El Corte Inglés will open new large-format supermarkets

What: El Corte Inglés plans to expand in the grocery sector by opening new large-format supermarkets.

Why it is important: The expansion will provide a differentiated shopping experience and expand El Corte Inglés’ network of stores.

The company aims to establish a network of differentiated stores with a wide range of high-quality products and excellent customer service. As part of this strategy, El Corte Inglés has sold 47 non-strategic Supercor supermarkets to Carrefour while retaining ownership of the properties. The agreement ensures the preservation of existing jobs.

El Corte Inglés currently operates various grocery formats, including El Corte Inglés Supermarkets, Hipercor, Supercor, Sánchez Romero, and Club del Gourmet shops. The company also has over 550 supermarkets located in Repsol petrol stations under the Supercor Stop&Go brand. As part of the expansion plan, El Corte Inglés will open street-level El Corte Inglés Supermarkets in addition to its commercial stores. These stores will range from 2,000 to 2,500 square meters and offer a diverse selection of products and services consistent with the existing offerings.