In 1995 El Corte Ingles bought its only Spanish department store competitor, Galerias Preciados.
FORBES: El Corte Ingles - Spain's Only Department Store Chain is Struggling
El Corte Ingles is one of the largest European department store retailers and its turnover represents 1.8% of the Spanish GDP.
In a recent article, I described the unique Spanish department store El Corte Ingles which is the only department store retailer in Spain.
FORBES: Karstadt -- Lack of Money, Excitement and Growth Equals a Slow Death
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