Retailing Sector in Turkey

In: Business and Management

Submitted By burcuorhan89
Words 4919
Pages 20
RETAILING INDUSTRY in terms of Food- Non Food

* Sectorial Overview;
Retailing is the business activity that involves selling products/services to customers for their non-commercial, individual or family use. Normally, retailing is the final stage of the distribution process.
The middle and long term potential of Turkey retail industry continue remaining attractive. Companies in sector support the sectorial expansion with their expansion strategies, negative business administration fund and powerful cash creating capabilities. The defensive structure of sector and low penetration strengthen this situation.
With the increase in consumer demand, rapid urbanization, increase in large scale retail investments the number of shopping malls in Turkey increased by more than 20% in the last two years. In the same period, the total surface rent area in Turkey increased by more than 30% and reached
As it can be seen on the graph below; the total size of the retail sector (organized and unorganized) in Turkey is expected to reach $355 billion in 2013 and grow with 10% until 2016. (See Figure 1 in Appendix)

Organized retail, a highly promising segment due to increasing per capita consumer spending and relatively weaker presence up to now in comparison with developed markets, is estimated to be 40% of the total retail industry in Turkey. (See Figure 2 and Figure 3 in Appendix)

* The share of organized retail continue increasing;
The share of organized retail which has the level of %25 in the total retail market in 2000 exceeds the levels of %50 according to the 2013 predictions. Turkey organized retail market achieve an impressive growth in last 10 years. It is anticipated that the share of organized retailers increase from the level %47 to the level %60 in upcoming 5 years. It is anticipated that the share of organized retail increases to the level of %60…...

Similar Documents

Retailing

...best suited to be located in a lifestyle center. 4. Why are some shopping centers and malls now using big-box stores such as Home Depot, Bass Pro Shops and Kaplan’s as anchors? Aren’t anchor stores supposed to be department stores? Perhaps, some shopping centers and malls are now using big-box stores because these stores are more likely to attract customers who are then expected to patronize the other shops in the mall. These stores sell a huge variety of products which make it possible to be a magnet for more customers. Yes, anchor or big-box stores are also considered as department stores. 5. What lines of retail trade do you believe will be most affected by growth of retailing on the Internet? I think the store-based line of retail trade will be the most affected by the growth of retailing on the internet because, in all honesty, Internet has the ability to reach customers anytime and anywhere. It gives more convenience and access to the consumers. 6. Why isn’t Walmart a good choice to be an anchor at a mall? Walmart isn’t a good choice to be an anchor at a mall because of the fact that it is the largest retailer in the world. It will only sort of take over the entire place or mall. This big-box retail store will eventually drive the other small and independent businesses away. If that will happen, sooner or later Walmart will kill the mall traffic. 7. How have improvements in the user-friendliness of GIS mapping technology caused retailers to become......

Words: 2701 - Pages: 11

Turkey

...Topic sentence: There are many reasons why Turkey is a popular destination for tourists. Turkey has long been very popular with tourists. In 2011, the country welcomed 31.4 million international tourists, making it the 6th most popular tourist destination in the World, behind only France, the US, China, Spain and Italy. This year, these numbers will probably increase further. There are a number of reasons to explain why Turkey is such a popular destination. Turkey has an incredible variety of nature. Nearly every region has its own distinguishing natural features. Thus, you can find lush forests along the Black Sea coast, desert landscapes in the South-East, beautiful beaches along the west and south coasts, and huge mountains scattered throughout the interior. There are also unique natural attractions, such as the rock formations in Kapadokya and the hot springs of Pamukkale. This means that, whatever season they arrive in, tourists can find something to do. In summer they can laze on the beaches, in spring and autumn go hiking, and in winter go skiing on Uludag or in the mountains around Kars and Erzurum. Turkey also has a lot of historical sites. Over the past two millenia and more, the country has been home to many different peoples, cultures and empires, and almost all of them have left traces. Istanbul is the most famous destination in this regard. Here, tourists can find world-famous monuments such as the Hagia Sophia church, built by a Byzantine emperor,......

