The department store sector is facing increasingly rough times across Europe in parallel with e-commerce growth. In the U.K., the British high street crisis has already hit department store operators Debenhams, House of Fraser and now even John Lewis, which is warning about potential closures. Operators in Europe are now worried too, as the trend is now spreading into Continental Europe.
El Corte Inglés, Spain’s leading department store retailer (turnover of €7.6 million in the first half...
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