Spain’s Retailers Led by El Corte Ingles Discounting 20%
This article is for subscribers only.
Last Christmas, Juan Carlos Samano gave his wife a 50-euro ($64) bottle of Calvin Klein perfume from a tony department store. This year, he’s planning to spend no more than 10 euros on a set of beauty products from discounter Carrefour SA.
“We used to buy whatever we wished without thinking much about the money,” said Samano, 37, who last month lost his job as a heavy equipment operator in the northern Spanish city of Santander. “We now look for bargains.”