El Corte Inglés closes its Barcelona outlet store

What: El Corte Inglés closes its outlet store in Barcelona.

Why it is important: the store fleet is being rationalized in a context of selected assets sales.

Barcelona's retail scene is experiencing transformative changes, highlighted by the closure of the iconic 4,500 sqm El Corte Inglés Outlet on Meridiana. Hipercor, owning the building, decided to sell the property a few months prior. 
In the broader context, this closure aligns with El Corte Inglés' strategy of restructuring its physical assets in response to evolving market dynamics. This includes selling several significant properties in Barcelona, such as the Francesc Macià building, soon to reopen as 'Aura,' a high-end office space. As commercial landscapes shift, these closures reflect deeper changes in consumer habits and retail strategies.