Romanian IT&C retailer opens 11 new units this year

Romanian IT&C retailer Flanco opened two new stores in the capital, following a EUR 340,000 investment, and ends 2014 with 11 new units and a total network of 89 stores, the company announced. The Valea Oltului Flanco store is located in the shopping center Kaufland Brancusi and stretches over 700 sqm, while the newly opened store in Drumul Taberei has 800 sqm and is located in the Auchan retail center. The company invested EUR 1.4 million to expand and modernize its network in 2014. It recorded EUR 108 million in sales in the first nine months of the year, up 10% over the same period in 2013. editor@romania-insider.com