Staer furniture producer, a top ten player domestically, sees sales soar by 40% during summer months compared with the first months of the year as a result of stepped up deliveries of new homes.
"As a rule, summer months bring bigger furniture sales than in the first part of the year as a lot of homes and housing complexes are finalised during this period, but also owing to Romanians' habit of renovating their homes and implicitly redecorate them during summer. In summer, too, many Romanians working abroad return home with additional financial resources which are many times invested in high-value acquisitions, implicitly in house furnishing and decoration," said Laura Matei, Staer marketing manager.
The company in the first four months of this year posted turnover worth 30m RN (8.2m euros), up 17% from the 25m RON (7.4m euros) reached in the same period of last year. For the entire 2008 year, Staer targets 40m-euro turnover. "The sales increase is due, on the one hand, to communications campaigns and also to offer diversification," specified Matei.
In 2007, Staer reported net income worth 1.8m euros, and 30.4m-euro turnover.
"We expect higher sales increases during the second half of this year, when we are to open further showrooms, located in retail parks that usually bring a high and constant customer flow," added Matei.
At present, Staer operates 25 stores, with the network to rise to 30 stores by yearend. "We haven't modified the initial target, but reaching it depends on the pace at which real estate developers' construction works progress, as the new showrooms are located in future retail parks," Matei also said.
Since the beginning of 2008, Staer has opened a store in Vaslui, with Brasov being targeted for the future location. Around 30% of Staer's sales are in instalments, with the biggest volumes being registered in bi
