Draft:ELKO (electronics retailer)

ELKO ( Icelandic: [ɛl̥kouː]) is an Icelandic consumer electronics and home appliance retail chain. It operates five locations in Iceland, three in the Capital Region, one in Akureyri and one in the Keflavík International Airport. ELKO is the Icelandic variant of the Nordic Elkjøp chain, which operates various retail chains across the nordic countries. The first store was opened in 1998 and it has become the largest electronics retailer in the country.

ELKO is a subsidiary of holding company Festi hf. which aquired majority stake in 2018, joining with the supermarket chain Krónan, the petrol station and automotive service company N1 and the warehouse service Bakkinn Vöruhótel. In 2023 the company employed around 220 people.

Timeline

 * On the 28th of February 1998 ELKOs’ first store opened in Smáratorg mall in Kópavogur.
 * In 2004 they opened their second store in Skeifan commercial area.
 * In 2007 ELKO launched their website and webstore, later that year they also opened a store in the international Airport in Keflavík.
 * In 2008 the first store in Smáratorg mall was moved to a new, larger shopping complex in the same area in Kópavogur.
 * In 2010 a store was opened in Grandi closer to Reykjavík City Center.
 * In 2013 ELKO was aquired by the investment firm Stefnir hf.
 * In 2018 ELKO was aquired by the holding company Festi hf.
 * In 2020 ELKO opened a store in Akureyri in Northern Iceland.