Words: 513 - Pages: 3

Turkey

...World War I The Ottoman Empire joined Germany and Austria (the Central Powers) during World War I (1914-1918) and collapsed after their defeat. The YoungTurks who controlled the government, anxious to have an all-Muslim empire, saw the chance to get rid of the Christian Armenians. Evacuations and killings during the Armenian genocide of 1915 left 600,000 dead and eliminated all the Armenians inside Turkey. The British expected easy victories, and sent armies into Mesopotamia (Iraq), which were badly defeated, and landed at Gallipoli in order to capture Istanbul, but failed badly in 1915. However, the British were successful in moving from Egypt to conquer Palestine, using the aid of Arab nationalists stirred up by British officer Lawrence of Arabia (T.E. Lawrence). Winston Churchill and other top British leaders envisioned an operation in which they placed their strength against Ottoman weakness. Instead of engaging a feeble opponent, however, the British faced the best-trained and best-led divisions in the Ottoman army and were up against the most heavily fortified and well-prepared positions in the Ottoman Empire. In command and control the Ottoman army performed well at all levels, and Ottoman soldiers proved to be effective fighters on the defensive. The Germans, furthermore, provided very talented generals and senior staff members to aid and help direct the Ottoman effort. As a result the Ottoman army fought the British to a stalemate, leading the British to abandon...

Words: 623 - Pages: 3

Mnc's Effect on Local Businesses in Retailing Sector (India)

...MNC's Effect on Local Businesses in Retailing Sector (India) Contents Abstract 1 Introduction 2 Literature Review 2 Effect of MNC’s into Indian Retail Market 5 Advantages 5 Disadvantages 7 Hypothesis 8 Conceptual Model 8 Conclusion 10 References 10 Abstract Globalization paved the way for entrepreneurs to expand their wings beyond their respective counties. MNCs exploit the business opportunities in other countries based on the FDI policies in those countries. This has both advantages and disadvantages to the target country. The MNCs have their impact on the economy and people of countries in which they operate business. This paper focuses on the impact of MNCs on local businesses in retail sector in India. The report review existing literature which provides insights into FDI policies in India, the level of FDI allowed by Indian government with respect to single –brand and multi-brand foreign companies, the advantages, opportunities, risks, threats and disadvantages of allowing MNCs into retailing sector in India. Introduction Retailing is the business taking up by individuals or families in India. Generally mom and pop kind of businesses operate in retail sector. The retail sector has tremendous growth in India. Moreover retailing is a profitable business in India. Since India is the country with huge population, naturally it is the correct destination to foreign investors to get profits from the market. India has been traditionally depending...

Words: 2743 - Pages: 11

Turkey

...Business 1. Turkey has been one of the fastest growing economies in the last 10 years. What have been the main drivers of this rapid growth? a. Fast recession recovery: The painful experience of 2000-01 meltdown that lead to an increase in public debt from38% to 74% of Turkey’s national income, made Turkey better prepared to handle the next crisis. b. Attractive foreign direct investment destination, which grew 20 times from 1990s c. Young and vibrant demographics: Current population of 72 mil with an average age of 29 that makes the young entrepreneurs amongst industrious people d. Europe’s 6th and the world 16th largest economy. e. Strong financial sector and one of the biggest exporter of construction material(cement), car, textile, and agri-business f. Soring share of export to middle east g. Relatively low labor costs compared to higher costs European labor market h. Recent advancement in medium to high-tech sectors i. Recent betterment of the neighboring markets: Russia, Iran, other Middle east countries j. GDP growth rate at 6% between 2002-08 k. Inflation of 9% from 75% a year in 1990s. l. Utilizing its Special geographic location to be the energy corridor amongst Europe ,Middle east & North Africa m. Attempt to normalize relations with all neighboring countries including Armenia. n. Keen and long-term interest in becoming an EU member 2. Which sectors......

