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Uchumi - A value play?
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Ericsson
#321 Posted : Wednesday, December 13, 2017 11:02:22 AM
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Joined: 12/4/2009
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http://kenya.uchumicorpo...s/stories/restock22.pdf

Restocking being done after Julius Kipngetich left.
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  | | Edit by user: Wednesday, December 13, 2017 11:17 AM | Reason: Not specified
Wororo
#322 Posted : Wednesday, December 13, 2017 12:36:40 PM
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Joined: 1/30/2011
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Swenani
#323 Posted : Thursday, January 25, 2018 8:43:36 PM
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Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
capital centre to be closed end month

Quote:
Uchumi Supermarkets UCHM • 3.55 ▼ 6.58% is set to close its Jipange (Ruaraka) and Capital Centre branches at the end of this month and seek out space at more profitable locations.

The retailer, which is in the market for an equity investor to bail them out, says it will not renew the leases for the two low-performing outlets when they come to an end next Wednesday.

Uchumi has been an anchor tenant at Mombasa Road’s Capital Center Mall for over two decades while the Jipange shop (located along Thika Road) has been operational for over five years.
If Obiero did it, Who Am I?
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Ericsson
#324 Posted : Thursday, January 25, 2018 8:56:13 PM
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No investor so far
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Ericsson
#325 Posted : Thursday, January 25, 2018 9:34:55 PM
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Sarit center branch to be closed in April
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Pesa Nane
#326 Posted : Thursday, January 25, 2018 9:59:19 PM
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Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#327 Posted : Thursday, January 25, 2018 11:00:19 PM
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Pesa Nane wrote:


Seems the capital center management forced Uchumi out by the renovations they were doing
Nairobi Hospital is set to take up the space
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VituVingiSana
#328 Posted : Friday, January 26, 2018 7:49:27 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,343
Location: Nairobi
Ericsson wrote:
Sarit center branch to be closed in April

That was Uchumi's flagship branch. When it opened there was so much excitement as it was the first of its kind [large, airy, in a shopping mall, well-stocked, etc] in EAC.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#329 Posted : Friday, January 26, 2018 7:53:54 AM
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Joined: 1/3/2007
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Location: Nairobi
Ericsson wrote:
Pesa Nane wrote:


Seems the capital center management forced Uchumi out by the renovations they were doing
Nairobi Hospital is set to take up the space

Not surprising. A good move by CC. Replacing Uchumi with Naivas, Tuskys or Carrefour would boost traffic/footfall to the mall.
I read that Sarit wants a larger supermarket i.e. one that can take up more space and if Uchumi can't hack it then Carrefour (or Tuskys/Naivas) may take over the expanded space. I passed by SC and it seems they are increasing the mall's lettable space 3x.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#330 Posted : Friday, January 26, 2018 8:13:50 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Pesa Nane wrote:


Seems the capital center management forced Uchumi out by the renovations they were doing
Nairobi Hospital is set to take up the space

Not surprising. A good move by CC. Replacing Uchumi with Naivas, Tuskys or Carrefour would boost traffic/footfall to the mall.
I read that Sarit wants a larger supermarket i.e. one that can take up more space and if Uchumi can't hack it then Carrefour (or Tuskys/Naivas) may take over the expanded space. I passed by SC and it seems they are increasing the mall's lettable space 3x.


Carrefour is taking over. Tuskys and Naivas go cheap malls.
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