Thanks to the personalized offers and discounts it offers as part of its marketing strategies driven by artificial intelligence technologies, Bizim Toptan has achieved a year-on-year revenue increase of 27 percent.
Turkey’s most expansive organized wholesale store Bizim Toptan has disclosed its financial results for the third quarter to Public Disclosure Platform (KAP). The results demonstrate that Bizim Toptan’s revenue reached TRY 4.9 billion with a year-on-year increase of 27 percent in the first nine months of 2021. Having maintained its powerful financial performance in the last quarter, Bizim Toptan has increased its sales revenues by 35 percent and achieved a net profit of TRY 15.1 million for the period. With 173 stores and 1644 Seç Market licensed dealers, Bizim Toptan continues to broaden its area of activity, maintaining its focus on growth and expansion.
Seç Market Maintains Rapid Growth
The expansion of its Seç Market channel of which it meets all procurement needs has a significant share in the increased revenue of Bizim Toptan. Standing out with its franchise model that empowers local tradespeople, Seç Market has increased the number of its business partners across Turkey to 1644 and continued to enhance its share in Bizim Toptan’s sales in the first nine months of 2021. Bizim Toptan has continued to increase the number of its corporate customers throughout 2021 by establishing new collaborations.
Balcı: “Out-of-home consumption is reviving”
Commenting on the company’s financial results for the first nine months of 2021, Bizim Toptan Managing Director Hüseyin Balcı, said: “Thanks to our omnichannel strategy, we were able to successfully manage the period in which store visits decreased due to the pandemic at Bizim Toptan. In this period where out-of-home (OOH) consumption is reviving and schools are open, we continue to offer various personalized campaigns and discounts to our customers by utilizing artificial intelligence technologies. One of our biggest goals at Bizim Toptan is to provide rapid responses to both our personal and corporate customers and continuously improve customer experience. In addition, we continue to improve our financial performance thanks to the benefits enabled by our profitable growth.”
About Bizim Toptan Satış Mağazaları:
Founded in 200, Bizim Toptan Satış Mağazaları has over 170 stores in more than 70 provinces today and is the largest and the most accessible Cash & Carry (Organized Wholesale) in its industry in terms of number of stores. Bizim Toptan offers its customers approximately 8 thousand products, including many well-known local and international brands as well as its own brands. Bizim Toptan is listed on İstanbul Stock Exchange as BIZIM. Continously enhancing its infrastructure through digital investments and offering its personalized services to its customers, Bizim Toptan also provides delivery services to out-of-home consumption customers as part of its Prosaf operation.
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