El Corte Inglés - News

07 June 2022
With estimated sales of €12.5 bn in fiscal 2021, El Corte Inglés has begun to recover following the aftermath of the pandemic, posting sales growth of over 20% on 2020’s figure. The results are, however, still far from the retailer’s pre-pandemic sales of €15.3 bn in fiscal 2019. El Corte Inglés continues to be affected by the poor performance of several of its businesses, particularly the Via...
01 June 2022
The region of Madrid is Spain’s most affluent, boasting per capita income of €32,000, over 35% higher than the national figure of €23,700 (in 2020). The thriving Madrid economy has created an attractive market, which continues to draw investment from nearly all the country’s largest grocers. Retailers continue to perceive the region as a key market in which to showcase their advances, in terms of...
17 March 2022
Consum-owned Charter announced record sales growth in 2021 and plans to expand its network throughout 2022. Furthermore, Supercor Stop&Go advances its partnership with Repsol and Bon Preu announced its sales increased to €1,782m. Charter revealed record sales Consum sales to Charter reached €444m in 2021, an increase of 12.9% compared to 2020. The group revealed it added 14,200 sq m of sales ...
04 January 2022
Discounter Lidl reflects on its 2021 investment of more than €220m, while Caprabo highlighted its five-year investment plan, which is set to improve its online store and expand its presence in Catalonia. Finally, El Corte Inglés is exploring options for selling a part of its Supercor stores. Lidl’s expanding network and investment The discounter ended 2021 with 39 new stores, two of which ope...
17 August 2021
El Corte Inglés has launched its Toys that Care for the Planet shop-in-shop in 70 stores, as Lidl Spain opens its largest urban store in Madrid. Separately, Sánchez Romero has expanded the reach of its online channel nationwide, while Consum reveals its achievement of reducing sugar, salt, and saturated fats in its private label range and, finally, Gadisa announced its sales grew 9.9% compared in...
10 November 2020
Consum has revealed, as part of a collaboration with the Claridae platform, that online sales have increased by 67% compared to in-store purchases. Meanwhile, Eroski has reflected on how it has been impacted by COVID-19 and how it will use this insight in future. Separately, El Corte Ingles has announced its sales decreased by 41% in H1 2020, while, Ahorramás has revealed a positive forecast a...
18 August 2020
El Corte Inglés reveals an increase in turnover and profits during 2019. Meanwhile, Cepsa and Glovo have expanded their partnership and extended it to Portugal. Separately, Alibaba’s Alba Ruiz highlights the development of the new retail effects since the impact of COVID-19.  El Corte Inglés positive 2019 FY results El Corte Inglés recorded a profit of €310m in its 2019 financial year, an i...
20 April 2020
We look at how retailers across Spain are implementing measures to ensure everyone has access to products as they respond to the Coronavirus (COVID-19) pandemic. We will continue to update this article with the latest measures. Mercadona Mercadona has outlined how it will increase awareness and safety by communicating with shoppers, the group’s recommendations are:   No family or grou...
22 November 2019
Spain-based El Corte Inglés has announced an increased turnover of 1.3% in the first half of FY 2019. The group is divided into retail, travel, fashion, insurance, technology and a new addition of real estate. Sales performance   The retail division increased its turnover by 1% year-on-year to €6,036m. The food sector increased its sales substantially in supermarkets and hospitality. The tr...
14 November 2019
Sánchez Romero has revealed a new supermarket model, to launch in Madrid. Meanwhile, Ahorramás has launched a new supermarket model to emphasize its specialities. Carrefour highlights its progress in the organic category. Separately, El Corte Inglés secured a place in the Caleido Complex in 2020 and will launch a new brand image for the development.  Sánchez Romero creates a new supermarket mo...