ŞOK Marketler had a net sales revenue of TL 14.4 billion in the first 9 months of 2020

ŞOK Marketler had a net sales revenue of TL 14.4 billion in the first 9 months of 2020

As one of the fastest growing retail chains in Turkey in terms of revenues, ŞOK Marketler (SOKM) increased its net sales revenues by 30.2 percent year-on-year and reached TL 15.4 billion TL. In this period, ŞOK Marketler opened 667 new stores and provided employment for approximately 5,000 people despite the pandemic. 

ŞOK Marketler, one of the fastest growing food retail chains in Turkey, has disclosed its financial statement for the first 9 months of 2020 to the Public Disclosure Platform (KAP). According to the disclosure, ŞOK Marketler increased its net sales revenues to TL 15.4 billion with a year-on-year increase of 30.2 percent. The company continued to open new stores, generate employment, and contribute to the national economy despite the pandemic. Having opened 667 new stores in the first 9 months of 2020, ŞOK Marketler provided new employment opportunities to approximately 5,000 people. The total number of stores reached 7,882 and number of employees increased to 34,634.

Uğur Demirel: “We continue our investments and provide employment despite the pandemic”

Commenting on the first 9 months of 2020, ŞOK Marketler CEO Uğur Demirel said: “We continue our investments and provide employment to our people despite the pandemic, with the aim of offering affordable and high quality products to all customers in 81 cities in Turkey. Together with our employees and business partners, we work tirelessly to make sure that our customers have access to reliable food products. We develop the shopping experience through innovative and digital solutions in line with the rapidly changing expectations and needs of our customers. Accordingly, we will continue to invest in our CepteŞok (Şok in Pocket) e-commerce business.”

About ŞOK Marketler Tic. A.Ş.:

Established in 1995, ŞOK Marketler Ticaret A.Ş. joined Yıldız Holding in August 2011 with its 1,200 stores. As of September 2020, the company serves its customers with 7,882 stores in 81 cities, more than 34 thousand employees, a unique business model, a digital infrastructure that fits the requirements of modern retail, and strong and dynamic human resources. Having totally renewed its store concept in 2016, ŞOK Marketler offers popular branded products with affordable prices in stores located in residential areas so as to meet almost all basic needs of consumers. In addition, it restores deep-rooted, popular, high quality, and affordable original brands of the past, which were left in the margin due to various reasons, including Mis, Piyale, Mintax, Amigo, Evin, and reintroduces such brands to the economy. These brands are offered to customers together with other well-known brands of the market. ŞOK Marketler operates with the vision of making sure that every customer leaves the store satisfied with a comfortable, high quality and affordable shopping experience. Offered to public in May 2018, the Company’s shares are traded on Borsa İstanbul with the code SOKM.

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