“We took over the Domo space in Baneasa (Shopping City – northern Bucharest i.e.) and are interested in other spaces that have potential,” says Dragos Sirbu, the Romanian executive in charge of Flanco, the second leading computer and electronics retailer in the country after Altex.
He will not say how many stores Flanco will take over from Domo, but it will be more than ten, according to market information. Some stores will open this year, others in 2016.
“The store in Baneasa will open next week, in time for Black Friday,” Dragos Sirbu added.
Market leader Altex of entrepreneur Dan Ostahie will take over about ten stores, one of which Pitesti and another one in Cluj, ZF has found. Ostahie would not comment on the information, though.
ZF reported on Monday that Domo was to close its physical stores and only keep online operations. Its officials have yet to return ZF’s calls for comment.
According to the last data available to ZF, the retailer had about 75 stores and direct competitors will only take over some of those, while the rest will become free for others to rent. Each of the three computer and electronics retailers Altex, Flanco and Domo had stores in some shopping centers, so in that case the Domo stores will become available for retailers in other sectors to rent. Domo’s stores ranged from several hundred to more than 3,000 square meters in floor area, which makes them suitable for either fashion retailers or grocery retailers operating small format stores.
(English version by Loredana Fratila-Cristescu)