Announced Sat, 20 Jun · 16:28 IST
Electronics Mart to close two brand outlets at Nexus Mall Hyderabad
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AI summary
Electronics Mart India will close two Exclusive Brand Outlets, Kitchen Stories and Samsung, at Nexus Mall Hyderabad effective 21 June 2026. The decision follows a review of their business performance. The company says the closure is part of ongoing retail network optimization, with a focus on expanding Multi-Brand Outlets. It will have no material impact on overall operations or financials. Employees from these stores will be redeployed to nearby outlets.
Likely market impact
Minor store closure with no material impact on operations or financials; signals a strategic shift toward Multi-Brand Outlets.