A number of Spanish department stores are set to open on Tuesday, November 16, including the first of two in Barcelona, as part of a wider strategy to boost sales and boost profits in a country where unemployment remains stubbornly high.
The two new stores will be in the capital, Barcelona, the Catalan capital, and are expected to open as early as Monday.
Barcelona has been struggling to boost its sales and profits amid the euro zone crisis and a weak euro.
Last month, the city announced that it was planning to open five new department stores, but only four of the plans are being executed.
It said that it hoped to open all five stores by December this year, but that it had to start work earlier as some of the buildings had not yet been completed.
One of the two new department store projects will be the new department chain, which is expected to be built on the former L’Espresso space at the corner of L’Avenir and Bayshore.
The building will also house a large store that is due to be opened in November, which will be a second department store under the new brand.
The city plans to open a total of 16 new department retailers in Spain, and it will spend €200m ($270m) on the two.
Read more: Barcelona opens first department store for Spanish brand this month, says mayor In the first project, the new L’Oreal store, the first to open in the country since the financial crisis, will be located in the new branch of the L’Asociación de Administración, or the Association of the Administraries, which operates Spanish government offices in the Catalan city.
In an interview with El País newspaper, the mayor of the town of Algarve, Cristian Garcia, said he hoped the project would lead to the construction of three more L’Esporas department stores by the end of the year.
L’Esporaña de Algarva, a subsidiary of the regional administration, will take over the building of the store.
However, the town’s residents, who are against the building, have said that they would boycott the building if the project goes ahead.
La Vanguardia, a Spanish newspaper, said that the building had already been leased by another Spanish company, a unit of a group that owns several stores in the region.
“The owner of the building has told us that the project is only about six months away, so there is a high chance that it will be cancelled,” the newspaper quoted La Vanguardia as saying.
“The construction company is owned by a company that already owns the space.
If the project continues, the project will only make a mockery of Algiers”.
The second department retail project, which has been delayed, is the development of the former Bayshan department store at the city’s southern end.
The former Luchas department store has been shut since 2008.
But last year, the local authorities agreed to buy the building and expand the area of the current Luchás department store by 30 per cent.
A spokeswoman for the local authority said the council had not made a decision on whether the project should be put on hold.
She said the decision had been taken because of the high cost of the project and that the local council would only make an application if there was a change in the plan for the building.