Words: 525 - Pages: 3

Retailing

... | |Buyers possess a credible backward integration threat - can threaten|Large auto manufacturers' purchases of tires | |to buy producing firm or rival | | |  | |Buyers are Weak if: |Example | |Producers threaten forward integration - producer can take over own |Movie-producing companies have integrated forward to acquire | |distribution/retailing |theaters | |Significant buyer switching costs - products not standardized and |IBM's 360 system strategy in the 1960's | |buyer cannot easily switch to another product | | |Buyers are fragmented (many, different) - no buyer has any |Most consumer products | |particular influence on product or price | | |Producers supply critical portions of buyers' input -......

Words: 6717 - Pages: 27

Retailing

...What is Retailing?  Retailing involves selling products and services to consumers for their personal or family use.  Department stores, like Burdines and Macy's, discount stores like Wal-Mart and K-Mart, and specialty stores like The Gap, Zales Jewelers and Toys 'R' Us, are all examples of retail stores.  Service providers, like dentists, hotels and hair salons, and on-line stores, like Amazon.com, are also retailers.Many businesses, like Home Depot, are both wholesalers and retailers because they sell to consumers and building contractors.  Other businesses, like The Limited, are both manufactures and retailers.  Regardless of other functions these businesses perform, they are still retailers when they interact with the final user of the product or service. | | Indian retailing Retailing in India is one of the pillars of its economy and accounts for 14 to 15 percent of its GDP.[1][2] The Indian retail market is estimated to be US$ 500 billion and one of the top five retail markets in the world by economic value. India is one of the fastest growing retail markets in the world, with 1.2 billion people.[3][4] As of 2013, India's retailing industry was essentially owner manned small shops. In 2010, larger format convenience stores and supermarkets accounted for about 4 percent of the industry, and these were present only in large urban centers. India's retail and logistics industry employs about 40 million Indians (3.3%......

Words: 339 - Pages: 2

Marble Sector in Turkey

...MARBLE INDUSTRY IN TURKEY SİNAN ÜNLÜ S000192 FATİH YILMAZ Mezunlar Grubu 2014 INDEX EXECUTIVE SUMMARY…………………………………………………………………3-4 DESCRIPTION OF SECTOR AND PRODUCT…………………………………………5-6 GENERAL INFORMATION ABOUT SUPPLY AND DEMAND……………………...6-10 Turkey’s Natural Stone Reserves Turkey’s Natural Stone Production Conditions Turkey’s Marble and Tiles Production Capacities and Conditions TURKEY’S NATURAL STONE FOREIGN TRADE……………………………10-11 Import Export Turkey’s Demand for Finished Goods SWOT…………………………………………………………………………………..12-15 PORTER’S FIVE FORCES…………………………………………………………..16-19 MARBLE SECTOR IN THE WORLD………………………………………………19-20 CONCLUSION…………………………………………………………………………21 BIBLIOGRAPHY……………………………………………………………………….22 Page 2 Mezunlar Grubu 2014 Executive Summary Natural stones have been a symbol of civilization for ages and societies use marble for art, buildings and their living areas and we know that natural stone industry is one of the oldest industry on the world. In these days, usage of marble is increasing and this situation brings marble sector important situation in Turkey. Companies who doing business in this sector, face of some competition because building materials are becoming every day more popular. Natural stone industry is one of the potential profitable industry in the world. Page 3 Mezunlar Grubu 2014 In local and international marketing managers decide that how they will increase their sales and they should analyze industry and......

