Şok Explained

ŞOK Marketler Ticaret A.Ş.
Type:	Anonim Şirket
Industry:	Discount store
Location City:	Istanbul
Location Country:	Turkey
Area Served:	Turkey
Key People:	Uğur Demirel (Chairman)
Products:	Basic food items and consumer goods
Net Income:	67 million (2018)^[1]
Num Employees:	27.135 (2018)
Subsid:	Migros

ŞOK Marketler Ticaret A.Ş. is a discount market chain based in Turkey. It was founded by Migros in 1995 and was acquired by a consortium led by Gözde Girişim, one of Yıldız Holding companies, in August 2011. It is headquartered in Üsküdar district of Istanbul.

History

ŞOK Marketler Ticaret A.Ş. started its operations in 1995 by opening 13 stores.^[2] The aim was to establish a widespread network of small-sized stores that were cheap and low-cost, and to employ fewer personnel and reduce costs with the features of the shelving system.

The company decided to grow again in 2015 and reached 4,000 branches according to data dated December 30, 2016.^[3] It entered the internet industry in 2021 and founded Şok Net.^[4]

Notes and References

1. Web site: 31 December 2018. 23 January 2020. https://web.archive.org/web/20200123170243/https://www.sokmarketyatirimciiliskileri.com/images/PDFs/FinansalRaporlar/31122018-SPK-Rapor.pdf. Şok. 2018 Konsolide Finansal Tablolar. live. sokmarketyatirimciiliskileri.com.
2. Web site: 15 November 2016. 15 November 2016. https://web.archive.org/web/20161115193905/http://www.migroskurumsal.com/Basin-Aciklamasi.aspx?BasinAciklamasiID=82&height=500&width=600. Migros Basın Açıklaması. live.
3. Web site: 2 January 2017. 1 January 2017. https://web.archive.org/web/20170101195345/http://www.hurriyet.com.tr/sok-market-2017de-gunde-3-magaza-acacak-40322167. Şok Market, 4.000'inci mağazasını dün Ümraniye'de açtı.. live.
4. Web site: 15 September 2021. 15 September 2021. https://web.archive.org/web/20210915084619/https://m.haberturk.com/sok-market-internet-de-satacak-haberler-3185346-teknoloji. Şok market internet satacak.. live.