StockWatch
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Speciality Retail
Business Update20 Jun 2026, 04:30 pm

Electronics Mart India Closes Two Exclusive Brand Outlets

AI Summary

Electronics Mart India Limited has decided to close two of its Exclusive Brand Outlets (EBOs), 'Kitchen Stories' and 'Samsung', located at Nexus Mall, Hyderabad, effective June 21, 2026. This decision follows an evaluation of business performance and aligns with the company's strategy to focus on Multi-Brand Outlets (MBOs) and optimize its retail network. The company assures that this closure will not materially impact its overall operations or financial performance. Employees from the affected outlets will be redeployed to nearby locations, ensuring continuity of employment and customer service.

Key Highlights

  • Closure of two EBOs: 'Kitchen Stories' and 'Samsung'.
  • Strategic shift towards Multi-Brand Outlets (MBOs).
  • No material impact expected on overall operations or financials.
  • Employee redeployment to nearby outlets planned.