Words: 3826 - Pages: 16

Turkey

...For the past 10 years, Turkey has grown its real GDP at about 6% annually. This came after a huge debt crisis in 2001-02, wherein Turkey had to borrow $16 billion more from the IMF and comport with its difficult conditionality. Today, Turkey is a middle-income country in search of an effective development strategy. It tends to run high inflation with a devalued currency, despite massive capital inflows and a huge current account deficit. At home, the government has carefully managed between Islamicization, democracy and secularism. And abroad, it deals with a difficult neighborhood – Syria, Iran, Iraq, Israel (not to mention Russia, Europe and the USA). Prime Minister Erdogan is trying to rewrite the Constitution before 2014, when the next election occurs. 1. What have been the strengths and weaknesses of Turkey’s growth model? 2. What is causing the current account deficit? What can Turkey do about it? 3. What do you make of Islamicization in Turkey? Has it gone too far? Will it? 4. What do you make of the government’s foreign policy – “zero problems with its neighbors”? Country Background: • Land Mass; 97% in Asia 3% in Europe • 8400 Km Coast Line. (Mediterranean & Black Sea) Rivers: Tigris & Euphrates • Population 75 mm growing at 1.2% annually. 99% Moslem of which 30% Kurdish roots • 26% of population under 15 Years. • Economic activity dominated by Services 64%, then Industry 27 % then Agriculture 9% • Informal economy (unregistered) is a......

Words: 1946 - Pages: 8

Turkey

...When comes to caring for people in the medical field we come across many different cultures and traditions, which we as medical professionals need to take into consideration. Traditions are defined as behaviors learned, shared, and passed on from generation to generation by a certain culture or group of people (Yılmaz, Kısa, Zeyneloğlu, & Güner, 2013). The culture of Turkey is a combination of modern and western, along with traditional religious as well as historic values. “In Turkish culture, it is believed that the Koran (Holy book of Muslims) is curative so beliefs are found such as ‘reading the Holy Koran verses into water’ and patients’ drinking the water in order to facilitate healing” (Yılmaz, Kısa, Zeyneloğlu, & Güner, 2013, p. 69). There is a major tradition of separation of church and state in Turkey, which recognizes religious freedom and protects certain religions. When it comes to communication, Turkish is the primary language used, but depending on the region one comes from different languages and dialects are used. Using translators and interpreters is a common form of communication if English is not spoken (YILMAZ, BALCI, ALTIOK, TÛRKLEŞ, ÔZCAN, & KUYURTAR, 2013). Traditionally the head of the family, the male, is the one who should be addressed when discussing any type of medical issues. Today, usually both the male and female are addressed concerning anything medical (Kocaman, Seren, Lash, Kurt, Bengu, & Yurumezoglu, 2010). The Turkish......

Words: 1666 - Pages: 7

Energy Sector in Turkey

...The Energy Sector: A Quick Tour for the Investor November 2013 Investment Support and Promotion Agency of Turkey ©2013 Deloitte Türkiye. Member of Deloitte Touche Tohmatsu Limited Disclaimer Republic of Turkey Prime Ministry Investment Support and Promotion Agency (ISPAT) submits the information provided by third parties in good faith. ISPAT has no obligation to check and examine this information and takes no responsibility for any misstatement or false declaration. ISPAT does not guarantee the accuracy, currency, reliability, correctness or legality of any information provided by third parties. ISPAT accepts no responsibility for the content of any information, news or article in the document and cannot be considered as approving any opinion declared by third parties. ISPAT explicitly states that; it is not liable for any loss, negligence, tort or other damages caused by actions and agreements based on the information provided by third parties. Deloitte accepts no liability to any party who is shown or gains access to this document. The opinions expressed in this report are based on Deloitte Consulting’s judgment and analysis of key factors. However, the actual operation and results of the analyzed sector may differ from those projected herein. Deloitte does not warrant that actual results will be the same as the projected results. Neither Deloitte nor any individuals signing or associated with this report shall be required by reason of this report......

Words: 5179 - Pages: 21

Turkey

...billions of dollars from the country with a single signature continue to be appreciated and hailed. As their deeds -- or rather, corrupt practices -- are not clearly defined as offenses in law and therefore are not reprehensible, they are not punishable under laws. As a political leader remarked in the wake of the graft and bribery probe of Dec. 17, 2013, a bribe is defined as small sums (such as $5 or $10) a civil servant takes from citizens. According to this approach, politicians and contractors are not, by definition, civil servants, and therefore the fraudulent transactions amounting to millions of dollars between them are not bribes. Public procurement law amended about 170 times It is true that many investments have been made in Turkey, effectively turning the country into a vast construction area during the last decade. During this period, the public procurement law was amended about 170 times. Were these amendments made in an effort to safeguard public interests or with the intention of ensuring benefits to contractors and politicians and bureaucrats affiliated with them? A country's administration, particularly including the power to dispose material resources in the country, is a major source of power. Even if they come to power through legitimate methods, the people or organization that have the power to use the country's material resources may, over time, succumb to the lure of power and material endowments. Unless they act with extra care and attention......

