Repsol and El Corte Inglés have signed a strategic agreement to create the largest network of convenience stores in Spain. The stores will be located in Repsol service stations under the name Supercor Stop&Go.
Chairman and CEO of the El Corte Inglés Group, Dimas Gimeno, Repsol Chairman Antonio Brufau and CEO Josu Jon Imaz, together with the Head of Retail for El Corte Inglés, Víctor del Pozo, and Repsol’s Executive Managing Director for Downstream, María Victoria Zingoni, signed the agreement, which broadens and strengthens the already existing collaboration between the two companies, last month.
Under the terms of the agreement, Repsol will have exclusivity in the use of the Supercor Stop&Go brand of convenience stores, which are already present in 58 of its service stations and will be extended to both its own and franchise networks. The company has a total of about 3,500 service stations.
In addition, El Corte Inglés will become the new purchasing agent for Repsol’s network of service stations. It will provide the company with an assortment of more than 35,000 top food, beverage and gourmet products; more than 60,000 non-food products (such as leisure items and accessories) as well as its extensive knowledge of the sector.
The agreement will allow Repsol’s more than one million customers who use the Repsol network each day to enjoy a new store model with an expanded range of products and services being offered by El Corte Inglés.
The two companies have collaborated for more than 20 years on various initiatives, such as the shared management of service stations through joint venture Gespevesa, as well as numerous promotions and offers.
As part of this partnership, the El Corte Inglés card can be used to pay for products and services at Repsol, Campsa and Petronor service stations. Customers will enjoy a 4% rebate on purchases made at El Corte Inglés, Hipercor, Supercor and Supercor Express.