Looking at the current situation, Kiğılı said that the retail was experiencing the most difficult period, and that the transformation is essential at the point reached.
Kiğılı said that no longer shopping malls to be opened in Turkey. Noting that there are 10 shopping centers also will be eliminated each year by 5 percent, 50 malls of 450 do good job in business. Kiğılı entered the most difficult period of Retail. I have been in this industry for 54 years, I have not seen a bigger crisis than that, he said.
The veteran name of the textile and apparel industry, Kiğılı, Chairman of the Board of Directors, Abdullah Kiğılı made evaluations regarding the economic situation. Looking at the current situation, Kiğılı said that the retail was experiencing the most difficult period, and that the transformation is essential at the point reached. "We close inefficient stores. We are making renovation investments. In addition to opening stores in new locations, we are also expanding our square meters in existing markets," said Kiğılı.
"We renewed 12 stores in 2019. Our renewal investments will continue. Considering that we spend 400 thousand TL in a store, we allocated 5 million TL in 2019, just to renew the store," he added.
Kiğılı that she should no longer be opened shopping mall in Turkey, said the 10 existing shopping centers also will be eliminated by 5 percent each year, "Good job, except that 50 AVM 450 AVM work really hard," he said. Stating that shopping malls should get a rent on sales in order not to miss the tenant, Kiğılı said, “Otherwise, they will not be able to hold the tenant in their hands. Tenants will also prefer to close the shop instead of damaging it. We entered the most difficult period of retail. I have been in this sector for 54 years, I have not seen a bigger crisis than this. ”