Inflation first inflated revenue, then costs.

food In the last two months of the year, Turkey focused on the impact of the minimum wage and the base effect on inflation. While strict new control statements were made for the retail sector, which was highlighted in discussions of price increases and high inflation, representatives of the sector pointed out that there was a large increase in costs along with billing, and that the price increases started from the offer. side. Noting that the retail industry “hates” inflation, Carrefoursa CEO Kutay Kartallıoğlu said: “Inflation is something that retailers hate. Who wants to change the labels in the hallway every day? This is a tremendous loss of manpower and productivity. Inflation artificially inflates income, but immediately inflates expenses.

IT IS REFLECTED IN THE SCHEDULE

Where did the rents come from in this store? “Inflation doesn’t do anything for a retailer,” she said. Explaining that as a company, they do not increase products without the change in purchase prices and are open to all inspections, Kartallıoğlu said, “I will not let the price in the hall touch me until the price I buy changes. There are no accounts we can’t give here, but these discussions do break out from time to time. We are already a public company and we do not complain about being audited. We have passed a thousand inspections since the beginning of this year,” he said.

Investment of 30 million TL for fish

Kutay Kartallıoğlu, who also referred to the investments they have made in the field of fishing with the held press conference, said, “We are having a very good season with the investment of 30 million TL we have made so far and the contribution of our 400 experts. employees in this field. Compared to last year, our growth in this area exceeded 120 percent this year. Our goal is to close 2022 with a turnover of 1 billion TL and sales of 12 thousand tons of fish”.

40% of sales are promotional

Kutay Kartallıoğlu noted that the increases in energy costs reached 200 percent as a unit and stated that 40 percent of its sales is made up of promotional products. Regarding the minimum wage, Kartallıoğlu said: “Purchasing power must return to its previous level. It must be ensured that people are not pressured into inflation and that the number of products in their basket does not drop too much,” he said.