Flanco opens three stores in Transilvania

Flanco International, the electronics and electrical home appliances retailer, has opened two stores in Resita and Cluj-Napoca and will next week add another unit in TÃ¥rgu-Mures. In line with the data released by the company, the three stores have a total area of 1,500 square metres, while funds earmarked for their opening amount to 5.5 billion ROL (150,000 euros). a??Our opening three Flanco stores in three different cities in such a short period of time is a successful project. We are thus fulfilling out development plan for 2005a??, stated Marius Ghenea, executive manager with Flanco. The company plans to expand its net sales area by about 65% by the end of this year, amid the opening of new stores and the companya??s approaching the 2,000 square metre stores segment. Flanco last year reported turnover worth 120 million euros, with gross profit worth 8.4 million euros. ZF