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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 6/23/2009 Posts: 14,256 Location: nairobi
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Ericsson wrote: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 Israeli, Chinese and Kenyans also own many of the spaces where Nakumatt trades. I doubt if the calculations of rent based on sales would be used. It simply doesn't make sense
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Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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Passed at the new Naivas branch at Ridgeways. The branch is totally unlike the others, its very upmarket. Their designer did a splendid job and it can only be compared to Carrefour. It even has those automatic glass sliding doors you find in Europe and US. And they are selling everything from aged T bone steak to prawns and king lobsters. Naivas has become of age. The place was packed to capacity now that neighbouring Nakumatt doesn't have even milk. They also have free WiFi (even kwa parking) with excellent speeds. Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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sqft wrote:Passed at the new Naivas branch at Ridgeways. The branch is totally unlike the others, its very upmarket. Their designer did a splendid job and it can only be compared to Carrefour. It even has those automatic glass sliding doors you find in Europe and US. And they are selling everything from aged T bone steak to prawns and king lobsters. Naivas has become of age. The place was packed to capacity now that neighbouring Nakumatt doesn't have even milk. I've been thinking that Naivas needs to come up with a sub-brand to deal with the higher end market My thinking was wrong. Seems you can move your brand to cater for all segments. For Naivas Ridgeways, the advantage of being on the left side of the road is a big plus. No funny entrance
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Rank: Elder Joined: 8/16/2011 Posts: 2,389
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There is nothing Permanent on this world, only the soil of the earth.
The British were here and they gone... from colonialists to their banks, corporations etc
Then came the hungry Indians who were always ready for corrupt deals as far as they made easy money from Govt and others. Now they are as well feeling the pinch as those deals dissapear at the hands of African magnates and Wanjiku who prefer to buy from Vibandas and get loans from Chamas paying at the end month. The Indian and Muzungu will ask for cash every day
The Africans are rising and loving themselves, they need to produce than only market/sell and make opportunities for their own country people.
The dying corporations start when buyers of their product realize they are being cheated and they open their own.
Closing of these won't affect a dime, it creates chance for others.
90% of products sold here are all imports from meat products to cereals, eggs to stationery.
If Odinga is reach today, let it be Musyoka tomorrow, and life goes on!!!
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Realtreaty wrote:There is nothing Permanent on this world, only the soil of the earth.
The British were here and they gone... from colonialists to their banks, corporations etc
Then came the hungry Indians who were always ready for corrupt deals as far as they made easy money from Govt and others. Now they are as well feeling the pinch as those deals dissapear at the hands of African magnates and Wanjiku who prefer to buy from Vibandas and get loans from Chamas paying at the end month. The Indian and Muzungu will ask for cash every day
The Africans are rising and loving themselves, they need to produce than only market/sell and make opportunities for their own country people.
The dying corporations start when buyers of their product realize they are being cheated and they open their own.
Closing of these won't affect a dime, it creates chance for others.
90% of products sold here are all imports from meat products to cereals, eggs to stationery.
If Odinga is reach today, let it be Musyoka tomorrow, and life goes on!!!
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Rank: Elder Joined: 6/23/2009 Posts: 14,256 Location: nairobi
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sqft wrote:Passed at the new Naivas branch at Ridgeways. The branch is totally unlike the others, its very upmarket. Their designer did a splendid job and it can only be compared to Carrefour. It even has those automatic glass sliding doors you find in Europe and US. And they are selling everything from aged T bone steak to prawns and king lobsters. Naivas has become of age. The place was packed to capacity now that neighbouring Nakumatt doesn't have even milk.
They also have free WiFi (even kwa parking) with excellent speeds. Sounds awesome. Kudos to them
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Rank: Elder Joined: 6/23/2009 Posts: 14,256 Location: nairobi
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Realtreaty wrote:There is nothing Permanent on this world, only the soil of the earth.
The British were here and they gone... from colonialists to their banks, corporations etc
Then came the hungry Indians who were always ready for corrupt deals as far as they made easy money from Govt and others. Now they are as well feeling the pinch as those deals dissapear at the hands of African magnates and Wanjiku who prefer to buy from Vibandas and get loans from Chamas paying at the end month. The Indian and Muzungu will ask for cash every day
The Africans are rising and loving themselves, they need to produce than only market/sell and make opportunities for their own country people.
The dying corporations start when buyers of their product realize they are being cheated and they open their own.
Closing of these won't affect a dime, it creates chance for others.
90% of products sold here are all imports from meat products to cereals, eggs to stationery.
If Odinga is reach today, let it be Musyoka tomorrow, and life goes on!!!
Amen
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Rank: Member Joined: 2/20/2015 Posts: 468 Location: Nairobi
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Lolest! wrote:sqft wrote:Passed at the new Naivas branch at Ridgeways. The branch is totally unlike the others, its very upmarket. Their designer did a splendid job and it can only be compared to Carrefour. It even has those automatic glass sliding doors you find in Europe and US. And they are selling everything from aged T bone steak to prawns and king lobsters. Naivas has become of age. The place was packed to capacity now that neighbouring Nakumatt doesn't have even milk. I've been thinking that Naivas needs to come up with a sub-brand to deal with the higher end market My thinking was wrong. Seems you can move your brand to cater for all segments. For Naivas Ridgeways, the advantage of being on the left side of the road is a big plus. No funny entrance That could have been Uchumi eating Nakumatt Ridgeways lunch but ...
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Rank: Member Joined: 12/21/2009 Posts: 602
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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I think Naivas need to tread carefully if Nakumatt is anything to go by. With over expansion
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Nakumatt: Another ailing Kenyan company
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