Trade : The retail market for IT and electronics grows to 1.15 billion euro this year

The retail market for IT and electronics reaches this year 1.15 billion euro, more by 50 million euro than 2011, the leadership of Flanco estimates. For second quarter of the year, the company estimates a stagnation of the market after the first quarter the domain increased by 2%.

The leadership of the company wishes to reach the end of the year at the market share of 15%. In the first quarter of this year the retailer had a market share of 12%, against 8.2% for the similar period of previous year.

The Flanco sales increased by 51% in the first quarter of this year against Q1 2011.

As regards the increase in sales for categories of products in the Flanco shops, the electronics sector had the highest increase,of 65% that of IT of 40%, while the electrical household appliances increased b 38%, as compared th the similar period of 2011.

The expenditure for commodities ( electronics, electrical appliances, IT) were of 299 million euro in the Q1 of this year, dropping by 1% against the same period of last year, according to the company for market research GfK Romania.

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