Boston, MA -- (SBWIRE) -- 06/20/2014 -- Mixed retailers in Turkey increased in current value by 15% in 2013, a higher rate of growth than the current value CAGR of 11% recorded over the review period. Much of this growth is set to be due to rising disposable income levels and the increasing number of new outlet openings in Turkey's smaller cities. Sales per outlet increased in line with improvements in the economic climate during the last two years of the review period. The performance of the category, however, faced a major challenge from the rapid growth recorded in apparel and footwear specialist retailers, the strongest competitor to department stores in the country. An increasing number of companies operating in department stores in 2013 are opening their own outlets rather than just opening concessions in department stores. For example, international apparel retailer NaraMaxx opened its first outlet in Bursa province in April 2013. Previously, the company's apparel was available only in Boyner and YKM department stores.
View Full Report Details and Table of Contents
In 2013, Boyner Buyuk Magazacilik AS maintained its leading position in mixed retailers in 2013 with a 41% value share. This was largely due to its strongly established position in the country, with 73% of total outlets in department stores under the company's ownership and control. The company owned the Carsi brand until 2004, before converting all Carsi department stores into Boyner outlets. However, in 2011, the company reintroduced the Carsi brand alongside the Boyner department stores brand. Carsi department stores mainly target middle-income consumers, whilst Boyner department stores have larger selling space and target consumers in middle-high income segments, offering some of the world's leading luxury goods brands within its merchandise. Another important development which occurred in the category in 2012 was Boyner Buyuk Magazacilik's acquisition of the YKM department stores chain. YKM was previously Boyner's closest and the most established competitor. Following its acquisition of YKM, Boyner Buyuk Magazacilik was able to establish a completely unrivalled position at the head of mixed retailers in Turkey.
Constant value growth in mixed retailers over the forecast period is expected to be driven by improvements in the economic situation and rising disposable income levels. The category is expected to increase in constant value at a CAGR of 5% over the forecast period, a higher rate of growth than the constant value CAGR of 3% recorded in the category over the review period.
Discover the latest market trends and uncover sources of future market growth for the Mixed Retailers industry in Turkey with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Mixed Retailers industry in Turkey, our research will save you time and money while empowering you to make informed, profitable decisions.
The Mixed Retailers in Turkey market research report includes:
- Analysis of key supply-side and demand trends
- Detailed market shares for international and locally-based retailers
- Historic number of stores, selling space and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- How big is the Mixed Retailers channel in Turkey?
- Who are the leading retailers in Turkey?
- How are mixed retailers competing against the growth of grocery retailers?
- Are consumers switching towards value retailers or moving upmarket?
Reasons to Get this Report
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
About Fast Market Research
Fast Market Research
is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com
or call us at 1.800.844.8156.
Browse all Retailing research reports
at Fast Market Research
You may also be interested in these related reports:
- Retailing in the United Kingdom
- Mixed Retailers in Switzerland
- Mixed Retailers in the US
- Mixed Retailers in South Africa
- Mixed Retailers in Peru
- Retailing in New Zealand
- Retailing in Austria
- Retailing in Mexico
- Retailing in the US
- Mixed Retailers in Austria