cities.
Flanco on Friday opened its second store in Arad, in Atrium Mall. The store of Barlad will be opened on November 30, in Barlad Value Center, with this being the second Flanco store in this city.
“Opening stores in high-traffic shopping centers, such as Atrium Barlad and Barlad Value Center, is in line with our development strategy, drawn up amid the reassessment of the physical store network in late 2020. (…) The two new stores are bringing an omnichannel experience to buyers, just like the other units of the network,” says Ionut Cirstea, Retail Manager Flanco.
The company has over 1,500 employees and last year registered RON1.08 billion sales, down 10.8%, amid the closedown of over 70 stores during the lockdown period, but the company stayed in the black, through profit dropped by 44%, to RON22.3 million.
(English version by Catalina Apostoiu)