Turkish Forum

Tag: Migros

  • Turkey: Migros opens 8 new stores in February

    Turkey: Migros opens 8 new stores in February

    Turkey: Migros opens 8 new stores in February

    Migros opened eight new stores in Turkey in February 2013. Six of the new stores were opened under the Migros banner and two under the Tansas banner. The company opened eleven stores in the same month last year.

    With the addition of the February figures, Migros’ year to date new store openings has reached 27. On the other hand, with the deduction of closures (i.e. 10 stores), this means the company’s net additions to its store portfolio in the first two months of 2013 is 17. We expect the company to enlarge its store portfolio in full year 2013 with 100 net new additions and the first two months’ data are in line with our expectations. The news is likely to have no material impact on the share performance.

    Source: balkans.com

  • Turkey Equity Movers: Bizim Toptan, Migros Move in Istanbul

    Turkey Equity Movers: Bizim Toptan, Migros Move in Istanbul

    July 1 (Bloomberg) — Turkey’s benchmark ISE National 100 Index lost 4.89, or 0.01 percent, to 63,264.51 at the 5:30 p.m. close in Istanbul, paring gains over the week to 1.9 percent.

    The following stocks were active. Symbols are in parentheses.

    Bizim Toptan Satis Magazalari AS (BIZIM TI), a wholesale food supplier, gained 80 kurus, or 3.1 percent, to 26.80 liras, rising for a second day. The company was added to the ISE National 100 index of Turkey’s largest companies by market value today, according to a statement from the exchange.

    Migros Ticaret AS (MGROS TI), a supermarket chain, added 30 kurus, or 1.6 percent, to 19.25 liras, its highest since June 8, after being moved into the ISE National 30 list of Turkey’s 30 biggest companies.

    –Editors: John Kohut, Linda Shen.

    via Turkey Equity Movers: Bizim Toptan, Migros Move in Istanbul.