
Business Update31 Aug 2026, 06:51 pm
Electronics Mart India to Close Hyderabad Outlet
AI Summary
Electronics Mart India Limited has announced the closure of its Multi-Brand Outlet (MBO) named 'Audio & Beyond' located in Nexus Mall, Hyderabad. The closure is effective from August 31, 2026. This decision stems from a review of the outlet's business performance and aligns with the company's strategic objectives to optimize its retail network. The company aims to focus on more strategically located and better-performing outlets. Electronics Mart India assures stakeholders that employees from the affected outlet will be redeployed to nearby locations, ensuring job continuity and uninterrupted customer service.
Key Highlights
- Electronics Mart India is closing one 'Audio & Beyond' MBO in Hyderabad.
- Closure is effective August 31, 2026, due to performance and strategy.
- The company plans to optimize its retail network.
- Employee redeployment to nearby outlets is planned.
- This is a strategic move to enhance retail network efficiency.
Price Impact
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