Certain domestic brands are positioning themselves as regional players.
With Fibre2Fashion Correspondent Cindrella Thawani, Cem Negrin shares his views about Turkish apparel and textile market segment.
Turkish Clothing Manufacturers Association (TGSD), founded in 1976, with an aim to create the necessary environment for the growth of clothing and textile industry of Turkey.
Its mission is to transform the global financial crisis into an opportunity for new business initiations, meanwhile repositioning Turkish apparel industry as a global brand.
At present, TGSD has approximately 400 members, all of which are leaders in the Turkish apparel industry.
Cem Negrin serves as the Chairman of Turkish Clothing Manufacturers Association (TGSD). Moreover, he is the owner and Chairman of Negreti Tekstil. Furthermore, he is graduated from the Bosphrous University from Istanbul.
It is considered that global recession in Turkey is over since 2010. Moreover, please interpret about the present demand trends and supply?
Turkish economy is facing two risks, which is inflation and next is huge current account balance deficit. For managing the two risks, Central Bank is implementing tight monetary policy.
Due to that monetary policy, general household domestic demand is being curbed and present demand trend for clothing expenditure has slowed down and become stable.
What kind of opportunities do you see with internet retailing and sales? How it is changing the shopping scenario?
Internet retailing and sales in clothing sector is in the rapid growth phase. For the end of 2012, TCMS estimates that internet retailing and sales share would reach 10 percent in total clothing expenditures by 2.8 billion volumes.
It seems that, internet retailing and sales have large growth opportunities. However, competition is rising in internet business and consolidation seems in the horizon for the companies.