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El Corte Inglés: Closures Mount as Customer Base Fails to Renew
Supercor stores to be sold to Carrefour and less profitable branches to close: El Corte Inglés faces a wave of closures and is losing its historic customer base.
El Corte Inglés Closes Stores as Historic Customer Base Dies Out
While France declares war on Shein, El Corte Inglés continues to dim its lights. The wave of closures anticipated for 2024 is already taking concrete shape: Supercor supermarkets are being transferred to Carrefour, and several neighborhood stores are shutting down without replacements. Madrid and Barcelona hold on, and little else.
Behind each shuttered storefront lies a reality not reflected in the balance sheet. Two loyal customers, sisters aged 90 and 94, recently shopped at Preciados, Argüelles, Goya, and Generalísimo. They no longer do. They were the core of the business, the generation from the war and postwar era, and that core is emptying out without anyone to take its place.
What El Corte Inglés is Closing in 2024
The pullback is not just a rumor in the aisles. Supercor stores are the most visible sign: some neighborhoods have seen liquidation signs, while others have had transfer notices for months with no one taking them down. Informal counts from those working in these locations suggest that out of about twenty visited, only one—the Pío XII branch—maintains a customer volume justifying daily operation. The rest are running on inertia.
The company is consolidating its remaining presence where sales are strong, letting go of the rest of its footprint. There is no orderly retreat or clearly communicated strategy; it's a drip-feed of local decisions that, combined, paint a picture of a phased closure.
Aging Customer Base and Those Who Moved to Vinted
El Corte Inglés isn't losing customers due to price; it's losing them due to age demographics. Its natural shopper entered through the revolving door since the 1960s and is now between seventy and ninety years old. A calculation circulating in industry analyses attributes a loss of nearly 60% of its historic customer base to the group. No audit certifies this, but it aligns with the closure of entire floors.
As that demographic fades, the next generation has switched channels. Second-hand shopping on Vinted, fast fashion on Shein and Primark, and online purchasing without visiting a mall. The generational handover didn't happen in the menswear department; it went elsewhere.
Why Did El Corte Inglés Fail in E-commerce?
It had the most expensive infrastructure to build: logistics network, warehouses, and presence in every capital city. It arrived late. While others were building marketplaces, the company continued dedicating entire buildings to displaying furniture. Industry data places its platform behind Amazon and ahead of AliExpress in Spain: second tier, not disappearance.
There is a reaction. The app works, allows order pick-up at nearby points, and approaches the experience of the major players. The problem is the timeline: each improvement comes with fewer square meters to defend.
Primark, Shein, and Clothes That Last a Summer
The French National Assembly has curbed fast fashion, a battle that in Spain is fought in the fitting rooms. Some argue that the house brand's clothing lasts longer than seasonal items, citing a pair of brand-name pants, Dustin, with fifteen years of wear. The argument has commercial logic and a catch: if clothes last, people buy less, and that replacement business is lost to others.
The Customer Still Paying the Premium
One buyer remains who has not deserted: the one who wants available sizes, correct service, and doesn't want to be dressed like a walking advertisement. They buy little, renew out of necessity, and ignore trends. They are loyal, but they cannot sustain a structure with thousands of employees.
Therein lies the knot. The company endures based on what it was, not on what it sells. And each closure makes it harder for someone to walk through the revolving door again. No one has put a figure on how many years of equilibrium this model has left; the only number circulating—a 60% loss of historic clientele—is not a forecast, it's a tally.
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (46 replies).
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