Türkiye’s retail sector showed signs of recovery in March, following the devastating earthquake that impacted the country at the start of February. The earthquake and its aftermath led to a 20% decline in retail turnover for the month, the country's Birleşmiş Markalar Derneği (BMD – United Brands Association) noted recently.
That aside, the country has had to battle with massive inflation in recent months – in March 2023, the inflation rate stood at 50.5%, down from 55.2% in February.
This means that turnover in the retail sector has nearly doubled over the past year, entirely driven by inflation – turnover grew by 93.4% year-on-year in February, with non-food turnover rising close to 100%.
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Here's an overview of the top ten supermarket retail chains in Türkiye, according to their most recently-available full-year turnover – note that some of this data is several years old. All data is supplied by Retail-Index (www.retail-index.com).
1. BIM
Turnover: €5.38 billion (2016)
BIM, with around 4,300 stores, is the largest supermarket retail chain in Türkiye. Founded in 1995, BIM offers products at low prices, with a focus on food and household essentials.
2. Migros
Turnover: €3.28 billion (2018)
Migros operates multiple banners/brands including M, MM, MMM, 5M, Kipa, M, Macro Center and Migros Jet. Dating back to 1954, Migros is the second-largest supermarket retail chain in Türkiye with 1,566 outlets.
3. Metro C&C
Turnover: €985 million (2020)
Wholesaler Metro C&C operates under the Metro banner and has 34 stores in Türkiye.
4. SOK Market
Turnover: €1.289 billion (2013)
SOK Market is one of the largest supermarket retail chains in Türkiye with over 4,700 outlets. SOK Market was founded in 1995.
5. A101
Turnover: €1.172 billion (2013)
Part of Yeni Magazacilik A.Ş. and founded in 2008, A101 is a rapidly growing supermarket retail chain in Türkiye with over 2,400 outlets.
6. Carrefour
Turnover: approx €800 million (2018)
Carrefour operates under several banners including Carrefour Express, Carrefour Hypermarket, and Champion. The French retailer, which entered the Turkish market in 1993, has 691 stores in the country.
7. Bizim Toptan
Turnover: €784 million (2014)
Founded in 2001, Bizim Toptan operates 204 stores in Türkiye.
8. Yimpas
Turnover: €498 million (estimated)
Yimpas operates under the Yimpas banner and has 41 stores in Türkiye.
9. Kiler
Turnover: €266 million (2013)
Kiler operates 210 stores in Türkiye, and was founded in 1984.
10. Adese/Adesem
Turnover: €208 million (2013)
Adese/Adesem operates under the Adese and Adesem banners and has 144 stores in Türkiye.
Other notable retailers trading in Türkiye include Pehlivanoglu, UCZ, Mopas, Onur, Uyum, Ekomini, Hakmar, Peynirci Baba, and Çagri.
About Retail-Index
Retail-Index is a specialist supplier of management information on consumer retail markets, provided by Veraart Research Group in the Netherlands. Its mission is to supply managers with up-to-date key information on retail markets in Europe and support them in their international expansion.
The company dates back to 1964, when it started as a market research and marketing consulting company for consumer products and services. In 1989, it started publishing written reports on various retail sectors in Europe. As of 2005, it publishes its information on retailers through the online database and curated datasheet exports available on www.retail-index.com. A team of researchers manages the data to reflect upon current developments in the markets, collected from an extensive number of sources.
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© 2023 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.
