Altex sees 40% growth

Altex store chain announced it had made more than 60 million euros in sales for the first half of 2004, up over 40% from last year. “The main difference compared with 2003, when all product categories saw sales growth, is that the market has developed differently on various categories this year. The IT market increased more than 50% in this period and will maintain this upward trend in the upcoming period,” Dan Ostahie, Altex chairman stated. He says that while its sales increase, Altex will proceed with rearranging its stores in Bucharest, Cluj, Oradea, Targoviste, Focsani and other cities. At the same time, the Altex official intends to continue developing the network, which currently comprises 120 stores in 70 cities. ZF