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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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KulaRaha wrote:murchr wrote:Chaka wrote:Ok,so amazing arrangement=amazing sales? Pesa Nane wrote:Chaka wrote:How is Uchumi faring?Have not been to any branch in a while? Maybe not amazing sales, but that sure is some amazing confidence from suppliers. Seems like Uchumi is finally paying bills. Really? Many suppliers wrote off receivables from Uchumi as a loss in December last year. You really think they would go back and supply after that? Fiction. That pic doesnt look like fiction to me "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Kausha wrote:Nakumatt banks at Standard Chartered principally Plus KCB....Most POS are usually linked to KCB account
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Nakumatt to close more branches in an operation targeting poorly performing units in Uganda and Kenya, says no staff will lose job. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Ericsson wrote:Nakumatt to close more branches in an operation targeting poorly performing units in Uganda and Kenya, says no staff will lose job. I think all the Juice manufactures pulled out of Nakumatt too...
BBI will solve it :)
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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Ericsson wrote:Nakumatt to close more branches in an operation targeting poorly performing units in Uganda and Kenya, says no staff will lose job. How will no staff loose their job
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 7/12/2016 Posts: 39 Location: Nairobi
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I long tired of going to Nakumatt & missing my favourite brands,then having to go to another supermarket to finish my shopping.These days I go to Chandarana Food plus ABC place. Though small, it is what Nakumatt used to be. Very well stocked with local and imported brands.Going by the number and diversity of customers,I believe they're reaping from Nakumatt's misfortunes. I also hear good things about Carrefore, though like Chandarana their locations are limited. Iganamagana wrote:Ericsson wrote:@Lolest
The suppliers have found better paying customers i.e who will pay earlier than 90 days.
The next demise to Nakumatt will be when shoppers start shunning its branches and go to alternatives Happening.
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Surething wrote:I long tired of going to Nakumatt & missing my favourite brands,then having to go to another supermarket to finish my shopping.These days I go to Chandarana Food plus ABC place. Though small, it is what Nakumatt used to be. Very well stocked with local and imported brands.Going by the number and diversity of customers,I believe they're reaping from Nakumatt's misfortunes. I also hear good things about Carrefore, though like Chandarana their locations are limited. Iganamagana wrote:Ericsson wrote:@Lolest
The suppliers have found better paying customers i.e who will pay earlier than 90 days.
The next demise to Nakumatt will be when shoppers start shunning its branches and go to alternatives Happening. Lately I don't even bother going into Nakumatt, I just head to Naivas when in Mombasa or Quickmart when in Kiambu, must say with the long queues and full parking of late in these two places the Nakumatt fail is a win for others, suppliers on the other hand have been told to wait longer as Nakumatt, those who can't wait have been told that Nakumatt can only pay if compelled by court order. To Each His Own
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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kayhara wrote:Surething wrote:I long tired of going to Nakumatt & missing my favourite brands,then having to go to another supermarket to finish my shopping.These days I go to Chandarana Food plus ABC place. Though small, it is what Nakumatt used to be. Very well stocked with local and imported brands.Going by the number and diversity of customers,I believe they're reaping from Nakumatt's misfortunes. I also hear good things about Carrefore, though like Chandarana their locations are limited. Iganamagana wrote:Ericsson wrote:@Lolest
The suppliers have found better paying customers i.e who will pay earlier than 90 days.
The next demise to Nakumatt will be when shoppers start shunning its branches and go to alternatives Happening. Lately I don't even bother going into Nakumatt, I just head to Naivas when in Mombasa or Quickmart when in Kiambu, must say with the long queues and full parking of late in these two places the Nakumatt fail is a win for others, suppliers on the other hand have been told to wait longer as Nakumatt, those who can't wait have been told that Nakumatt can only pay if compelled by court order. Missed my whitecap at Galleria and Embakasi over the weekend...smh possunt quia posse videntur
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Rank: Elder Joined: 8/4/2008 Posts: 2,849 Location: Rupi
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Bigchick wrote:Pesa Nane wrote:When is the announcement?
Nakumatt Embakassi is moving yo the new mall afew meters away from current location.Maybe the reason..... The current location is awful Lord, thank you!
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Rank: Elder Joined: 8/4/2008 Posts: 2,849 Location: Rupi
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uchumi wrote:At least they have really improved compared to last year.stock levels have really improved @Uchumi unajitetea ama? Anyway its high time I visited Uchumi Lord, thank you!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Euge wrote:uchumi wrote:At least they have really improved compared to last year.stock levels have really improved @Uchumi unajitetea ama? Anyway its high time I visited Uchumi Will it survive? possunt quia posse videntur
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Rank: Member Joined: 3/9/2012 Posts: 144
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π©π©π©π©π©.... so does this create space C4 or Game to take over where nkmt was?ππ©ππππ’π’π’ I found meaningful workπ€
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Nakumatt yet to pay May salaries, citing a delay in restructuring deal. linkTime is money, so money is time. Money saved is time gained in reverse! Money stores your lifeβs energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Most of their landlords haven't been paid rent for 6 months...word is they are getting together to take action. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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KulaRaha wrote:Most of their landlords haven't been paid rent for 6 months...word is they are getting together to take action. This government has presided over the largest economic sabotage in African history.. Over 15,000 jobs lost with countless industries crippled. It's sad really
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:KulaRaha wrote:Most of their landlords haven't been paid rent for 6 months...word is they are getting together to take action. This government has presided over the largest economic sabotage in African history.. Over 15,000 jobs lost with countless industries crippled. It's sad really Sad...  possunt quia posse videntur
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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obiero wrote:KulaRaha wrote:Most of their landlords haven't been paid rent for 6 months...word is they are getting together to take action. This government has presided over the largest economic sabotage in African history.. Over 15,000 jobs lost with countless industries crippled. It's sad really Nakumatt isn't the government's fault...its the shareholders' at play. Misplaced. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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KulaRaha wrote:obiero wrote:KulaRaha wrote:Most of their landlords haven't been paid rent for 6 months...word is they are getting together to take action. This government has presided over the largest economic sabotage in African history.. Over 15,000 jobs lost with countless industries crippled. It's sad really Nakumatt isn't the government's fault...its the shareholders' at play. Misplaced. Achana na Obiero Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:KulaRaha wrote:obiero wrote:KulaRaha wrote:Most of their landlords haven't been paid rent for 6 months...word is they are getting together to take action. This government has presided over the largest economic sabotage in African history.. Over 15,000 jobs lost with countless industries crippled. It's sad really Nakumatt isn't the government's fault...its the shareholders' at play. Misplaced. Achana na Obiero Pure mismanagement & capital flight In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Nakumatt: Another ailing Kenyan company
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