BMI View: Turkey's retail industry benefits from a large urban population that is enjoying steadily rising
incomes. Over our five-year forecast period to 2020 we expect economic growth to be fairly slow but
steady, averaging 3.3% a year. This growth will support a ris ..."
BMI View: The impact of Russian sanctions, the refugee crisis and terrorist attacks will be marked on the
Turkish retail sector. Economic confidence began to improve again late in Q116 and is likely to continue to
grow throughout the year. We expect a healthy increase ..."
"The Future of Retailing in Turkey to 2020" is based upon an extensive, cross-country, industry research program which brings together Verdict Retail's research, modeling, and analysis expertise in order to develop uniquely detailed market data ..."
BMI View: With a population of 79.6mn in 2016, rising to 82.3mn in 2020, Turkey is the second largest
country in Central and Eastern Europe and a key retail market. The largest market, Istanbul, has a thriving
retail market, with a large number of new shopping malls u ..."
BMI View: While Turkey's economy has underperformed over the past few years, the recently elected AK
Party has vowed to initiate a series of reforms to boost the economy and ensure the country retains its
reputation as one of the world's most important economies. Furt ..."
Food and grocery is by far the largest product sector in Turkey in terms of share of total retail sales. This sector is expected to witness a robust CAGR of 4.4% over the forecast period to reach TRY256.7 billion by 2019. Turkish consumers stil ..."
Sales of electrical and electronics appliances accounted for 9.4% of total retail sales in 2014. Stable economic conditions and increasing consumer confidence helped the growth of sales in electrical and electronics market in the country. Incre ..."
Clothing and footwear are two major product sectors in Turkey accounting for 14.4% of the total retail sales in 2014. A rise in disposable incomes, increasing use of credit cards, and changing preferences towards branded products are major fact ..."
Sales of home and garden products accounted for 3.4% of the total retail sales in 2014. Ongoing real estate developments and changing lifestyles in Turkey have helped home and garden products to achieve buoyant growth. Urbanization and rising p ..."
The retail sector in Turkey saw robust growth over the past few years and the trend is set to continue through to 2019. Strong domestic demand, increasing trade, and the rise in foreign investments are driving the growth of retail sales. Furthe ..."