El Corte Inglés has reported a 1.5 percent drop in net profit to €369 million for the financial year ended last Feb. 28. Consolidated sales went down by 5.8 percent to €16.4 billion, the leading Spanish retail group said, and as we have reported, its sales of sporting goods declined by an estimated 5.0 percent. Its website was visited 98 million times, 5.5 percent more than in the previous year. The group’s operating income before amortization declined by 2.5 percent to €1,067 million. Better results have been obtained so far this year.