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Nakumatt: Another ailing Kenyan company
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iris
#111 Posted : Thursday, February 09, 2017 11:13:57 AM
Rank: Member

Joined: 9/11/2014
Posts: 228
Location: Nairobi
Not necessarily an ineffective minority. Lots of Kenyans (esp. urban middle class who are Nakumatt's target customers) feel same as quicksand
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2012
#112 Posted : Thursday, February 16, 2017 9:26:20 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Warren Buffett just dropped Walmart and
signaled the death of retail as we know it

Link

"It is a big, big force, and it has already disrupted plenty of people, and it will disrupt more," Buffett said at his annual shareholders' meeting in 2016, according to Bloomberg.


And the bombshell:


"Retailing is like shooting at a moving target," Buffett said at the time. "Turning around a retailer that has been slipping for a long time would be very difficult. Can you think of an example of a retailer that was successfully turned around?"

BBI will solve it :)
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Ericsson
#113 Posted : Monday, February 27, 2017 10:58:22 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Nakumatt closes Ronald Ngala street branch

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

Reality has began to set in
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#114 Posted : Tuesday, February 28, 2017 2:23:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Global Credit Rating (GCR) downgrades Nakumatt's longterm Rating to BB negative saying the Comp cant meet its Financial Obligations
Nakumatt's Debt increased four times from Sh 4.7Billion in 2012 to Sh 18Bln in 2016 - GCR
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Obi 1 Kanobi
#115 Posted : Tuesday, February 28, 2017 3:51:18 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
Ericsson wrote:
Global Credit Rating (GCR) downgrades Nakumatt's longterm Rating to BB negative saying the Comp cant meet its Financial Obligations
Nakumatt's Debt increased four times from Sh 4.7Billion in 2012 to Sh 18Bln in 2016 - GCR


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.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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KulaRaha
#116 Posted : Tuesday, February 28, 2017 4:35:43 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Obi 1 Kanobi wrote:


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.


Obviously, you have very little exposure to the business world. These two are also struggling to make payments...and suppliers are getting jittery.
Business opportunities are like buses,there's always another one coming
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Msasani
#117 Posted : Tuesday, February 28, 2017 4:35:50 PM
Rank: Member

Joined: 6/26/2008
Posts: 16
Ericsson wrote:
Nakumatt closes Ronald Ngala street branch

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

Reality has began to set in


.... 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?
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Msasani
#118 Posted : Tuesday, February 28, 2017 4:39:21 PM
Rank: Member

Joined: 6/26/2008
Posts: 16
Obi 1 Kanobi wrote:
Ericsson wrote:
Global Credit Rating (GCR) downgrades Nakumatt's longterm Rating to BB negative saying the Comp cant meet its Financial Obligations
Nakumatt's Debt increased four times from Sh 4.7Billion in 2012 to Sh 18Bln in 2016 - GCR


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.


....this business was bound to knock itself down even without Carrefour. How can the brand carry the same meaning to Ronald Ngara street crowd and Junction Mall at the same time?
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KulaRaha
#119 Posted : Tuesday, February 28, 2017 8:10:30 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
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.
Business opportunities are like buses,there's always another one coming
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Pesa Nane
#120 Posted : Tuesday, April 18, 2017 11:51:42 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Every dog...
Pesa Nane plans to be shilingi when he grows up.
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