Turkish retailers abandoning offices

Turkey’s organized retailers are feeling the pain of changing consumer habits as a result of the Covid-19 epidemic and cutting costs across the board. The new fashion is to move work online to save office rents and expenses,  to reduce the prices charged to  consumers.

The fact that working conditions have  been disrupted as a result of  pandemic, also thought retail companies that  working from home does not decrease the efficiency.  This has  led to question whether it is necessary to return to the offices.

A major food retailer thinks that instead of leasing the office, the savings could be spent on  better consumer pricing. CarrefourSA General Manager Kutay Kartallıoğlu said, “Our office was closed but we did not see any disadvantages. Productivity did not drop. Is there any need to pay these rents to the offices, I am questioning? ”

Noting that many more companies can evaluate this issue, Kartallıoğlu said, “What upended the working standards  of the 21st century was a pandemic. Now there is a new normal for our administrative staff, those working in headquarters. I think many companies do not need an office. We can cut the rent as a cost and spend it for the benefit of the consumer. ”

Stating that sales  increased by 28 percent in the first quarter balance sheets of 2020 compared to the previous year, Kartallıoğlu continued: “Gross profitability fell. Almost everyone is worried throughout the world. Price fluctuations are the norm. Many different institutions are working to deal with falling demand and rising costs.”

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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.