While increasing its sales revenues to TL 1.2 billion in the first quarter of 2020, Bizim Toptan also broke its own record by earning TL 148 million revenue through its business partnership supply system SEÇ Market.

Bizim Toptan Satış Mağazaları (BIZIM) is Turkey’s leading organized wholesaler with its 173 stores throughout Turkey, SEÇ Market business partnership supply system, and Prosaf professional sales force growing day by day in out-of-home consumption channel. The company has recently announced its financial statement for the first quarter of 2020. While taking the required precautions for the health and safety of its employees and customers against the global COVID-19 pandemic, Bizim Toptan has also managed to ensure uninterrupted reach to all products and most importantly to basic necessities. Thanks to its fundamental service strategy, Bizim Toptan completed the first quarter in accordance with its financial plans.

According to the statement made to the Public Disclosure Platform (KAP) for the first quarter of 2020, Bizim Toptan increased its sales revenues 15 percent compared to the first quarter of 2019 and earned TL 1.2 billion. With an organized and multi-channel sales management strategy, Bizim Toptan raised its main category sales (tobacco and sugar products excluded) by 28 percent. Gross profit increased 11 percent year-on-year to reach TL 131 million. TL 52 million EBITDA maintained its robust new normal level. Net profitability of the company was managed in accordance with the plans made at the beginning of the year despite the impact of COVID-19 and has been recorded as TL 3.8 million. The major drive in continuing sustainable and progressive growth in the first quarter of 2020 has been Bizim Toptan’s new customer and sales channel development strategy.

HÜSEYİN BALCI: “WE FULFILL OUR RESPONSIBILITY TO AVOID PROBLEMS IN THE SUPPLY CHAIN”

Commenting on the financial results, Bizim Toptan General Manager Hüseyin Balcı said: “In the first quarter of 2020, we achieved our goals despite the COVID-19 pandemic. This success is based upon our multi-channel sales strategy and our emergency plan for stock and logistics management. With 173 stores, 845 SEÇ Market business partners, internet-based ‘click and take-away’ service, and online shopping service, we continued to deliver products to every corner of Turkey. In addition, SEÇ Market business partnership supply system has broken its own record and continued its growth. As Bizim Toptan, we have a major responsibility in making sure that the Turkish people have seamless access to food and basic necessities, without any interruption in the supply chain. By taking and effectively implementing all necessary precautions for the safety of all employees and customers, we will continue to serve as a solution partner to our suppliers and customers.”

SEÇ MARKET HAS BROKEN ITS OWN RECORD

Bizim Toptan’s business partnership supply system SEÇ Market continued its growth in the first quarter. During this period, revenues gained through SEÇ Market reached TL 148 million. In line with the financial plan, number of business partners increased to 845. SEÇ Market business partners benefit from many services, including Bizim Toptan-branded and original branded products, price advantages, promotional campaigns, and payment advantages, while also enabling their own customers benefit from these as well. Services benefitted by SEÇ Market include convenience in product supply, standard corporate payment methods, vendor support system, corporate branding, campaigns, ad and discount designs, sales representatives dedicated to each vendor, regular shipment, inventory controls, sales consultancy, and benefitting from the expertise of Bizim Toptan. SEÇ Market business partners can create their own product range with approximately 5,000 products within Bizim Toptan’s portfolio, can have instant access to the inventory via a common system, and order products easily thanks to the automated suggestion system.