Department store has its headquarters. As of 2016, there were 95 El Corte Inglés department stores. Other competitors such as Simago and Galerías Preciados closed in the 1990s. However, El Corte Inglés faces major competition from French discount operators such as Carrefour and Auchan. In Sri Lanka there are few department stores. Most are based on Colombo, the country's capital. Notable department stores are Odel, the Food City chain by Cargills (Ceylon) PLC and the Arpico chain operated by David Pieris & Co. The largest department store chain in Sweden is Åhléns, which operates stores throughout the country. Its flagship Stockholm store,
Chain store Chain store A chain store or retail chain is a retail outlet in which several locations share a brand, central management, and standardized business practices. They have come to dominate the retail and dining markets, and many service categories, in many parts of the world. A franchise retail establishment is one form of chain store. In 2004, the world's largest retail chain, Walmart, became the world's largest corporation based on gross sales. In 1792, Henry Walton Smith and his wife Anna established W.H. Smith as a news vending business in London that would become a national concern in the mid-19th