Wazua
»
Investor
»
Economy
»
Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
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.
|
|
|
Rank: Member Joined: 1/31/2007 Posts: 304
|
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.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,548 Location: nairobi
|
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
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
|
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.
|
|
|
Rank: Elder Joined: 2/16/2007 Posts: 2,114
|
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]
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
|
|
|
Rank: Member Joined: 5/21/2014 Posts: 184
|
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
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,548 Location: nairobi
|
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
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
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.
|
|
|
Rank: Member Joined: 1/31/2007 Posts: 304
|
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.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
moneydust 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. 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. Nakumatt and Naivas operate on different models Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 5/9/2007 Posts: 13,095
|
Ericsson wrote:moneydust 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. 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. Nakumatt and Naivas operate on different models Please explain
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
Naivas is a relatively low cost high volume model and deal mostly in fast moving consumer goods.That's why you don't find them in expensive and fancy shopping malls. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 5/9/2007 Posts: 13,095
|
Ericsson wrote:Naivas is a relatively low cost high volume model and deal mostly in fast moving consumer goods.That's why you don't find them in expensive and fancy shopping malls.
That should not be a big factor though. Further, we recently did a comparison and the price differences and the difference per price is in shillings, if not at par. Surprisingly some items were even slightly higher in Naivas.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
washiku wrote:Ericsson wrote:Naivas is a relatively low cost high volume model and deal mostly in fast moving consumer goods.That's why you don't find them in expensive and fancy shopping malls.
That should not be a big factor though. Further, we recently did a comparison and the price differences and the difference per price is in shillings, if not at par. Surprisingly some items were even slightly higher in Naivas. Items it's true.Compare the rent the two pay Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
|
Ericsson wrote:washiku wrote:Ericsson wrote:Naivas is a relatively low cost high volume model and deal mostly in fast moving consumer goods.That's why you don't find them in expensive and fancy shopping malls.
That should not be a big factor though. Further, we recently did a comparison and the price differences and the difference per price is in shillings, if not at par. Surprisingly some items were even slightly higher in Naivas. Items it's true.Compare the rent the two pay Aren't big supermarket chains in a position to armtwist landlords and agents knowing that they'll be anchor tenants?
|
|
|
Rank: Chief Joined: 5/9/2007 Posts: 13,095
|
Ericsson wrote:washiku wrote:Ericsson wrote:Naivas is a relatively low cost high volume model and deal mostly in fast moving consumer goods.That's why you don't find them in expensive and fancy shopping malls.
That should not be a big factor though. Further, we recently did a comparison and the price differences and the difference per price is in shillings, if not at par. Surprisingly some items were even slightly higher in Naivas. Items it's true.Compare the rent the two pay By the way on the rent I heard they usually agree on a percentage of their sales? Found that interesting.
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
washiku wrote:Ericsson wrote:washiku wrote:Ericsson wrote:Naivas is a relatively low cost high volume model and deal mostly in fast moving consumer goods.That's why you don't find them in expensive and fancy shopping malls.
That should not be a big factor though. Further, we recently did a comparison and the price differences and the difference per price is in shillings, if not at par. Surprisingly some items were even slightly higher in Naivas. Items it's true.Compare the rent the two pay By the way on the rent I heard they usually agree on a percentage of their sales? Found that interesting. Which landlord would agree to such an arrangement? Life is short. Live passionately.
|
|
|
Rank: Chief Joined: 5/9/2007 Posts: 13,095
|
sparkly wrote:washiku wrote:Ericsson wrote:washiku wrote:Ericsson wrote:Naivas is a relatively low cost high volume model and deal mostly in fast moving consumer goods.That's why you don't find them in expensive and fancy shopping malls.
That should not be a big factor though. Further, we recently did a comparison and the price differences and the difference per price is in shillings, if not at par. Surprisingly some items were even slightly higher in Naivas. Items it's true.Compare the rent the two pay By the way on the rent I heard they usually agree on a percentage of their sales? Found that interesting. Which landlord would agree to such an arrangement? Am told many used to agree given that turnover for Nakumatt used to be quite attractive.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
|
washiku wrote:sparkly wrote:washiku wrote:Ericsson wrote:washiku wrote:Ericsson wrote:Naivas is a relatively low cost high volume model and deal mostly in fast moving consumer goods.That's why you don't find them in expensive and fancy shopping malls.
That should not be a big factor though. Further, we recently did a comparison and the price differences and the difference per price is in shillings, if not at par. Surprisingly some items were even slightly higher in Naivas. Items it's true.Compare the rent the two pay By the way on the rent I heard they usually agree on a percentage of their sales? Found that interesting. Which landlord would agree to such an arrangement? Am told many used to agree given that turnover for Nakumatt used to be quite attractive. And many of the mall owners are Indians Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Wazua
»
Investor
»
Economy
»
Nakumatt: Another ailing Kenyan company
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.
|