EnglishFlamingo International Group reported a turnover of 67.9 million RON for the first half of 2007, the result being 3.1% lower than the company"s estimates, according to a company press release.
In the first six months, the retailer posted losses of 4.8 million EUR.
Flamingo International Group operates a store chain consisting of 138 units and employs 925 people. In Romania, the retailer owns 11 Flanco World stores, 48 Flamingo stores and 78 Flanco stores.
This year, the company will focus on the development of the Flanco World retail chain and the large-surface stores will replace the smaller Flamingo Computers and Flanco stores, according to Dragos Simion, VP of Flamingo International Group. Flamingo International Group plans to start a more aggressive advertising campaign and double its marketing budget in the second half of the year.
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