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Talking strategy: Tahir Gürsoy of Mithat Clothing discusses the trends and challenges in the Turkish apparel industry and retail scene
published in Issue 17, 1st Quarter 2012
The textile and apparel industry plays an important role in Turkeys economy, which is expected to be one of the worlds fastest growing emerging economies over the next few years. In 2011 apparel exports increased by 10.3% to US$15.7 bn while textile exports increased by 22.3% to US$9.3 bn. Turkey also has a strong domestic market for clothing, and this is expected to increase at retail level by an average of 12.4% per annum between 2012 and 2016. In "Talking Strategy" this quarter, Tahir Gürsoy, the general manager and chief executive officer (CEO) of Mithat Clothing, a manufacturer of ready to wear products based in Turkey, discusses the key trends and challenges in the Turkish apparel manufacturing sector and the rapidly evolving domestic retail scene. In particular, Mr Gürsoy provides valuable insight into what it is like for a Turkish company trading in the current economic climate.
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