Tuskys
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Sagaci Research publishes Tuskys Retailer Research Report 2020
Can Tuskys survive, or is it likely to become just another tombstone in the graveyard of Kenyan grocery retail, alongside the likes of Nakumatt, Choppies, and Shoprite? This Retailer Research Report provides a detailed analysis of Tuskys’ development, ownership, management, operations, store network, and growth strategies in order to provide a comprehensive review of the
16th September 2020
Categories: SagaRetail News - Retail - Tuskys - Retail & Shopping Malls - Kenya
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“The Lord will not allow Tuskys to die!”
While its chief rivals Naivas and Quickmart both opened new outlets during July, Tuskys, Kenya’s second largest grocery retailer, has struggled to pay suppliers and landlords and keep its shelves stocked. The Standard newspaper reports that the chain’s sales fell by 35% during April and May. During mid-July, it was revealed that New Kenya Cooperative
3rd August 2020
Categories: SagaRetail News - Retail - Supermarkets - Tuskys - Kenya - Uganda
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Is Covid-19 really at the root of the “temporary” closure of three Tuskys supermarkets?
Kenyan supermarket chain Tuskys last week “temporarily” closed three supermarkets – in Nairobi (Tom Mboya Road), Kitale (Mega Mall), and Mombasa (Digo Road). Prior to this, Tuskys had operated 68 outlets – 61 in Kenya and seven in Uganda. According to a statement issued by Benard Kahianyu, chairman of holding company Tusker Mattresses Limited, “We
27th April 2020
Categories: SagaRetail News - Africa - Tuskys - Kenya
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Even Covid-19 can’t slow Naivas’ growth
Kenya’s largest supermarket chain this week opened its 63rd outlet opposite the Yaya Centre mall in the affluent Nairobi suburb of Kilimani. Fitted out to a very high standard and with a sales area of around 1,000m2, of which 25% is dedicated to fresh food and a café, this stand-alone store is focused on convenience
23rd April 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Tuskys - Kenya
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Kenyan retailers to ramp up e-commerce efforts in response to Covid-19 threat
Once referred to by Naivas chief commercial officer Willy Kimani as a “necessary evil,” Kenyan supermarket chains are now scrambling to ramp up their online presence as the number of Covid-19 infections in the country grows. During mid-March, Naivas, which established a partnership with Spanish delivery platform Glovo last year, announced that it would reduce
27th March 2020
Categories: Foodservice - SagaRetail News - Supermarkets - Naivas - Tuskys - Retail & Shopping Malls - Kenya
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Redundancies at Tuskys sound the alarm on Kenyan chain’s financial health
Website Standard Digital reports that Tuskys is to lay off “dozens” of workers during March. Tuskys is the largest retailer in East Africa, with 68 supermarkets in Kenya and Uganda, in addition to around 20 Mavazi apparel stores. “This is a business move aimed at restoring the company’s financial viability … The company’s performance in
21st February 2020
Categories: SagaRetail News - Retail - Supermarkets - Tuskys - Kenya - Uganda
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Under-pressure Tuskys seeks to avoid the fate of Nakumatt
Quoting unnamed industry sources, Kenyan website Standard Media reports that local supermarket chain Tuskys is seeking to raise KES1 billion (USD9.7 million) before the end of the year “to boost its working capital.” It added that Tuskys was doing this in order to be able to pay its suppliers more promptly and thus secure more
5th November 2019
Categories: SagaRetail News - Supermarkets - Tuskys - Carrefour - Retail & Shopping Malls
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Blog: African retail has a governance problem
Corporate governance remains the Achilles heel of many African retail chains, threatening their long-term growth prospects While corporate governance failings are obviously not confined to Africa, recent years have seen a plethora of scandals and mis-steps that have destabilised some of the retail industry’s most prominent names and threatened to undermine the brand equity
23rd September 2019
Categories: Blog - Retail - Supermarkets - Africa - Nakumatt - Shoprite - Naivas - Tuskys - Sagaci Insights - Kenya - South Africa