During the analyzed period, Flanco Retail sold 200,000 products, 45% more than the number of units sold in the same interval in 2013. Last year, Flanco’s Black Friday sales stood at RON72 million and discounts were available only in stores.
Last week, the retailer’s general manager Dragos Sarbu said he expected sales of RON110 million (EUR24.8 million) during the Black Week campaign, up 53% from sales of RON72 million at last year’s campaign.
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.