Vice of United Brands Association Mr. Sami Kariyo who told that 12% of growth happened based last 12 months period in the sector according to Nielsen Retail Index September 2015 data, stated that they expected a 9- 10% of growth for 2016. Mr. Kariyo said they were looking at a growth more than 10% at retail with a cautious optimism due to some risks.
Mr. Kariyo who uttered that 2015 in retail sector was completed with about 338 billion dollars of turnover growth in a way purifies from inflation, also said that the turnover of 2016 for the brands of UBA could exceed 50 billion dollars. Mr. Kariyo said ‘’For 2016, we are uttering growth numbers average between 9% and 10% in total for both the brands of UBA and the retail sector. This rate could be over 10% but some risks in front of us don’t make us to be optimistic on the issue it can reach these growth rates. Therefore, we have a cautious optimism for 2016.’’
The biggest risks in 2016 are the exchange rates
Sami Kariyo emphasized that the unexpected raise on the exchange rates in 2015 affected to the leasing and the costs. Mr. Kariyo who indicated that the most important risk in 2016 as the exchange rates, said ‘’In the sense of the brands, one another threat related to the rates is that the products coming from Far East are supplied based on foreign currency. We predict that the raise on the rates will always difficult the product purchase from Far East countries which have less costly labor and production capacity. On the other hand, directing of the manufacturers in the country to the foreign currencies is a serious threat for the brands.’’
“Geopolitics Risks are threatening the Permanent Investments’’
Mr. Kariyo who evaluated the reflection of the geopolitics risks to Turkey, said ‘’The incidents happen around us cannot be expected not to affect Turkey. Here, it is essential to explain one issue clearly. On the contrary of the firms or the foreign trade firms which sell products to Russia, we are a sector which open stores and carry out direct investments that are expressed with millions of dollars in this country. The real worrisome issue here is that our permanent investments are under threat. This case is more calamity for us.’’
Kariyo who said that they worried for stability prediction as any kind of tension occurred both in the country and out of the country could risk it, he added to this words the followings ‘’Our retail brands have a leading structure at international competition. Therefore, we believe that removing of some effects which affect competitive capacity negatively and cause the consumer to have more expensive products will gain favor for the sector.’’
