Marketing

Turkey presses strained retailers for price freezes ahead of elections

Turkey's unusual request that its retailers partially freeze prices ahead of elections has prompted some supermarkets and industry groups to warn they could only do so for a short period.

Finance Minister Nureddin Nebati asked clothing and shoe stores to launch their discount season well ahead of usual March after grocers had done the same.

Physical retail bouncing back

Uncertainty in the market led to one in three retailers running promotions or discounts even over the festive period, but more than one in four businesses had higher sales this holiday season, compared with the same period in 2021, according to a study by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE), which was released on Friday, regarding the activity of commercial stores

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