Opinion on Department Stores in Spain

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Type Product title / description Pub Price
Expert View
Expert View

Dependence on the Spanish market weakens El Corte Ingles' sales

Leading European department store operator El Corte Ingles has reported a 3.9% decline in turnover as shoppers switch to cheaper rivals due to squeezed disposable incomes. As the tough trading environment in Spain continues, the retailer may regret its cautious approach to international expansion and its reliance on Spain. It needs to act swiftly to halt sliding sales and regain consumer loyalty.

Published By Datamonitor
30 Aug 2012
Expert View
Expert View

El Corte Ingles faces challenging year despite strong portfolio

El Corte Ingles, the giant Spanish conglomerate, has unveiled a 4.7% rise in turnover for the year ending February 2008 and continues to expand apace regardless of Spain's macroeconomic plight and consumer downturn. However, despite boasting strong credentials, Spain's largest retailer may yet suffer the full impact of what could be a prolonged slump.

Published By Datamonitor
01 Sep 2008
CommentWire
CommentWire

El Corte Ingles: department stores struck by economic crisis

El Corte Ingles has felt the knock-on effects of the severe economic downturn in Spain, reporting a fall in sales for 2008. The decline in consumer expenditure has had a significant impact on the group's sales and profits, as it resorted to discounting to boost demand and shift stock. Despite growth at its smaller divisions, its department stores and hypermarkets dragged down overall performance.

Published By Datamonitor
02 Sep 2009
Expert View
Expert View

Marks & Spencer: taking a gamble by re-entering Spain

Marks & Spencer has announced plans to return to the Spanish market, despite the fact that many retailers have shelved their expansion plans for the country as it suffers a severe economic downturn and rising unemployment. Against this backdrop, M&S also faces the challenge of confronting a fierce domestic adversary, El Corte Ingles, to which it lost out during a previous attempt to enter Spain.

Published By Datamonitor
15 Oct 2009
Expert View
Expert View

Spanish retail's long-term prospects outweigh current slump

The phase of Spain being one of the EU's fastest growing retail markets has come to an end. Consumer confidence is falling sharply, and borrowing, which fuelled the consumer boom, has become much harder to secure in the current credit crunch. However, there are a number of long-term prospects in the market's underdeveloped and fledgling sectors which offer prime growth opportunities.

Published By Datamonitor
16 May 2008

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