El Corte Inglés welcomes new Ralph Lauren openings in Spain
What: Ralph Lauren strengthens its presence in Spain by opening new corners in El Corte Inglés stores and renovating existing ones.
Why it is important: These expansions highlight Ralph Lauren's commitment to the Spanish market and its strategy to grow its retail footprint in key European cities and tourist locations.
Ralph Lauren is bolstering its retail presence in Spain with new openings and renovations in El Corte Inglés stores, including a new corner at the Serrano location in Madrid. This move is part of a broader strategy to enhance the brand's visibility and accessibility in Spain's major cities and tourist hotspots. The company's ongoing commitment to the Spanish market is reflected in its recent renovations at El Corte Inglés locations in Castellana, Pozuelo, Preciados, and Bilbao. These efforts align with Ralph Lauren's global growth strategy, which saw the company close the 2024 fiscal year with a 3% revenue increase, reaching USD 6.6 billion, and a 23% rise in profits.