Domo expects $100m sales

Flanco and Altex this month announced several days apart that they had crossed the 100 million-euro threshold. It is now the turn of Interexpo, the owner of the Domo store chain to announce its “100 million club” membership for the end of the month. It is not about euros, but dollars, though. “We will see $100 million (more than 80 million euros) turnover by the end of the year. The Domo network contributes more than 70% to this turnover,” Mihail Laptoiu, Domo’s general manager said. He added the retail division had outperformed the wholesale arm this year. Under the circumstances, the two operations may become separate businesses. “We are considering this possibility but have made no decision in this regard yet,” Laptoiu added. Even though behind Flanco and Altex in terms of sales, Domo has the largest electronics and home appliances store in Romania, which it opened last week. ZF