COVID-19 Impact on El Corte Inglés SA
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
The Coronavirus (COVID-19) company impact report analyses how the pandemic will impact El Corte Inglés SA performance.
El Corte Inglés SA is better placed than many other department chains to cope with the effects of COVID-19, due to the fact that it also has presence in essential retail formats such as hypermarkets, supermarkets and convenience stores alongside its major retail format, department stores.
The sudden surge in demand for food products and household items will have helped to compensate for some of the sales lost in non-essential products such as clothing and beauty products.
Scope
– The company’s sales are now forecast to decline by 2.0% in 2020, versus a 1.3% rise in 2019 and our original 2020 forecast of +3.0%.
– El Corte Inglés SA’s operations are mainly centred in Spain, its home market. Consumer sentiment in Spain has significantly fallen and we predict that more normal levels of retail spending, especially on discretionary product categories will not return before Q4 2020 at the earliest.
– El Corte Inglés has adopted safety measures aimed at minimizing physical contact between customers and employees. The retailer has recently reinforced click & collect and click & car services to attract shoppers.
Reasons to Buy
– Use our revised 2020 forecast for El Corte Inglés SA to understand how it will perform this year.
– Use our charts to review how El Corte Inglés SA's sales are split by region globally and how these regions have been impacted by COVID-19.
– Use our in-depth analysis to review how El Corte Inglés SA has responded to COVID-19 and how this will affect its performance.
Aldi Group
Amazon.com
Inc.
Wal-Mart Stores Inc
Carrefour SA
Mercadona SA
Marks & Spencer Plc
Dunnes Stores
The TJX Companies
Table of Contents
Figures
Frequently asked questions
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.