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Shankara Building Products to close retail stores in four locations

18 Jan 2021 Evaluate

Shankara Building Products has decided to close retail stores in four locations i.e. Rourkela (Odisha), Jalahalli (Bengaluru), Harohalli (Bengaluru) and Cherlapally (Hyderabad), as company has identify some retail stores where it does not find substantial scale up opportunities in the medium term. The net store count after these measures will stand at 97 stores. 

Shankara Building Products is a leading organized retailer of home improvement and building products in India, Operating under the brand name ‘Shankara Buildpro’.

Peers
Company Name CMP
Avenue Supermarts 3738.00
Trent 2778.05
Vishal Mega Mart 101.00
PN Gadgil Jewellers 607.00
Aditya Birla Life 81.06
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