Turkish retailers rely on the domestic market

During 2015, the sales of H&M in Turkey jumped by 64%,as the Swedish fast-fashion retailer has tripled stores in the country in the past 12 months. In the grocery retail sector, the annual turnover of Migros Ticaret rose by 16% to €2.9 billion. The group, 20% owned by the British BC Partners, opened 257 food stores in 2015, reaching 1,410 stores in total. Migros also added 3 new stores in Kazakhstan and 5 in Macedonia. In 2016, it expects to add about 175 stores and to register double-digit...