Turkey Represents one of the Fastest Growing Economies in the World, Says the New Study on ASDReports

Wednesday 3 September 2014, Amsterdam

The country‘s GDP experienced a CAGR of just under 11% (based on TRY billion values) over 2007–2013. Turkey‘s economy in 2013 had nearly doubled in size since 2007, led by strong domestic demand, trade and increases in foreign investments. Recovery of other European markets, especially those that are export destinations, will further fuel the growth of economy over the next five years. However, political unrest can influence its short term prospects.

The difference

• The report provides a comprehensive overview of Turkey’s retail market for companies already operating in and those wishing to enter the Turkey’s market which is ideal for up and coming businesses looking to enter the market

• Benefit from a detailed analysis of vital economic and population trends which are influencing the retail market
• Understand which channels will be the major winners and losers over the coming years and plan accordingly, with a comprehensive coverage covering 6 sub-product sectors that include: Men’s Clothing, Women’s Clothing, Children’s Clothing, Men’s Footwear, Women’s Footwear, Children’s Footwear

Some of the great highlights of this report

Clothing and footwear sector is set to see more competition as international retailers continue to invest Turkish clothing and footwear retail has an ideal mix of both national and international players. While clothing and footwear specialists and department stores continue to dominate the market, the growing presence of international retailers will increase pressure on national players to compete in terms of fashion and scale. For example, Clarks, an international footwear retailer is set to open a couple of stores in Istanbul in 2014 and has plans to open 25 new stores over the next four years.