Electronics Mart India Limited has announced the closure of two of its Exclusive Brand Outlets (EBOs) located in Nexus Mall, Hyderabad. The outlets, operating under the “Kitchen Stories” and “Samsung” brands, will cease operations effective June 21, 2026. This strategic decision is aimed at optimizing the company’s retail network and strengthening its focus on multi-brand outlets (MBOs).
Strategic Retail Network Optimization
Electronics Mart India Limited has made a strategic decision to close the operations of two of its Exclusive Brand Outlets (EBOs). The affected outlets are the “Kitchen Stories” outlet at Unit No. TF 311 and the “Samsung” outlet at Unit No. TF 314 & 315, both located on the Third Floor of Nexus Mall, Hyderabad. These closures are scheduled to be effective from June 21, 2026.
Rationale Behind the Closure
The decision to close these two EBOs was made after a thorough evaluation of their business performance. This move aligns with the Company’s broader strategic business plans, which include strengthening and expanding its presence through Multi-Brand Outlets (MBOs) and optimizing its overall retail network. The company assures that this closure is part of an ongoing optimization exercise and is not expected to have a material impact on its overall operations or financial performance.
Commitment to Employees and Customers
Electronics Mart India Limited emphasized that this transition will not adversely affect its employees. All staff members from the affected outlets will be redeployed to nearby outlets, ensuring continuity of employment. Furthermore, the company has committed to maintaining uninterrupted customer service. The company assures all stakeholders of its commitment to supporting employees and customers throughout this transition period.
Source: BSE
