Flanco’s sales grew 7% on the year and the company had over 1,500 employees in 125 stores.
“The biggest growth was registered in mobile orders and transactions, over 91%, and online lending grew by more than 270%,” said company CEO Dragos Sirbu.
Flanco’s smartphone sales grew 29.5%, followed by household appliances (+9.3%).
In 2017, Romanians bought 4k TV sets, which registered 80% growth, sales of small household appliances grew 17%, washing machines and refrigerators grew 4%, cooking stoves grew 13%, and ovens grew 11%.
Flanco closed 16 stores in 2017 in shopping centers where rent prices were too high and opened 17 other stores in small and medium-sized towns.