Words: 1840 - Pages: 8

Turkey

...About Founded in 1926, Koç Holding has become not only one of the largest and most successful groups of companies in Turkey but also in Europe, by staying one step ahead of change throughout its journey of 80 years. Adamant in observing in all its operations the principles and ethical values of administering corporate governance, undertaking social responsibility and providing environmental protection at international standards, the Koç Group is a global player constantly moving toward its objective of duplicating its success in Turkey at the global scale. Consumer Durables Developments in the durable consumer goods sector In 2014, the white goods market is estimated to have grown 2.4% and the LCD TV market by 1.6% worldwide over the prior year. The European white goods market, one of Arceliks main markets, expanded about 4% over the previous year. While the growth in the Western European market neared 4%, the Eastern European market grew 5.6% due to rapid market growth across the region during the last quarter. In the Middle East and North Africa, upheavals across the region have created significant pressure on the markets. The white goods market contracted over 10% in Egypt, and by nearly 3% in South Africa, the largest and most developed economy on that continent. Turkey remained the largest production hub in Europe for the white goods sector. According to data by the Turkish White Good Manufacturers Association (BESD), exports in the white goods grew 5%......

Words: 2060 - Pages: 9

Retailing

...Functions of retailing From the customer point of view, the retailer serves him by providing the goods that he needs in the required assortment, at the required place and time.  1. Arranging Assortment:manufacturers usually make one or a variety of products and would like to sell their entire inventory to few buyers to reduce costs. Final consumers, in contrast prefer a large variety of goods and services to choose from and usually buy them in small units.    2. Breaking Bulk: to reduce transportation costs, manufacturer and wholesalers typically ship large cartons of the products, which are then tailored by the retailers into smaller quantities to meet individual consumption needs  3. Holding stock: Retailers maintain an inventory that allows for instant availability of the product to the consumers. It helps to keep prices stable and enables the manufacture to regulate production.  4. Promotional support: small manufacturers can use retailers to provide assistance with transport, storage, advertising, and pre- payment of merchandise.  The Retailer also serves the manufacturers by  1. Accomplishing the function of distributing the goods to the end users  2. Creating and Managing a channel of information from manufacturer to the consumer 3. Act as a final link in the distribution chain  4. Recommending products where brand loyalty is not strong or for unbranded products. The Role of the Retailer by Pride Scott Wright  while the companies......

Words: 3731 - Pages: 15

Retailing

...------------------------------------------------- Retailing A person who can communicate well, convince people easily, and sell something right off, fit well in the retailing business. By serving as the middleperson of producers and consumers, a retailer can earn money easily by selling food, apparel, home furnishings, appliances, automobile parts, and many other kinds of goods. Retailing is selling goods directly to consumers. This entrepreneurial activity is based on the understanding that while a customer keeps buying and never lets up, there are actually certain factors that keep a retailer’s sales up. Consumables and other products with recurring sales value have to be placed regularly on the customers’ homes and ultimately on the retailers’ shelves. Types of Retailing 1. Store-based retailing – Store retailing can take form of an over-the-counter service or a self-service store, a big department store, or a small kiosk offering a variety of goods. Store retailers operate on a fixed location which can draw a lot of walk-in customers. * Supermarket a large self-service store that carries a wide variety of household, food, and laundry products. Examples are Rustan’s Supermarket, SM Supermarket, and The Landmark Supermarket. * Convenience store a retail store that is located near a residential area that is usually open 24 hours a day , 7 days a week. Examples are Ministop, 7-Eleven, Shell Select, Caltex Starmart, and Petron Treats. The growth of the......

Words: 1813 - Pages: 8