Altex extends the grace period to nine months

The poor start on the electronics and appliances market determined the main players to launch aggressive promotions for the stimulation of loaning, which sustained the market increase in the past few years. Electronics, appliances and IT&C retailer Altex, with a turnover of 275 million euros last year, launched a system of granting loans for only the ID, with a grace period lasting until the beginning of next year, that is over nine months. The action follows the launch made by the third largest retailer in the field, Flanco and Credisson loan company of a product involving a grace period of approximately six months. (V.Z.)