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Uchumi - A value play?
Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Retail business is a tough nut to crack. The amount of pilferage that goes through this business ,the thin margins ,high operational cost ,it's hard to make profits.you will make revenues but unless there are proper internal controls you lose the small profits you make on the profits .worse more is our culture of theft .pilferage is both from customers na inside jobs . Evidence of this is in nakumatt,Ebrahims ,ukwala ,jack and Jill ,uchumi and other smaller retail chains. The list of fallen giants is long punda amecheka
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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FUNKY wrote:Ericsson wrote:FUNKY wrote:Angelica _ann wrote:winmak wrote:HaMaina wrote:Angelica _ann wrote:FUNKY wrote:I am sure government will not let uchumi go down due to the current economic situation This one is dead, like Mumias. Move on. Personally I'm Buying. What? You are in Mumias, now this?  it happens. Uchumi is not mumias..stores are still running although not fully stocked.. If they get the support from government they can fully stock their branches and they are back to business again To sell to which consumer/customer. They moved on to the likes of Naivas, Carrefour Uchumi brand is still in the hearts of Kenyans once it re surrects Kenyans will flock back there...carrefour has racism issues Uchumi lost the plot after they squandered the 2nd chance they were given. Lifeline gone. Hope you know how employees operated on taking goods to the selves which completely frustrated suppliers. Uchumi is gone. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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newfarer wrote:Retail business is a tough nut to crack. The amount of pilferage that goes through this business ,the thin margins ,high operational cost ,it's hard to make profits.you will make revenues but unless there are proper internal controls you lose the small profits you make on the profits .worse more is our culture of theft .pilferage is both from customers na inside jobs .
Evidence of this is in nakumatt,Ebrahims ,ukwala ,jack and Jill ,uchumi and other smaller retail chains. The list of fallen giants is long The supermarkets mentioned were purposely killed by the owners/management Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Angelica _ann wrote:FUNKY wrote:Ericsson wrote:FUNKY wrote:Angelica _ann wrote:winmak wrote:HaMaina wrote:Angelica _ann wrote:FUNKY wrote:I am sure government will not let uchumi go down due to the current economic situation This one is dead, like Mumias. Move on. Personally I'm Buying. What? You are in Mumias, now this? it happens. Uchumi is not mumias..stores are still running although not fully stocked.. If they get the support from government they can fully stock their branches and they are back to business again To sell to which consumer/customer. They moved on to the likes of Naivas, Carrefour Uchumi brand is still in the hearts of Kenyans once it re surrects Kenyans will flock back there...carrefour has racism issues Uchumi lost the plot after they squandered the 2nd chance they were given. Lifeline gone. Hope you know how employees operated on taking goods to the selves which completely frustrated suppliers. Uchumi is gone. Uchumi can't just fail. It was created as an easy outlet for Kenyan produced products, that's why many foreign products at nakumat and others were usually in very short supply at Uchumi. With the right management and support, it will succeed. But then again this is Kenya, possibilities and myths go hand in hand. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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HaMaina wrote:Angelica _ann wrote:FUNKY wrote:Ericsson wrote:FUNKY wrote:Angelica _ann wrote:winmak wrote:HaMaina wrote:Angelica _ann wrote:FUNKY wrote:I am sure government will not let uchumi go down due to the current economic situation This one is dead, like Mumias. Move on. Personally I'm Buying. What? You are in Mumias, now this? it happens. Uchumi is not mumias..stores are still running although not fully stocked.. If they get the support from government they can fully stock their branches and they are back to business again To sell to which consumer/customer. They moved on to the likes of Naivas, Carrefour Uchumi brand is still in the hearts of Kenyans once it re surrects Kenyans will flock back there...carrefour has racism issues Uchumi lost the plot after they squandered the 2nd chance they were given. Lifeline gone. Hope you know how employees operated on taking goods to the selves which completely frustrated suppliers. Uchumi is gone. Uchumi can't just fail. It was created as an easy outlet for Kenyan produced products, that's why many foreign products at nakumat and others were usually in very short supply at Uchumi. With the right management and support, it will succeed. But then again this is Kenya, possibilities and myths go hand in hand. Uchumi exists in name only. Life is short. Live passionately.
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Rank: Member Joined: 1/15/2015 Posts: 681 Location: Kenya
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sparkly wrote:HaMaina wrote:Angelica _ann wrote:FUNKY wrote:Ericsson wrote:FUNKY wrote:Angelica _ann wrote:winmak wrote:HaMaina wrote:Angelica _ann wrote:FUNKY wrote:I am sure government will not let uchumi go down due to the current economic situation This one is dead, like Mumias. Move on. Personally I'm Buying. What? You are in Mumias, now this? it happens. Uchumi is not mumias..stores are still running although not fully stocked.. If they get the support from government they can fully stock their branches and they are back to business again To sell to which consumer/customer. They moved on to the likes of Naivas, Carrefour Uchumi brand is still in the hearts of Kenyans once it re surrects Kenyans will flock back there...carrefour has racism issues Uchumi lost the plot after they squandered the 2nd chance they were given. Lifeline gone. Hope you know how employees operated on taking goods to the selves which completely frustrated suppliers. Uchumi is gone. Uchumi can't just fail. It was created as an easy outlet for Kenyan produced products, that's why many foreign products at nakumat and others were usually in very short supply at Uchumi. With the right management and support, it will succeed. But then again this is Kenya, possibilities and myths go hand in hand. Uchumi exists in name only. It's a dodo. The managrment curving it out slowly for themselves before bankruptcy bid.
60% Learning, 30% synthesizing, 10% Debating
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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https://businesstoday.co.ke/uchumi-shops-for-marketing-manager-at-naivas/“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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August 2015  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Hehehe a good manager tackling a bad business. Let's see whose reputation will remain intact. Life is short. Live passionately.
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Dead "company" KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Uchumi Buru Buru space taken over by Quick-Mart opening in March 2020. Uchumi is DEAD!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: New-farer Joined: 2/8/2018 Posts: 73
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Nairobi west franchise closed.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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RIEK01 wrote:Nairobi west franchise closed. Let it Rest in Peace. The company is tired Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Ericsson wrote:RIEK01 wrote:Nairobi west franchise closed. Let it Rest in Peace. The company is tired Uchumi’s agony as High Court sets repeat creditors vote.-The troubled retailer is expected to stage a second creditors meeting on March 2 and an ultimate vote which will in principal determine the continuity of the 45 year old retailer. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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HaMaina wrote:Ericsson wrote:RIEK01 wrote:Nairobi west franchise closed. Let it Rest in Peace. The company is tired Uchumi’s agony as High Court sets repeat creditors vote.-The troubled retailer is expected to stage a second creditors meeting on March 2 and an ultimate vote which will in principal determine the continuity of the 45 year old retailer. It's time to call it a day and unplug it from the ventilator. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Milk firm pursues Uchumi closure “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Member Joined: 8/6/2018 Posts: 299
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Its old case that is just coming up for routine hearing, which will not be adjudicated on due to the development of CVA with creditors agreed in March 2020
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Uchumi - A value play?
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