“We expect flanco.ro to account for 10% of total sales to be registered between November 21 and 23, “said Sarbu, adding Flanco’s 87 stores, as well as flanco.ro, will offer up to 80% discounts to over 400,000 products. He also said that total Black Friday discounts exceed RON50 million.
Flanco is one of the largest local retailers of IT&C, electronics and household appliances, with over 1,000 employees and 87 stores in 52 cities.
Flanco Retail registered sales of RON480 million in January-September 2014, up 10% on the year, the telecom segment, the large screen TVs, as well as the small and large home appliances being Flanco’s main growth drivers.
In 2013, the company reported sales of EUR137 million.
Flanco Retail is controlled by businessman Iulian Stanciu.