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El Corte Inglés Launches Logistics Company with Five New Facilities

The Spanish retail giant is seeking to compete with Amazon by improving its online business and at the same time making its assets more profitable.

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El Corte Inglés will create a new business division specialising in logistics. The aim is to improve its online sales service and e-commerce, emulating the American giant Amazon, which has more than thirty logistics platforms in Spain.

The project consists of reinforcing its current logistics and transport infrastructure by building five new logistics platforms.

The new plan began two years ago with the help of the consultancy Kearney and Goldman Sachs, according to El País. El Corte Inglés plans to double its logistics staff and build five new platforms like the one already operating in Coslada. The company calculates that this branch of business could triple in volume to reach 1.2 billion euros. Francisco Bernal, former director of Seur, DHL and Prosegur, is heading up the new firm.

Read the full article in Spanish

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