12 May 2025
12 May 2025
Recent tariffs—including a 10% minimum on all partners and 145% on China—hit during a key buying season for US retailers.
The closures will impact locations across 13 Spanish regions, including Madrid, Valencia, Galicia, and Navarra.
The first store will open at The Avenues in Kuwait.
The retailer reported a 6.2% decrease in revenue to $3.53bn in 2024.
Cencosud's net income for the quarter was reported at 126.44bn pesos.
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