Flanco opens new store in Kaufland gallery, plans ten new locations

Flanco has opened a new store in Slobozia in the Kaufland gallery, following an investment of RON 450,000.

The company expects sales of RON 5 million in the 480-sqm store’s first year of operations.

Flanco estimates sales of RON 6-7 million in two years, once the IT&C market picks up,

after registering a significant correction of 50 percent in the past 18 months.

“The positive evolution of Flanco sales in the past months makes us confident in the development of the company. The operational restructuring has been completed, and we are now focusing on developing and consolidating the network of stores,” said Adrian Olteanu, CEO of Flanco.

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“Flanco will continue to develop the network by opening stores in locations with high sales potential, looking at this point at ten new locations.”

The company estimates that the store will attract 5,000 visitors monthly, out of whom 20 percent are estimated to make a purchase. Flanco International operates 70 stores throughout the country.