Strong Messages Regarding Expectations from Koton in the 3rd Quarter

Koton Aims to Stand Out Positively in Q3

Koton CEO Bülent Sabuncu, in a statement about the company's Q3 performance, said they are positively differentiating themselves from the industry and that this trend will continue. Sabuncu expressed that the import rates are around 20%, and this situation plays a significant role in managing costs. "We have not turned to imports as much as other companies. This greatly contributes to our prices. We have a cost increase below inflation, and we expect to close the year close to our plans," he said.

Growth Strategy Abroad

Koton is focused on expanding in international markets. Sabuncu emphasized that they operate in 34 countries and run e-commerce and retail simultaneously in all these countries. "Our growth in e-commerce will continue in Q3 as well. We plan to sell our products in the US market through marketplaces by the end of the year," he stated.

Koton's retail strategies are also noteworthy. Sabuncu mentioned aggressive opening plans for Gulf countries and stated they aim to increase the number of stores abroad from 210 to 220 by the end of the year. He noted that they opened a new store in Jeddah on Saturday and plan to open new stores in Qatar as well.

This information should be taken into account when making investment decisions. It does not constitute any investment advice.