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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda
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retail business is a hard nut to crack punda amecheka
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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newfarer wrote:retail business is a hard nut to crack Big 3 Naivas Tuskys Carrefour Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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newfarer wrote:retail business is a hard nut to crack Choppies issues were mismanagement and internal board wrangles. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Conquestador wrote:Game at that unfinished place on Karen road will close down in less than 1 year.
Waterfront... possunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Some are doing very well. Carrefour pays off Sh1.5bn loan before maturity. https://www.businessdail...65138-btsi46z/index.htmlIn 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: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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newfarer wrote:retail business is a hard nut to crack Why is it hard? You lease a big room and put shelves, the suppliers stock the shelves, you sell the goods and pay them suppliers after 4 months.
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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hardwood wrote:newfarer wrote:retail business is a hard nut to crack Why is it hard? You lease a big room and put shelves, the suppliers stock the shelves, you sell the goods and pay them suppliers after 4 months. Margins are tiny
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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nairobby wrote:hardwood wrote:newfarer wrote:retail business is a hard nut to crack Why is it hard? You lease a big room and put shelves, the suppliers stock the shelves, you sell the goods and pay them suppliers after 4 months. Margins are tiny pilferage can eat your whole net margin... Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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Rank: Member Joined: 1/22/2015 Posts: 682
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KulaRaha wrote:nairobby wrote:hardwood wrote:newfarer wrote:retail business is a hard nut to crack Why is it hard? You lease a big room and put shelves, the suppliers stock the shelves, you sell the goods and pay them suppliers after 4 months. Margins are tiny pilferage can eat your whole net margin... Given this, in Kenya the only supermarket that can work is a single branch monitored from top to bottom by the owner. Scaling up and putting external management in place is just signing your death warrant
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Nakumatt: Another ailing Kenyan company
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