kenya
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Another international player enters the Kenyan grocery retail market
The takeover of supermarket chain Tumaini Self Service Ltd. by Sokoni Retail Kenya was approved by the Competition Authority of Kenya in December, adding to the list of international players (including Carrefour, Choppies and Shoprite) jostling for a piece of the local market. Sokoni Retail Kenya is an investment vehicle of private equity firm Adenia
15th January 2019
Categories: Retail & Shopping Malls - Kenya
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Nairobi’s mall boom sets the stage for a fierce supermarket struggle
The Waterfront mall opened in Nairobi on Jamhuri Day (Kenyan independence day – December 12th). With close to 18,600m² of GLA, the 20 hectare site boasts more than 1,000 parking spaces, a 14,000m² artificial lake and a 1.2km running and walking track. With these leisure facilities and regular cultural events, management are clearly hoping to
10th January 2019
Categories: Retail & Shopping Malls - Kenya
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Decathlon sets up shop in Africa’s athletics superpower
The French sportswear and sports equipment retailer has opened its first store in Kenya. The 1,500m² outlet, which the chain describes as a “flagship” store, is located at The Hub Karen mall in Nairobi. Decathlon has indicated that it is planning to open additional stores in the country. Famed for their prowess as distance runners,
21st December 2018
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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Nakumatt and Uchumi continue their downward spirals
A number of suppliers have joined Githunguri Dairy in filing for Kenyan supermarket chain Uchumi to be wound up, while rival Nakumatt is faring little better. More than 20 of Uchumi’s creditors are seeking to recover debts amounting to KES900 million (USD8.8 million). The retailer was also recently evicted from its headquarters in Nairobi Industrial
21st November 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Kenya
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Gimme shelter
Traditional retailers in Nakuru County, which is located to the northwest of the Kenyan capital, Nairobi, are seeking protection from the growing threat posed by modern formats to their livelihood by means of a ban on the sale of fresh produce in local supermarkets. Hezron Muiri, one of the traders behind this campaign, claimed “The
9th November 2018
Categories: SagaRetail News - Retail & Shopping Malls - Agriculture
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Nairobi malls feel the squeeze
There are growing signs of downward pressure on mall rents in the Kenyan capital, with a number of sitting tenants securing rent reductions and prospective tenants being offered rent holidays by landlords “Rental income has come slightly under pressure due to a temporary increase in vacancies, coupled with some tenants bargaining for reduced rentals upon
29th October 2018
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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Mango loves Kenya
During mid-October, Spanish fast-fashion retailer Mango took to LinkedIn to proclaim “Mango loves Kenya,” revealing that the brand is coming to Nairobi’s Westgate Mall. The store will have a GLA (gross leasable area) of 620m², which will make it the largest Mango outlet in sub-Saharan Africa. The store will adhere to Mango’s new interior design
26th October 2018
Categories: SagaRetail News - Retail & Shopping Malls - 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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