El Corte Inglés partners with McKinsey for new strategic plan

What: El Corte Inglés has partnered with McKinsey & Company to develop a new strategic plan following several years of financial adjustments.

Why it is important: This collaboration aims to revitalise El Corte Inglés' business operations and enhance its competitive edge in the retail market, signalling a significant step towards sustainable growth and improved financial performance.

 El Corte Inglés, a major Spanish department store chain, has enlisted the expertise of McKinsey & Company to craft a new strategic plan. This partnership comes after a period of financial adjustments for the retailer, reflecting its commitment to revitalising its business operations. The strategic plan will focus on optimising efficiency, enhancing customer experience, and leveraging digital transformation to boost competitiveness. By collaborating with McKinsey, El Corte Inglés seeks to identify growth opportunities and implement innovative solutions that align with current market dynamics. This initiative underscores the company's dedication to achieving long-term sustainability and maintaining its leadership position in the retail sector.