@Obiero
If you also read the whole article you will see that there is an undisclosed buyer who has acquired a stake

If a supermarket can default on a KES 10 million loan then things are thick.

[quote=Cornelius Vanderbilt]nakumatt money problems? what money problems?workers got a raise

http://www.businessdaily...95716-cni2by/index.html[/quote]

This makes the situation worse.
They are complying with a labour procedure and not raising salaries to complement their staff for good results.

I make a point not to buy these Nakumatt branded (or Tuskys) goods ...these are goods of no provenance, its just a money grab by branding generic stuff and cutting out the rest of the supply chain from the factory door direct to the shelves. And they don't pass the benefits of this to the customer. The cost of these batteries is just as high as Eveready, or Duracell or Energizer for example. I understand their decision in a business sense, it just doesn't sit right with me. Its an unfair advantage over real manufacturers
Its a small, personal rebellion.

Not necessarily an ineffective minority. Lots of Kenyans (esp. urban middle class who are Nakumatt's target customers) feel same as quicksand

Nakumatt closes Ronald Ngala street branch

http://www.businessdaily...30188-y8yfqy/index.html

Reality has began to set in

Must have gone crazy grabbing prime locations in every mall that opened, to the extent that they burnt out before The Hub and 2 Rivers went live.

Vultures are slowly circling to pick their carcass.

What they need to do is hold on for 1 or 2 years. Thats all the time thats needed for Carrefour to quit the market, the French are generally poor business strategists.

The local competition is however another story, Tuskys and Naivas are here to stay and I think they are converting some customers to loyalists. Why drive to Nyayo Stadium to shop at Nakumatt downtown when one can simple shop at Naivas Hazina.

.... more like a business that lost its "soul". How can you expect your brand to carry the same meaning to La Galleria and Ronald Ngara street crowds at the same time?

At this stage, Carre four is irrelevant. Ask any supplier. Their volumes are too small to matter. The risk is the local 3, who all seem to have similar bad habits of diversion etc.