Kenya
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Kenyan supermarkets aim higher
With Nakumatt now a shadow of its former self SagaRetail news, rival supermarket chains like Naivas and Tuskys are taking over some of the anchor tenancies it has vacated in such high-end malls as Nairobi’s Capital Centre and seeking to appeal to more affluent consumers.
5th October 2018
Categories: Foodservice - SagaRetail News - Kenya
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Nakumatt loses its last foothold in Mombasa to Naivas
Debt-laden Kenyan supermarket chain Nakumatt has exited the country’s second-largest city, forced out of its last branch in Mombasa after accumulating rent arrears of KES107 million (USD209,000) over 21 months. Earlier this year, it closed its other store in the city. Having once operates 64 supermarkets across three countries, Nakumatt now has a mere six
5th September 2018
Categories: Foodservice - SagaRetail News - Retail & Shopping Malls - Kenya
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Massmart to open six new Builders Warehouse outlets
South Africa-based Massmart has unveiled plans to open six new Builders Warehouse stores over the next two years.These stores will located in Kenya, Mozambique, Swaziland and Zambia.
5th September 2018
Categories: SagaRetail News - Retail & Shopping Malls - Construction & Real Estate - Kenya - Mozambique - Zambia
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Miniso’s mighty plans
Variety store chain Miniso, which sells inexpensive homewares and novelty items, is rapidly expanding its presence in African malls. It currently has stores in Egypt, Kenya, Madagascar, Morocco, Nigeria, South Africa and Tanzania and big expansion plans.
4th September 2018
Categories: SagaRetail News - Consumer - Egypt - Retail & Shopping Malls - Distributors - Kenya - Morocco - Nigeria - South Africa
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Carrefour doubles its Kenyan sales
Majid Al Futtaim, French retailer Carrefour’s exclusive franchisee in Kenya, recorded a 143% increase in its turnover in the Kenyan market during the first six months of 2018.
3rd September 2018
Categories: Foodservice - SagaRetail News - Retail & Shopping Malls - Kenya
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Study finds supermarkets are driving a shift to Western diets in Kenya
Moroccan home furnishings chain unveils smaller store format A paper entitled “Supermarket Shopping and Nutritional Outcomes: A Panel Data Analysis for Urban Kenya,” which was published in the journal World Development in February 2018, examined if food shopping habits in two towns in central Kenya had impacted obesity rates. It found that while “the average
3rd August 2018
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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New malls put downward pressure on Nairobi rents
A recently published report by Mauritius-based Grit Real Estate Income Group claims that an increase in the supply of modern retail space in Nairobi is putting downward pressure on rents. It noted that while the increased interest of international retailers in the local market has buoyed rents over recent years, “There is likely to be
2nd August 2018
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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Uchumi looks to franchising for salvation
We previously covered the woes of Nakumatt – http://www.sagaciresearch.com/sagaretail-news-nakumatt-0618/ but it is not the only Kenyan retailer experiencing financial difficulties at the moment. Like Nakumatt, Uchumi has a large debt (USD43 million), closed numerous branches (24 out of 40, as of July 2018) and exited the Tanzanian and Ugandan markets. Moreover, its employees are owed
2nd August 2018
Categories: SagaRetail News - Retail & Shopping Malls - Corporate news - Kenya
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Decathlon set for a free run in Kenya but faces stiff competition in West Africa
Utilising franchisees, French sportswear and equipment retailer Decathlon is rapidly expanding its store footprint in sub-Saharan Africa. Having entered the Ivorian market in 2016, it opened its first stores in South Africa, Ghana and Tunisia during 2017. In April 2018, it arrived in Egypt and is set to come to Kenya within months. Speaking to
26th June 2018
Categories: SagaRetail News - Retail & Shopping Malls - Corporate news - Kenya
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Nakumatt’s vanishing trick
Now that a proposed merger with rival Tuskys has fallen through, beleaguered Kenyan supermarket chain Nakumatt appears doomed. Having entered voluntary administration in January, 14 landlords recently moved to evict the retailer from their premises due to mounting rent arrears. This has left Nakumatt with less than ten outlets (down from a peak of more than
26th June 2018
Categories: SagaRetail News - Retail & Shopping Malls - Corporate news - Kenya