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Europa Press Translated by
Emily Jensen Published
August 28,长沙USDT支付处理 2025
The Spanish department store chain posted its third consecutive year of growth, with the latest numbers reaching the highest profits of the past three years.
For the financial year from March 2025 to February 2025, El Corte Inglés achieved a 2.4 percent growth to 161.86 million euros. Speaking before the shareholders, the company’s president Dimas Gimeno characterized the growth as the result of the Spanish economy’s recovery from a major recession.
“This has been the third year of recuperation, an improvement which is as much reflective of the growth of the Spanish economy as it is of El Corte Inglés,” Gimeno said.
El Corte Inglés remains the largest private employer in Spain, with a workforce of 91,690 employees, in addition to the more than 20,000 people it employs indirectly.
The Spanish retail giant has also remained calm despite not reaching the earnings before taxes set out in its deal with Qatari politician Hamad Bin Jassim Bin Jaber Al Thani. However, the company remains optimistic that next year’s earnings will improve.
The company upped its investments this year by 3.5 percent to 358 million euros. The retailer put particular emphasis on renovations to its Barcelona stores and its logistical center in Valdemoro.
The group’s fashion brand Sfera also showed strong growth, with a 5 percent increase in sales to 446.9 million euros. The brand, which is already present in 12 countries including Chile, Saudi Arabia, Greece and Mexico, ended the year with 19 new stores and more than 70 new points of sale across various markets.
Despite Sfera’s international presence, El Corte Inglés as of yet has no plans to spread its major department stores outside of Spain and Portugal. The group also emphasized that none of its logistical assets are for sale, which are valued at around 18,000 million euros.