With the end of the recession by the second
half of 2010, Turkish apparel began to recover its losses by registering
positive growth throughout all categories. Increasing consumer confidence as a
result of perceived improvements of macro-economic indicators encouraged Turkish
consumers to increase their spending on apparel, especially branded products
available through apparel specialist retailers.
The increasing number of shopping centres
as part of the spatial restructuring of large Turkish cities shifted the focus
of urban lifestyles toward shopping centres as sites of consumption and
leisure. Turkish consumers prefer proper brands that they see in these shopping
centres, instead of the poorly branded alternatives, ‘non-branded’ products
available in the bazaars and small independent retailers. As Turkish consumers
become more attentive to branded apparel, the channels that offer such brands
gain prominence. Both domestic and international retailers adopt a new kind of
strategy of opening new outlets in almost every new shopping centre to increase
sales and acquire a sound share. Internet retailing also benefits from this
shift as new ‘private shopping’ sites emerge and quickly gain popularity among
Turkish consumers as they offer well-known domestic and international brands at
frequent discounts.
Get a copy of this report @ http://www.reportsnreports.com/reports/142966-apparel-in-turkey.html
Report Details:
Published: November 2012No. of Pages: 101
Price:US$1900
Turkish apparel is expected to record
positive volume growth over the forecast period, yet this will not translate
into value growth because of the declining unit prices. Even though Turkish
consumers may trade up, preferring branded apparel over non-branded
alternatives, the weight of non-branded apparel will still remain significant
to exert downward pressure on prices.
Product coverage: Clothing, Footwear.
Data coverage: market sizes (historic and forecasts), company shares, brand
shares and distribution data.
Why buy this report?
* Get a detailed picture of the Apparel
market;
* Pinpoint growth sectors and identify
factors driving change;
* Understand the competitive environment,
the market’s major players and leading brands;
* Use five-year forecasts to assess how the
market is predicted to develop.