El Corte Inglés announces ambitious investment plan and record €250 m dividend

The shareholder meeting of El Corte Inglés in Madrid approved all proposals of the board, including the annual accounts and the non‑financial report. Javier Catena was reaffirmed as chief executive officer.

The group will present an updated strategic plan in September that foresees a more ambitious investment programme aimed at business growth, logistics upgrades, and the adoption of new technological capabilities such as artificial intelligence. The plan emphasises the physical store as a “value‑differential” asset, while also accelerating the online channel, web and app improvements, and personalisation of the customer experience.

A historic dividend of €250 million – about 40% higher than the previous year – was approved, reflecting strong profit expectations of roughly €800 million on revenues projected to exceed €15 billion. Analysts view the moves as a signal of confidence amid intense competition from e‑commerce and fast‑fashion rivals.