Turkey
This coverage explores the dynamics of Turkey’s retail market, offering valuable insights into trends, key players, and growth projections. With significant growth in organised retail and e-commerce, the sector is positioned to expand rapidly, mirroring some of the shifts seen in the UK retail market. Retail professionals and business executives in the UK can gain a global perspective on market strategies and challenges, with a focus on the rise of dominant players like BİM and Migros, which may influence UK-based retailers exploring expansion opportunities in emerging markets like Turkey.
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Jul- 2025 -18 JulyClothing & Shoes
Mango H1 turnover jumps 12% to €1.7bn amid global expansion
Mango has reported a 12% rise in turnover to €1.7bn (£1.4bn) in the first half of 2025, as the Spanish fashion company expanded its international footprint and online presence. During the period, the company opened 78 new shops and refurbished an additional 30, taking its global store count to 2,925…
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Mar- 2025 -11 MarchClothing & Shoes
Mango turnover tops €3.3bn in 2024 amid record investment
Mango has hailed its “excellent” full-year results after turnover rose by 7.6% to €3.3bn (£2.8bn) in 2024, while net profit soared by 27% to €219m (£184m), in what the group has called the “best moment of its history” amid record investment. Over the period, full-year EBITDA rose by 19% to…
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Feb- 2025 -10 FebruarySupply Chain
British retailers search for import solutions amid US tariff chaos
British retailers are looking for ways to navigate recent import changes in the US amid ongoing “chaos and uncertainty” over Trump’s new tariff regime, with some exploring a restructure of their US operations or suspending exports altogether.It comes as the president recently imposed an additional 10% tariff on Chinese-made goods,…
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Dec- 2024 -20 DecemberClothing & Shoes
Abaci selects London Designer Outlet for first UK store
Turkish womenswear retailer Abaci has chosen London Designer Outlet (LDO) for its first physical UK store after agreeing a 2-year lease to occupy a 1,418 sq ft unit. Abaci, which specialises in modest fashion, was founded in 1981 in Turkey and has since been a leader in the women’s apparel…
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16 DecemberNews-In-Brief
Today’s news in brief-16/12/24
Isak Andic, founder of the global fashion retailer Mango, has died at the age of 71 following a tragic hiking accident in the Montserrat mountains near Barcelona. Spanish media reported that Andic fell down a 150-metre ravine while exploring deep caves in the region. Born in Turkey and later settling…
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Jun- 2024 -24 JuneTechnology
Getir shareholders to split business in two amid UK market exit
Getir’s shareholders have reportedly backed a restructuring that means the Abu Dhabi state fund Mubadala will inject an investment of up to $250 (£197m) into the food delivery app, according to Sky News. This comes after Getir held a general meeting yesterday (23 June), where investors approved to split it…
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11 JunePeople Moves
Mango appoints Mango Home director amid homeware expansion
Mango is strengthening its homeware line with the appointment of Nuria Font as the new director of Mango Home. Font, who was previously director of Mango’s Wholesale Department, will begin overseeing the homeware line this month. She began her career as an auditor at KPMG. In 2006, she joined Mango…
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Apr- 2024 -25 AprilSupply Chain
Getir investors injects more cash to fund UK and Europe exit
Getir investors are reportedly set to inject more funds into the company to terminate its operations in the UK and Europe, according to Sky News. The company shareholders have drawn up provisional plans to pump tens of millions of pounds more into Getir in the coming weeks. According to sources…
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17 AprilOnline & Digital
Getir mulls asset sales amid restructuring talks
Grocery delivery app, Getir, is reportedly considering a number of asset sales as part of restructuring talks, according to Sky News. It is understood that the Turkish Group, which has expanded its presence in the UK, is in talks to offload FreshDirect, a US-based online grocer that it acquired late…
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Feb- 2024 -23 FebruaryClothing & Shoes
Zara owner expands budget brand Lefties in bid to rival Shein
Zara owner Inditex is reportedly expanding its low-priced, Gen Z-focused brand Lefties in a bid to be competitive against fast fashion rivals such as Shein. According to Reuters, the company is “quietly growing” its budget ranges as part of this strategy, including the expansion of Lefties, which sells €17.99 (£15)…
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