Home / Knowledge / News / Apparel/Garments / lzmir's apparel retail industry hit hardest by recession
lzmir's apparel retail industry hit hardest by recession
23
Apr '09
Large numbers of businesses are shutting their doors every day, due to global financial crises. lzmir's textile and fashion industry is the one that has experienced the hardest hit of this economic crisis.

Because of this financial crisis, many textile and fashion stores in lzmir's Mimar Kemalletin have closed and many textile machineries have fallen silent.

The stores that have emptied, because of the devil called financial crises, are finding it hard to get new renters and the stores that are rented are facing shut down within a few months. Apart from this, many business persons may be compelled to sell their assets due to this financial crisis.

Businessmen in Turkey were expecting the things to change after the local elections, but the small businesses haven't got any support and benefit for their business. The small businessmen here are not even generating the profits for the things they produce.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search