“Compared to the beginning of the year, when we targeted a 20% growth in turnover, nine-month results indicate we will end the year with a growth of 10%, a good figure considering the first half of the year was difficult. We had to make chnages and addapt to new market conditions as the market contracted by 40-50% on the compact camera segment and the DSLR camera segment didn’t do very well either,” Alecsiu said Thursday.
He estimated the photo equipment market will end the year with a 30% decline compared to 2013, both in value and in volumes sold.
Alecsiu said he was optimistic F64 Studio will continue to grow in 2015.
“We are trying to lower the impact of lower photo equipment sales by developing printing, consignment and photo and video equipment rental services, for which demand is on the rise,” he said.
F64 Studio is owned by Alecsiu – 50% and Dorina Daniela Becheru – 50%. The retailer has around 130 employees.