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ORTAKALAN
April 1, 2024
High costs, interest rates hitting retailers: Association
High costs and high interest are taking their toll on Türkiye's retailers with the outlook in the industry in the coming months remaining bleak, says Sinan Öncel, the president of the United Brands' Association (BMD), citing a recent survey

Costs of retailers are twice the inflation rate and loan interest rates are running at around 60 percent to 65 percent, according to Öncel.

Retailers’ operational costs soared more than 100 percent over the past one year, he said, adding that due to high customs duties, the price local retailers pay inputs login or sign up to read the complete news...