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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
lzmir's apparel retail industry hit hardest by recession
23 Apr '09
1 min read
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.
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
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