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June 25, 2022

Flanco invests RON 5 M in four new stores

Last month, the electro-IT retail chain Flanco invested RON 5 M in four new stores, located in Bucharest (Bucur Obor), Suceava (Iulius Mall), Drobeta Turnu Severin (Cora Trading Centre) and Buzau (Mall Gallery), reads a press release. Opening the four stores is part of the retailer’s business strategy aimed at increasing its market share above 10 pc this year and boosting its presence in high-traffic areas. “(…) The four stores opened this month will bring total sales of RON 30 M in the first year of operation,” said Adrian Olteanu, CEO Flanco. For the second half of 2011, Flanco envisages opening 5-8 more units.

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