Shopping Centers Today International

DEC 2015

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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Page 130 of 143

ith a population approaching 80 million, at least half of whom are younger than 25, and a middle class that is grow- ing steadily more affluent, iran offers an enormous opportunity for re- tailers, once international economic sanctions against the country are lifted. and many international brands are already on the scene there, with more set to come. Despite the trade restrictions, roughly 60 foreign brands, mostly eu- ropean, are operating in that market — adidas, Benetton, Debenhams, mango and reebok among them. some turkish retailers, including Koton, lc Waikiki and mavi Jeans, are reportedly doing well both W retail reVolution With the COMiNG liftiNG Of saNCtiONs, retailers aNd develOpers are braCed tO satisfy iraN's appetite fOr MOderN shOppiNG By Spencer Rumsey d e C e M b e r 2 0 1 5 / S C T 131

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