The Spanish retailer has posted revenues of 7.61 billion euros for the first half of the year, while Ebitda rose by 14% to 386 million euros on the back of improved profit margins at the retail division.
FashionNetwork.com visited the European offices of the US sportswear giant to find out about its plans for Europe, where, hit by the ‘yellow vest’ protests in France, it is concentrating on London and Milan.
El Corte Ingles is now the largest online retailer in Spain after Amazon and Alibaba. The Spanish retailer will open an official flagship store on Tmall, the e-commerce platform run by Alibaba, by the end of the year.
The group’s board of directors will propose the appointment of Marta Álvarez as new chair at a meeting next month. Current chairman Jesús Nuño de la Rosa is expected to remain as co-CEO alongside Víctor del Pozo.
The Spanish brand has announced an online partnership with a high-profile department store chain, as well as the opening of three concessions. Mango is also considering opening a flagship store in Miami or New York.