Flanco said its nationwide expansion strategy will also continue in the upcoming period, as it eeks to open 20 new stores until the end of 2019. To this end, the electronics retailer allotted an investment budget of RON12 million.
Flanco seeks to open stores in Pucioasa (Dambovita County), Gherla (Cluj County) and Roman (Neamt County).
Flanco posted a turnover of RON1.07 billion in 2018, up 9% on the year, and a net profit of RON21 million, four times higher than in 2017.
At the end of 2018 Flanco Retail had 135 stores with a total sales area of over 70,000 square meters. It opened 18 stores and closed eight others throughout the year. It also remodeled 13 of its stores.
The retailer is present in 100 towns and cities, with stores located within retail galleries and retail parks (40%), street stores (40%) and shopping centers (20%), mainly in large cities.