wazua Wed, Mar 18, 2026
Welcome Guest Search | Active Topics | Log In

40 Pages«<2021222324>»
Uchumi - A value play?
Options
Previous Topic · Next Topic
jgithige
#316 Posted : Friday, December 08, 2017 12:36:43 PM
Rank: Member

Joined: 7/10/2014
Posts: 145
Location: Nairobi
Pirate wrote:
obiero wrote:
VituVingiSana wrote:
Gathige wrote:
VituVingiSana wrote:
Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt.


At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving

Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees.

There's no better way forward than what @vvs suggests. This is a small business with no national importance hence no need for GOK influence/support


Unlike Nakumatt , Uchumi have real estate assets that can be leveraged to get in a strategic investor. How much is owed to suppliers?


Laughing out loudly Laughing out loudly Laughing out loudly Exiting CEO leaves shelves emptier than he found them. Ref DAILY NATION DEC 8 2017 PG.31
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
Back to top
  |
Ericsson
#317 Posted : Sunday, December 10, 2017 11:06:31 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
http://www.theeastafrica...221740-7ufo3w/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
uchumi
#318 Posted : Wednesday, December 13, 2017 8:03:59 AM
Rank: Member

Joined: 9/16/2006
Posts: 234
finally uchumi has commence re-stocking of their branches starting today.
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
Back to top
  |
Angelica _ann
#319 Posted : Wednesday, December 13, 2017 8:07:40 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
uchumi wrote:
finally uchumi has commence re-stocking of their branches starting today.

Coming from @uchumi itself smile
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
  |
watesh
#320 Posted : Wednesday, December 13, 2017 9:31:16 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
uchumi wrote:
finally uchumi has commence re-stocking of their branches starting today.

Still has a long way to go. Has to regain customers trust plus keep shelves stocked up
Back to top
WWW
  |
Ericsson
#321 Posted : Wednesday, December 13, 2017 11:02:22 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
http://kenya.uchumicorpo...s/stories/restock22.pdf

Restocking being done after Julius Kipngetich left.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  | | Edit by user: Wednesday, December 13, 2017 11:17 AM | Reason: Not specified
Wororo
#322 Posted : Wednesday, December 13, 2017 12:36:40 PM
Rank: Member

Joined: 1/30/2011
Posts: 207
Back to top
  |
Swenani
#323 Posted : Thursday, January 25, 2018 8:43:36 PM
Rank: User

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?
Back to top
WWW
  |
Ericsson
#324 Posted : Thursday, January 25, 2018 8:56:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
No investor so far
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ericsson
#325 Posted : Thursday, January 25, 2018 9:34:55 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Sarit center branch to be closed in April
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Pesa Nane
#326 Posted : Thursday, January 25, 2018 9:59:19 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
  |
Ericsson
#327 Posted : Thursday, January 25, 2018 11:00:19 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
VituVingiSana
#328 Posted : Friday, January 26, 2018 7:49:27 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
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
Back to top
  |
VituVingiSana
#329 Posted : Friday, January 26, 2018 7:53:54 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
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
Back to top
  |
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.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
40 Pages«<2021222324>»
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.