wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

73 Pages«<4546474849>»
Nakumatt: Another ailing Kenyan company
Options
Previous Topic · Next Topic
sqft
#461 Posted : Monday, October 02, 2017 10:21:12 AM
Rank: Veteran

Joined: 1/10/2015
Posts: 961
Location: Kenya
Was at Nakumatt Galleria and was shocked by what I saw. It should be next to shut down.
Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
Back to top
  |
sqft
#462 Posted : Monday, October 02, 2017 10:35:00 AM
Rank: Veteran

Joined: 1/10/2015
Posts: 961
Location: Kenya
KulaRaha wrote:
watesh wrote:
Impunity wrote:
Ericsson wrote:
Nakumatt exits junction mall


That's a perfect junction for carre4.
I hope they seize the chance immediately.

Best choice for a replacement


Word is that deal is already done, just like TRM.


We should support local supermarkets. Not foreign ones that repatriate all their profits leaving the country poorer. Also I understand carre4 is very unfriendly to suppliers since they have to pay millions to have their products stocked at carre4 as well as monthly fees, and you are also charged everytime when you deliver fresh stock.

http://www.businessdaily...92/-/frvm0v/-/index.html
Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
Back to top
  |
sqft
#463 Posted : Monday, October 02, 2017 10:47:56 AM
Rank: Veteran

Joined: 1/10/2015
Posts: 961
Location: Kenya
Ericsson wrote:
Nakumatt exits junction mall


They didnt "exit", they were "kicked out" due to rent arrears.
Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
Back to top
  |
Gathige
#464 Posted : Monday, October 02, 2017 11:13:02 AM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
sqft wrote:
Ericsson wrote:
Nakumatt exits junction mall


They didnt "exit", they were "kicked out" due to rent arrears.



So what happens to the suppliers merchandise when the store is cramped in such a manner?
"Things that matter most must never be at the mercy of things that matter least." Goethe
Back to top
  |
KulaRaha
#465 Posted : Monday, October 02, 2017 11:33:51 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
sqft wrote:
KulaRaha wrote:
watesh wrote:
Impunity wrote:
[quote=Ericsson]Nakumatt exits junction mall


That's a perfect junction for carre4.
I hope they seize the chance immediately.

Best choice for a replacement


Word is that deal is already done, just like TRM.


We should support local supermarkets. Not foreign ones that repatriate all their profits leaving the country poorer. Also I understand carre4 is very unfriendly to suppliers since they have to pay millions to have their products stocked at carre4 as well as monthly fees, and you are also charged everytime when you deliver fresh stock.

http://www.businessdaily...2/-/frvm0v/-/index.html[/quote]

Nonsense! They are the only supermarket chain paying suppliers...Naivas and Tuskys are just as bad as Nakumatt, minimum wait is 120 days.
Business opportunities are like buses,there's always another one coming
Back to top
  |
Pesa Nane
#466 Posted : Monday, October 02, 2017 2:09:40 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Back to top
  |
Angelica _ann
#467 Posted : Monday, October 02, 2017 2:18:51 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Pesa Nane wrote:


These guys are joking Sad Sad Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
  |
mlennyma
#468 Posted : Monday, October 02, 2017 3:29:15 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Angelica _ann wrote:
Pesa Nane wrote:


These guys are joking Sad Sad Sad

64m stock is a kiosk for junction standards
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  | | Edit by user: Monday, October 02, 2017 3:30 PM | Reason: Not specified
obiero
#469 Posted : Monday, October 02, 2017 6:03:35 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
mlennyma wrote:
Angelica _ann wrote:
Pesa Nane wrote:


These guys are joking Sad Sad Sad

64m stock is a kiosk for junction standards

64 million is a lot of money, but in other news; our economy is dying

KQ ABP 4.26
Back to top
WWW
  |
Mike Ock
#470 Posted : Monday, October 02, 2017 6:48:57 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
kayhara wrote:
Actually the junction is not a very nice location for any high end store, with all the better located easily accessible malls around I think that's why they let go, same with NextGen who places a mall on the way into town? even South C guys have to go round Mombasa road, TRM was a high traffic low sales store did't make business sense, if Nakumatt close Mega,Westgate, and Village market then I will know the elephant has died.


Village Market is a really bad location. Might be sandwiched between all the lucrative suburbs, but those suburbs are the least population dense places in Nairobi, so it's very low traffic. Also Village is very inaccesible on foot, so you'll not find random walk-in business there. When you go to Village, it is very pre-meditated exactly what you are going there to do.
Back to top
WWW
  |
73 Pages«<4546474849>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.