ŞOK Marketler continues to contribute to the Turkish economy with a strong sales growth of 60 percent and the employment it provides for 40 thousand people in the first quarter of 2022.  

ŞOK Marketler has disclosed its financial results for the first quarter of 2022 to Public Disclosure Platform (KAP). The company continued to contribute to the national economy with its investments and employment for 40 thousand people, and in the first quarter of 2022, its revenue has reached TRY 10.2 billion by a year-on-year increase of 60 percent. With new store openings in the first quarter of the year, total number of stores exceeded 9 thousand and investments in Cepte ŞOK, online shopping application of ŞOK Marketler, continued to grow at an impressive pace.  

Demirel: “We significantly contribute to the fight against inflation”

Stating that they continue to deliver quality products to its customers at affordable prices, ŞOK Marketler CEO Uğur Demirel said: “We continued to invest in stores, warehouses and Cepte ŞOK application without slowing down in the first quarter of 2022. Offering quality products produced by thousands of farmers, as well as small and medium sized enterprises across Turkey, at affordable prices to our customers, we also significantly contribute to the fight against inflation. We continue to provide value added to both households and the national economy. In order to meet the increasing demand and make deliveries on time, we have invested approximately TRY 60 million in Cepte ŞOK in the past two years. With this investment, we provided an additional employment for 1,300 people.  In accordance with our goal of providing a better shopping experience, our innovations in e-commerce and digitalization will continue without slowing down.”

About ŞOK Marketler Tic. A.Ş.:

Established in 1995, ŞOK Marketler Ticaret A.Ş. joined Yıldız Holding in August 2011 with 1,200 stores. As of March 31, 2022, the company serves its customers with 9,523 stores in 81 provinces, 40 thousand employees, a unique business model, a digital infrastructure that meets 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 along with other well-known brands of the market. ŞOK Marketler operates with the vision of ensuring 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.