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Nakumatt: Another ailing Kenyan company

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Impunity		#231 Posted : Wednesday, June 28, 2017 3:26:16 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		Ericsson wrote: Yaya Center/Kilimani they have a branch Chandarana ni ya nani? Chandaria ama Ubako? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Gatheuzi		#232 Posted : Wednesday, June 28, 2017 7:22:53 AM
Rank: Veteran Joined: 8/16/2009 Posts: 994		Impunity wrote: Ericsson wrote: Yaya Center/Kilimani they have a branch Chandarana ni ya nani? Chandaria ama Ubako? It was founded in 1964 when Shantilal Mulji Thakkar opened the first "duka" in 1964. Over years it transformed into a supermarket. Even after his demise by 2013 the establishment was largely a family business run by his 3 sons. link Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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obiero		#233 Posted : Wednesday, June 28, 2017 7:26:48 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,258 Location: nairobi		Gatheuzi wrote: Impunity wrote: Ericsson wrote: Yaya Center/Kilimani they have a branch Chandarana ni ya nani? Chandaria ama Ubako? It was founded in 1964 when Shantilal Mulji Thakkar opened the first "duka" in 1964. Over years it transformed into a supermarket. Even after his demise by 2013 the establishment was largely a family business run by his 3 sons. link Kibaki could never be part of this business called Chandarana
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Lolest!		#234 Posted : Wednesday, June 28, 2017 9:21:29 AM
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma		Sober wrote: hardwood wrote: obiero wrote: Ericsson wrote: Similar products are priced higher in Nakumatt than in Tuskys http://www.businessdaily...87532-tv1hlq/index.html Nakumatt should be liquidated,suppliers paid their debt and the chain folded.Naivas and Tuskys can fill the gap Shindwe The future of retailing in Kenya is Naivas and Chandarana. I cannot agree with you more, Chandarana have been very strategic in their expansion plan. doing like one or two stores after a couple of years. Naivas are holding some key locations, a case in point is the westlands one that is always full and will never dissapoint when one needs household goods including mboga. Naivas will be king soon Some years back, I hadn't shopped at any of their branches. Now they're everywhere. Outside Nairobi they have a good footprint
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2012		#235 Posted : Wednesday, June 28, 2017 12:34:01 PM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		Lolest! wrote: Sober wrote: hardwood wrote: obiero wrote: Ericsson wrote: Similar products are priced higher in Nakumatt than in Tuskys http://www.businessdaily...87532-tv1hlq/index.html Nakumatt should be liquidated,suppliers paid their debt and the chain folded.Naivas and Tuskys can fill the gap Shindwe The future of retailing in Kenya is Naivas and Chandarana. I cannot agree with you more, Chandarana have been very strategic in their expansion plan. doing like one or two stores after a couple of years. Naivas are holding some key locations, a case in point is the westlands one that is always full and will never dissapoint when one needs household goods including mboga. Naivas will be king soon Some years back, I hadn't shopped at any of their branches. Now they're everywhere. Outside Nairobi they have a good footprint I think Carrefour is the one to watch since they have experience elsewhere. Somehowly, our local supermarkets start disintegrating when they grow big. BBI will solve it :)
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KulaRaha		#236 Posted : Wednesday, June 28, 2017 12:47:45 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		hardwood wrote: The future of retailing in Kenya is Naivas and Chandarana. Both are also struggling to pay suppliers btw...just ask around. There is a sickness in big retail, and that sickness is called siphoning... Business opportunities are like buses,there's always another one coming
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wukan		#237 Posted : Wednesday, June 28, 2017 1:04:40 PM
Rank: Veteran Joined: 11/13/2015 Posts: 1,655		KulaRaha wrote: hardwood wrote: The future of retailing in Kenya is Naivas and Chandarana. Both are also struggling to pay suppliers btw...just ask around. There is a sickness in big retail, and that sickness is called siphoning... Kenyans don't have purchasing power for big retail. If you ask the retailers who are their biggest customers(size of basket) it's mostly the expatriates, NGO's and diplomats. Nakumatt actually did the expansion when the oil expats were around before the oil prices tanked. Formal retail occupies less than 30% of the market, the mama mbogas, hawkers, small kiosks and stall control the 70%. Convenient stores is what you need for kenyan retail.
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KulaRaha		#238 Posted : Wednesday, June 28, 2017 2:18:08 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		I also think expansion is haphazard. Look at Chandarana, they have a branch in Two Rivers and another in Rosslyn Riviera. Logic? Business opportunities are like buses,there's always another one coming
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Swenani		#239 Posted : Wednesday, June 28, 2017 2:51:37 PM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		If Obiero did it, Who Am I?
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Surething		#240 Posted : Wednesday, June 28, 2017 9:53:51 PM
Rank: New-farer Joined: 7/12/2016 Posts: 39 Location: Nairobi		My only tie with Nakumatt is their loyalty card where I have accumulated 13,000 points...... I wonder whether we'll ever have a chance to redeem them?
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