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Nakumatt: Another ailing Kenyan company
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murchr
#161 Posted : Friday, April 21, 2017 1:27:55 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
KulaRaha wrote:
murchr wrote:
Chaka wrote:
Ok,so amazing arrangement=amazing sales?

Pesa Nane wrote:
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?




Maybe not amazing sales, but that sure is some amazing confidence from suppliers. Seems like Uchumi is finally paying bills.


Really? Many suppliers wrote off receivables from Uchumi as a loss in December last year. You really think they would go back and supply after that?

Fiction.


That pic doesnt look like fiction to me
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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watesh
#162 Posted : Friday, April 21, 2017 7:25:18 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Kausha wrote:
Nakumatt banks at Standard Chartered principally

Plus KCB....Most POS are usually linked to KCB account
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Ericsson
#163 Posted : Monday, May 08, 2017 4:52:45 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
Nakumatt to close more branches in an operation targeting poorly performing units in Uganda and Kenya, says no staff will lose job.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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2012
#164 Posted : Monday, May 08, 2017 5:10:25 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Ericsson wrote:
Nakumatt to close more branches in an operation targeting poorly performing units in Uganda and Kenya, says no staff will lose job.


I think all the Juice manufactures pulled out of Nakumatt too...

BBI will solve it :)
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obiero
#165 Posted : Monday, May 08, 2017 6:53:38 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,258
Location: nairobi
Ericsson wrote:
Nakumatt to close more branches in an operation targeting poorly performing units in Uganda and Kenya, says no staff will lose job.

How will no staff loose their job

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Surething
#166 Posted : Tuesday, May 09, 2017 1:24:45 PM
Rank: New-farer

Joined: 7/12/2016
Posts: 39
Location: Nairobi
I long tired of going to Nakumatt & missing my favourite brands,then having to go to another supermarket to finish my shopping.These days I go to Chandarana Food plus ABC place. Though small, it is what Nakumatt used to be. Very well stocked with local and imported brands.Going by the number and diversity of customers,I believe they're reaping from Nakumatt's misfortunes. I also hear good things about Carrefore, though like Chandarana their locations are limited.
Iganamagana wrote:
Ericsson wrote:
@Lolest
The suppliers have found better paying customers i.e who will pay earlier than 90 days.
The next demise to Nakumatt will be when shoppers start shunning its branches and go to alternatives


Happening.
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kayhara
#167 Posted : Tuesday, May 09, 2017 4:41:58 PM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
Surething wrote:
I long tired of going to Nakumatt & missing my favourite brands,then having to go to another supermarket to finish my shopping.These days I go to Chandarana Food plus ABC place. Though small, it is what Nakumatt used to be. Very well stocked with local and imported brands.Going by the number and diversity of customers,I believe they're reaping from Nakumatt's misfortunes. I also hear good things about Carrefore, though like Chandarana their locations are limited.
Iganamagana wrote:
Ericsson wrote:
@Lolest
The suppliers have found better paying customers i.e who will pay earlier than 90 days.
The next demise to Nakumatt will be when shoppers start shunning its branches and go to alternatives


Happening.


Lately I don't even bother going into Nakumatt, I just head to Naivas when in Mombasa or Quickmart when in Kiambu, must say with the long queues and full parking of late in these two places the Nakumatt fail is a win for others, suppliers on the other hand have been told to wait longer as Nakumatt, those who can't wait have been told that Nakumatt can only pay if compelled by court order.
To Each His Own
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maka
#168 Posted : Tuesday, May 09, 2017 5:09:08 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
kayhara wrote:
Surething wrote:
I long tired of going to Nakumatt & missing my favourite brands,then having to go to another supermarket to finish my shopping.These days I go to Chandarana Food plus ABC place. Though small, it is what Nakumatt used to be. Very well stocked with local and imported brands.Going by the number and diversity of customers,I believe they're reaping from Nakumatt's misfortunes. I also hear good things about Carrefore, though like Chandarana their locations are limited.
Iganamagana wrote:
Ericsson wrote:
@Lolest
The suppliers have found better paying customers i.e who will pay earlier than 90 days.
The next demise to Nakumatt will be when shoppers start shunning its branches and go to alternatives


Happening.


Lately I don't even bother going into Nakumatt, I just head to Naivas when in Mombasa or Quickmart when in Kiambu, must say with the long queues and full parking of late in these two places the Nakumatt fail is a win for others, suppliers on the other hand have been told to wait longer as Nakumatt, those who can't wait have been told that Nakumatt can only pay if compelled by court order.



Missed my whitecap at Galleria and Embakasi over the weekend...smh
possunt quia posse videntur
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Euge
#169 Posted : Tuesday, May 09, 2017 5:23:15 PM
Rank: Elder

Joined: 8/4/2008
Posts: 2,849
Location: Rupi
Bigchick wrote:
Pesa Nane wrote:
When is the announcement?




Nakumatt Embakassi is moving yo the new mall afew meters away from current location.Maybe the reason.....


The current location is awful
Lord, thank you!
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Euge
#170 Posted : Tuesday, May 09, 2017 5:37:11 PM
Rank: Elder

Joined: 8/4/2008
Posts: 2,849
Location: Rupi
uchumi wrote:
At least they have really improved compared to last year.stock levels have really improved


@Uchumi unajitetea ama?
Anyway its high time I visited Uchumi
Lord, thank you!
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