El Corte Inglés has opened a new Sfera store in Mexico, in order to strengthen its presences in the Latin market, Modaes.es has reported.
With the opening of the new outlet, the Spanish retailer now has a total of 30 sales points in that country.
The fashion retail group is one of El Corte Inglés' most profitable divisions; Sfera increased its turnover by 25% in the company's last set of accounts, accounting for €205 million.
Sfera also has stores along Saudi Arabia, Chile, United Arab Emirates, the Philippines, Greece, Peru, Portugal and Switzerland.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Roeder. To subscribe to ESM: The European Supermarket Magazine, click here.