"Turkish retail traders pessimistic about winter
Posted by retailigence on September 11, 2008
Turkey’s retail sector, which saw stagnation in 2007 due to the global credit crunch as well as domestic uncertainties, has also declared this year “a loss”, business daily Referans reported.
The sector, which launched this year’s winter season range with prices equivalent to, or 10 percent lower than last year’s, is still facing shrinkages ranging from five to 20 percent. The increase in “square meters” is far more than turnover, said Nusin Oral, referring to the opening of new stores. Oral is the head of the Turkish Council of Shopping Centers and Retailers, or AMPD."
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