TURKISH KNITWEAR INDUSTRY UPS ITS GAME TO SEIZE EUROPE SALES – BUT HOW LONG WILL IT LAST?
December 1st, 2010
BY SAMI HALABI
THE KNITTING industry in Turkey is undergoing a paradigm shift as its business model moves from one that relied on margins to one that is dependent on quantity. The economic downturn of late 2008 and 2009 left the industry in a situation with stock orders down to a minimum and the industry having to adapt to a new market dynamic.
"Turkish production used to be full of small knitting shops but now they cannot get the kind of margins they used to, and so many have had to close down," said Irfan Yocular, president of Nit Örme, an Istanbul ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.