Flanco Retail CEO, Dragos Sirbu, said the electro-IT market grew 6% in January-June 2019.
In late July 2019, Flanco had 149 stores, of which 12 newly opened throughout the first half of 2019 and four others opened in July.
Sales through digital channels and mainly the orders placed from mobile devices also kept their upward trend, seeing an increase of 30% compared with the same period in 2018. Purchases by credit cards grew 20% year-over-year in the first half of 2019.
Flanco’s 2019 projections envisaged a 12% increase in turnover and the opening of 20 new stores.
“The first half-year results stimulate us to intensify the store opening pace. We plan to open ten new units by the end of 2019 which is expected to end with 26 new stores”, Sirbu concluded.