How much does El Corte Inglés make with fashion? 4,727 million in 2023

What: El Corte Inglés achieved fashion and beauty sales of EUR 4.7 billion in 2023, marking a significant 3.68% increase from the previous year, making it the largest category in the group's retail area by turnover.

Why it is important: The growth in the fashion and beauty sector highlights the strong performance and strategic focus of El Corte Inglés on these categories, underlining the importance of this segment to the group's overall revenue and demonstrating the effectiveness of its multi-channel retail strategy.

In 2023, El Corte Inglés saw its fashion and beauty sales climb to EUR 4.7 billion, a 3.68% increase from the previous year, making it the group's top-performing retail category. This growth contributed significantly to the group's total retail sales of EUR 12.35 billion, with fashion and beauty following food as the second-largest category. The group's success in this area is attributed to a mix of buy-as-you-go models, branded corners, and proprietary products, including the Sfera brand, which boasted over 500 points of sale by the end of the year. Overall, El Corte Inglés reported a total revenue increase of 5.4% to EUR 16.33 billion, despite a drop in net profit to EUR 480 million due to the absence of extraordinary items, though recurring net profit rose by 73.7% to EUR 359 million.