Illustration Logo

Illustration Logo

The Migros supermarket logo on the facade of a supermarket in Bienne, Switzerland, on March 29, 2024. Photo by Laurent Coust/ABACAPRESS.COM

Illustration Logo

Illustration Logo

The Migros bank logo on the façade of a branch in Bienne, Switzerland, on March 29, 2024. Photo by Laurent Coust/ABACAPRESS.COM

Illustration Logo

Illustration Logo

The Migros bank logo on a cash dispenser in Biel, Switzerland, March 29, 2024. Photo by Laurent Coust/ABACAPRESS.COM

Turkish retailers heed gov't appeals to freeze prices amid high inflation

STORY: Turkish retailers heed gov't appeals to freeze prices amid high inflation DATELINE: Jan. 26, 2023 LENGTH: 00:03:40 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets at cashpoints and supermarkets in Türkiye 2. SOUNDBITE 1 (Turkish): SEMRA TOPRAK, Pensioner 3. SOUNDBITE 2 (Turkish): SAHIN DURAK, Self-employed person STORYLINE: Responding to the appeals by the government, major retailers in Türkiye have launched an initiative to freeze prices and even offer discounts on many daily essential goods despite the country's steep inflation rate. A fresh wave of price increases swiped the country after the Turkish government announced a 55-percent increase in the minimum wage for 2023 in December 2022. This prompted Nureddin Nebati, minister of Treasury and Finance, to warn shops against "unfair pricing." Supermarket chains, such as Migros and discount retailers Sok, BIM and A101, announced at the start of the year that they will freeze the price of thousands of daily goods f

Turkish retailers agree to reduce prices to curb inflation

STORY: Turkish retailers agree to reduce prices to curb inflation DATELINE: Jan. 7, 2023 LENGTH: 00:01:07 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Istanbul 2. various of shops in Istanbul STORYLINE: Major retailers in Türkiye have agreed to freeze the price of some consumer goods to curb inflation after a series of talks with the government. Yavuz Altun, chairman of the Retail Committee of the Istanbul Chamber of Commerce and CEO of Happy Center supermarkets, announced that "retail prices will drop in parallel with the decline in inflation." In a written statement released Wednesday, Altun said he had met with persons in charge from other supermarket chains, and all had confirmed they would not be raising prices. Other supermarkets publicly announcing price reductions are Sok, Migros, and Carrefour, which have agreed to fix prices for January and even offer discounts on various items. Turkish households have been battling with high energy, food, and housing c

Major Swiss retailer pitches food items, cosmetics in Japanese market

Major Swiss retailer pitches food items, cosmetics in Japanese market

David Chalk, managing director of M-Industry Japan K.K., shows food items and cosmetics the company offers in Japan on Sept. 16, 2015, at its office in Tokyo's Minato Ward. The group company of major Swiss supermarket chain Migros, which began operating in Japan in November 2014, aims to achieve sales of 2 billion yen by 2020. (Kyodo) ==Kyodo