29 June 2026
29 June 2026
AI has become central to European retail operations, but its rapid adoption is now meeting a more complex regulatory environment.
ELG intends to grow its position in US multi-brand luxury retail through a model spanning physical stores, digital commerce and remote selling channels.
The deal will be executed through Cencosud's subsidiary Cencosud Internacional and financed entirely from internal resources.
GlobalData's latest research shows confidence has improved, but spending remains focused on seasonal purchases over home goods.
By the end of the quarter, the group had 3% fewer stores than a year earlier.
The store growth goal will be achieved through a combination of targeted acquisitions and development in both current and new markets.
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