Recently published research from Business Monitor International, "Turkey Retail Report Q3 2014", is now available at Fast Market Research
[EUPRwire, Thu Jul 24 2014] BMI believes that the Turkish retail sector will see strong growth in future quarters as it begins to recover from a challenging period where growth evaporated, export markets shrank and consumer confidence fell. T he country's increasing urbanization, growing population and wealth creates opportunities for retail companies, increases purchasing power potential and retail demand from consumers.
The new Turkey retail report provides an extensive and comprehensive forecast of various retail indicators including household spending, and headline total spending across each retail subsector, household income and employment forecasts, demographic forecasts, and a detailed breakdown of household and per capita spending across a large number of retail areas, including food & drink, healthcare and insurance, consumer electronics, toys, pets, gardens, household goods, and a number of other subsectors.
The retail sector in Turkey is expected to see positive growth in future quarters supported by an improved economic environment. The rise of disposable incomes, the development of sophisticated shopping establishments and the entrance of new retailers will all contribute to Turkey's positive growth forecast. In addition, rapid urbanization and the growth of a key demographic population will also contribute to the country's growth.
Full Report Details at
Turkey's population is forecast to grow from 75.8mn in 2014 to almost 78.9mn by 2018. This growth will lead to a strong push for overall retail sales, especially with rising consumer spending levels and stable economic growth forecasts. Rising incomes will allow a much greater proportion of the population to regularly shop at organised stores.
The country's largest cities such as Istanbul and Ankara are experiencing rapid urbanization with the population growing at a rate of 10% each year. This trend allows the development of sophisticated shopping establishments, such as Jones Lang LaSalle's leased and managed Zorlu Center, to host well...
The Turkey Retail Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.
BMI's Turkey Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.
* Benchmark BMI's independent retail industry forecasts for Turkey to test other views - a key input for successful budgeting and strategic business planning in the Turkish retail market.
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