NAKUMATT SUPERMARKET SHUTS DOWN YET ANOTHER TOP BRANCH IN NAIROBI .... THINGS ARE BAD

In May, Nakumatt publicly announced plans to close its poorly performing branches in Kenya and Uganda as part of cost-cutting measures aimed at saving the retailer Sh1.5 Billion annually.

The announcement saw the Haile Selassie branch located at the Kenyatta University Plaza closed down. 

Last month, the retailer shut down its Thika Road Mall (TRM) branch, barely a month after closing its outlet at the NextGen Mall on Mombasa Road. 

Nakumatt and Tuskys recently announced that confidential merger talks were ongoing, but a formal agreement was yet to be reached.

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