Carlig closed several unprofitable Jolidon stores

Cluj-based Jolidon, a textile industry producer owned by businessman Gabriel Carlig, last year generated turnover worth 101.7m RON (24.2m euros), down 12.5% year-on-year, and lower than initial estimates. “Reported turnover is related only to the results of Jolidon Romania, which, as a result of the global recession and its fallout, first felt on foreign markets and then on the Romanian one, went down by 12.5% compared with 2008. At the same time, Jolidon’s own store network in Romania posted 7% lower sales in 2009 year-on-year,” stated Olga Stanciu, deputy manager with Jolidon group. In late 2009, Jolidon’s own network included 85 stores in Romania, compared with 90 stores countrywide in the first quarter of 2009. “We closed some of the less profitable stores or stores in Pic and Trident shopping centres and we opened other stores in Bucharest in Cotroceni Park and Militari Shopping. Last year, in the wake of Jolidon’s focusing its activities toward boosting exports, we registered 2.2% higher sales abroad compared with 2008,” Stanciu said.