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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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sqft wrote:Interestingly, in Kigali Rwanda where there is a plastic paper ban, nakumatt branches there use paper bags. They should have just replicated what they do in rwanda here in Kenya. That would have given them a head start against other supermarkets. But instead they have chosen to inconvenience customers.  How does a paper bag looks like? Let's call paper bag what it is and polythene bag what it is. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/31/2007 Posts: 304
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obiero wrote:hardwood wrote:Lolest! wrote:Meanwhile Naivas opens a new branch at Ridgeways opposite Nakumatt Ridgeways without any debt...
It's not an industry thing I said the future of retailing is Naivas. And Quickmatt. And chadarana. The Naivas guys should be careful.. Our economy won't support their expansion especially if the same is credit driven Nakumatt problems began when Harun Mwau exited the company.I wonder why  ...could it be they used the firms cash to pay him off hence the big hole in working capital?.Only they can tell us the truth.The issue of the economy being the problem is a red herring.For heavens sake customers pay cash, while suppliers supply on credit so why should we have empty shelves watu waseme ukweli.
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Rank: Elder Joined: 6/23/2009 Posts: 14,256 Location: nairobi
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moneydust wrote:obiero wrote:hardwood wrote:Lolest! wrote:Meanwhile Naivas opens a new branch at Ridgeways opposite Nakumatt Ridgeways without any debt...
It's not an industry thing I said the future of retailing is Naivas. And Quickmatt. And chadarana. The Naivas guys should be careful.. Our economy won't support their expansion especially if the same is credit driven Nakumatt problems began when Harun Mwau exited the company.I wonder why ...could it be they used the firms cash to pay him off hence the big hole in working capital?.Only they can tell us the truth.The issue of the economy being the problem is a red herring.For heavens sake customers pay cash, while suppliers supply on credit so why should we have empty shelves watu waseme ukweli. Its the customers that have gone burst, leading to slow sales, leading to cash flow constraints, then the empty shelves, unpaid salaries, closed outlets.. http://www.businessdaily...001078-johxua/index.html
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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obiero wrote:moneydust wrote:obiero wrote:hardwood wrote:[quote=Lolest!]Meanwhile Naivas opens a new branch at Ridgeways opposite Nakumatt Ridgeways without any debt...
It's not an industry thing I said the future of retailing is Naivas. And Quickmatt. And chadarana. The Naivas guys should be careful.. Our economy won't support their expansion especially if the same is credit driven Nakumatt problems began when Harun Mwau exited the company.I wonder why ...could it be they used the firms cash to pay him off hence the big hole in working capital?.Only they can tell us the truth.The issue of the economy being the problem is a red herring.For heavens sake customers pay cash, while suppliers supply on credit so why should we have empty shelves watu waseme ukweli. Its the customers that have gone burst, leading to slow sales, leading to cash flow constraints, then the empty shelves, unpaid salaries, closed outlets.. http://www.businessdaily...01078-johxua/index.html[/quote] No! Nakumatt is losing customers due to empty shelves.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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LOL..so this a brown plastic bag? [https://youtu.be/1NZCtxrtzxgquote=Impunity] sqft wrote:Interestingly, in Kigali Rwanda where there is a plastic paper ban, nakumatt branches there use paper bags. They should have just replicated what they do in rwanda here in Kenya. That would have given them a head start against other supermarkets. But instead they have chosen to inconvenience customers. How does a paper bag looks like? Let's call paper bag what it is and polythene bag what it is.[/quote]
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Rank: Member Joined: 5/21/2014 Posts: 184
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Ericsson wrote:Nakumatt woes is due to lack of credit ....When things start crumbling that is when the concept of goodwill (from suppliers) becomes very real. That is the challenge of any business operating in retail. When a retailer is strained and ALL creditors come knocking, that is when the effects of bad cashflow management, fraud, etc crystalise and there is no more room for robbing Peter to pay Paul. There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 6/23/2009 Posts: 14,256 Location: nairobi
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Lolest! wrote:obiero wrote:moneydust wrote:obiero wrote:hardwood wrote:[quote=Lolest!]Meanwhile Naivas opens a new branch at Ridgeways opposite Nakumatt Ridgeways without any debt...
It's not an industry thing I said the future of retailing is Naivas. And Quickmatt. And chadarana. The Naivas guys should be careful.. Our economy won't support their expansion especially if the same is credit driven Nakumatt problems began when Harun Mwau exited the company.I wonder why ...could it be they used the firms cash to pay him off hence the big hole in working capital?.Only they can tell us the truth.The issue of the economy being the problem is a red herring.For heavens sake customers pay cash, while suppliers supply on credit so why should we have empty shelves watu waseme ukweli. Its the customers that have gone burst, leading to slow sales, leading to cash flow constraints, then the empty shelves, unpaid salaries, closed outlets.. http://www.businessdaily...01078-johxua/index.html[/quote] No! Nakumatt is losing customers due to empty shelves. Naivas acting like a true vulture http://www.businessdaily...003822-p8roo0/index.html
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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obiero wrote:Lolest! wrote:obiero wrote:moneydust wrote:obiero wrote:hardwood wrote:[quote=Lolest!]Meanwhile Naivas opens a new branch at Ridgeways opposite Nakumatt Ridgeways without any debt...
It's not an industry thing I said the future of retailing is Naivas. And Quickmatt. And chadarana. The Naivas guys should be careful.. Our economy won't support their expansion especially if the same is credit driven Nakumatt problems began when Harun Mwau exited the company.I wonder why ...could it be they used the firms cash to pay him off hence the big hole in working capital?.Only they can tell us the truth.The issue of the economy being the problem is a red herring.For heavens sake customers pay cash, while suppliers supply on credit so why should we have empty shelves watu waseme ukweli. Its the customers that have gone burst, leading to slow sales, leading to cash flow constraints, then the empty shelves, unpaid salaries, closed outlets.. http://www.businessdaily...01078-johxua/index.html[/quote] No! Nakumatt is losing customers due to empty shelves. Naivas acting like a true vulture http://www.businessdaily...03822-p8roo0/index.html Naivas is the future of retail in Kenya.
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Rank: Member Joined: 1/31/2007 Posts: 304
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Lolest! wrote:obiero wrote:moneydust wrote:obiero wrote:hardwood wrote:[quote=Lolest!]Meanwhile Naivas opens a new branch at Ridgeways opposite Nakumatt Ridgeways without any debt...
It's not an industry thing I said the future of retailing is Naivas. And Quickmatt. And chadarana. The Naivas guys should be careful.. Our economy won't support their expansion especially if the same is credit driven Nakumatt problems began when Harun Mwau exited the company.I wonder why ...could it be they used the firms cash to pay him off hence the big hole in working capital?.Only they can tell us the truth.The issue of the economy being the problem is a red herring.For heavens sake customers pay cash, while suppliers supply on credit so why should we have empty shelves watu waseme ukweli. Its the customers that have gone burst, leading to slow sales, leading to cash flow constraints, then the empty shelves, unpaid salaries, closed outlets.. http://www.businessdaily...01078-johxua/index.html[/quote] No! Nakumatt is losing customers due to empty shelves. I beg to differ..it is not the economy,Nakumatt cannot be wobbling while Naivas is expanding and yet they operate in the same market.
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Nakumatt: Another ailing Kenyan company
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