although different Western chains have had issues and frustrations that have led to the closure of stores due to the fragmentation of Turkish marketplace, CarrefourSA’s triumph is an inspiring story for foreign grocery store managers.
The final chapter of our analysis of the top grocery store retailers in Turkey is Tesco-Kipa. This is an initiative that is a joint venture between British and Turkish, as well as German dealers, the Metro Group. The Metro Group and Tesco-Kipa each posted sales of two billion TL in 2014. But, given the financial difficulties of its parent company, Tesco-Kipa is looking to decrease its exposure within Turkey in 2016 and is expected to get replaced with a different domestic rival.
Again, it’s crucial to consider the difference in Turkish retailers of food and a more western-style. If this trend persists and retailers gain more market share following this, then foreign products are likely to gain a greater market share on Turkey. Turkish market.
As per the United States Department of Agriculture (USDA) Food retail sales made up 60% of the total sales in the retail sector during 2014; with the total amount of which is $121 billion. As per BMI Research, mass grocery sales outpaced this trend by generating an increase by 12.6 percent in 2015.
The top Turkish chain of discount grocery store retailers which covers a large portion of the Turkish food store industry, BIM appreciates the biggest market share, of 6.7 percent. The 2014 financial report, which was with the most recent information available in the year 2014, stated the company’s sales grew by 22% to 14.5 billion Turkish lire (TL) equivalent to $5 billion.
After increasing the amount of financial investment across all processes, Carrefour SA saw its sales grow by 20 percent in 2014 to reach TL 3.1 billion (1 billion dollars) for 2014.