El Corte Inglés replaces online director and continues store closures

What: Enrique García López is set to replace Ricardo Goizueta as the new online director while the group advances its portfolio reorganization through store closures.

Why it is important: García López will oversee the customer and online business areas and will report directly to José María Folache following the retirement of Ricardo Goizueta.

The group will continue with the closure of some of its shopping centres and plans to cease operations in some establishments in Seville, Madrid, Valladolid and Córdoba. The Méndez de Álvaro centre will be demolished and converted into two office buildings, while the group is negotiating the sale of its centre on Constitución street in Valladolid. The group has already closed two other establishments in Córdoba and Seville.