Published On: Thu, Jun 1st, 2017

Online shopping portal Markafoni ends its activities in Turkey

When we look at the “online shopping business” in Turkey we can see the sector enjoys much demand and yıung people – as well as other age groups – in specific have adopted to habit of purchasing online. This fact has made it possible for many online shopping web portals to operate in the county in a short time.

However the sector experienced a surprise yesterday, when Markafoni, a fashion and shopping site that has been serving in Turkey since 2008, announced that it would end its operations in Turkey.

The first message of the site was published on its blog and stated that a sufficient profitability was not achieved in order to ensure the sustainability of the business and also the prevailing business environment was difficult for such a business model. The information reported by the main group Naspers, which the company was affiliated with last night, was announced to the public today.

We still believe online shopping sector is a very promising option for entrepreneurs wishing to do business in this country as Turkey has a very young population with much and growing interest in the internet phenomena and always ready to buy somethings on the web.

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