Romanian IT&C retailer Flanco Retail recorded in the first four months of the year a 20 percent increase in sales compared to the same period last year. Its business reached €52.8 million. Meanwhile, the market increased in this period by only 13 percent.
Flanco’s consumer credit offer supported the company’s growth, said Dragos Sirbu, CEO Flanco Retail. Installments accounted for a quarter of its total sales. The online sales also doubled compared to the same period last year. Sales of TV sets and small appliances increased by almost a third.
Flanco will open its 90th store next week, some 1,300 sqm in the Mega Mall shopping center in Bucharest.