Tuskys
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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