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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Carrefour branches at the junction, TRM and sarit are a huge disappointment. Naivas, tuskys, quickmatt, maguna-andu much better.
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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hardwood wrote:Carrefour branches at the junction, TRM and sarit are a huge disappointment. Naivas, tuskys, quickmatt, maguna-andu much better. Naivas is a class apart. Went into the Capital Centre branch and for a second I thought I was in Marseille
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hardwood wrote:obiero wrote:sparkly wrote:winmak wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:kayhara wrote:So my bro tells me Nakumatt opened at Kiambu mall and the Ridgeway one is still going strong, quite encouraging add to this the Mega, Ukay and Embakasi they might postpone the death, although the locations are not the high-end they were used to, is the parklands branch still open? The branches Nakumatt have retained Nakumatt embakasi Mega Lavington Prestige Kisumu city Nakuru Ukay Embakasi is open? Yes Just passed through and it's crazy empty. Same with Mega.. Nakuru one is well stocked with good foot traffic. Maybe, just maybe they may pull this through Kiambu Mall is Choppies The way I see it, only the Prestige one makes business sense right now Ridgeways branch closed ages ago. True Life is short. Live passionately.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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sparkly wrote:hardwood wrote:obiero wrote:sparkly wrote:winmak wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:kayhara wrote:So my bro tells me Nakumatt opened at Kiambu mall and the Ridgeway one is still going strong, quite encouraging add to this the Mega, Ukay and Embakasi they might postpone the death, although the locations are not the high-end they were used to, is the parklands branch still open? The branches Nakumatt have retained Nakumatt embakasi Mega Lavington Prestige Kisumu city Nakuru Ukay Embakasi is open? Yes Just passed through and it's crazy empty. Same with Mega.. Nakuru one is well stocked with good foot traffic. Maybe, just maybe they may pull this through Kiambu Mall is Choppies The way I see it, only the Prestige one makes business sense right now Ridgeways branch closed ages ago. True UBA Bank free to sell Nakumatt loan guarantor's prime city plothttps://www.businessdail...3460-d9f5w7z/index.html
Nakumatt Loan Guarantors are in serious trouble.“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Carrefour Junction a big mess. Better to shop at the local kiosk.
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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hardwood wrote:Carrefour Junction a big mess. Better to shop at the local kiosk. That's what happens when there is no viable competition/alternatives. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Gathige wrote:hardwood wrote:Carrefour Junction a big mess. Better to shop at the local kiosk. That's what happens when there is no viable competition/alternatives. I really miss the good old organized Nakumatt "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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murchr wrote:Gathige wrote:hardwood wrote:Carrefour Junction a big mess. Better to shop at the local kiosk. That's what happens when there is no viable competition/alternatives. I really miss the good old organized Nakumatt It's gonna comeback though with fewer branches Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/30/2011 Posts: 207
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Carrefour increases it's sales by 143% in its first 6 months... Carrefour-sales-up-143-per-cent-in-first-six-months
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Their stores are very basic (except 2 rivers & Hub). No phombe, no vegetables, no meat etc etc. No variety. Huge disappointment and waste of space. Stores very stuffy one feels like suffocating. Should work on their ventilation esp at junction, sarit and TRM.
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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hardwood wrote:Their stores are very basic (except 2 rivers & Hub). No phombe, no vegetables, no meat etc etc. No variety. Huge disappointment and waste of space. Stores very stuffy one feels like choking. Should work on their ventilation esp at junction, sarit and TRM. True Meanwhile Nakumatt is working on a comeback Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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hardwood wrote:obiero wrote:sparkly wrote:winmak wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:kayhara wrote:So my bro tells me Nakumatt opened at Kiambu mall and the Ridgeway one is still going strong, quite encouraging add to this the Mega, Ukay and Embakasi they might postpone the death, although the locations are not the high-end they were used to, is the parklands branch still open? The branches Nakumatt have retained Nakumatt embakasi Mega Lavington Prestige Kisumu city Nakuru Ukay Embakasi is open? Yes Just passed through and it's crazy empty. Same with Mega.. Nakuru one is well stocked with good foot traffic. Maybe, just maybe they may pull this through Kiambu Mall is Choppies The way I see it, only the Prestige one makes business sense right now Ridgeways branch closed ages ago. Mega the Nakumatt crown jewel is lost https://www.businessdail...64462-a0qndfz/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Apart from Prestige, which other Nakumatt is open and stocked? Shame how they destroyed that business. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:aemathenge wrote:copy and past extract Quote:Regulator rejects Tuskys, Nakumatt merger plan.
The CAK says its understanding of the proposal is that:
“The parties have not entered into a substantive share purchase agreement”
That Tuskys has simply proposed to “principally act as a guarantor for the supply of goods to Nakumatt”.
Therefore, the deal cannot be a merger, says the regulator. Source Link From The Business Daily Carrefour already have all the prime spots previously held by Nakumatt.. A merger that is DOA The market is still big. Naivas should in the same fashion take over Uchumi Previous Nakumatt South C now taken over by Naivas.. Nakumatt Lifestyle Monrovia shut down by NSSF.. Nakumatt was in HDU but is now progressed to ICU.. About to kick the bucket Can you be the mortician to do the post mortem analysis and burial Gladly!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Why is it taking forever for malls to have other supermarkets take up space that was occupied by nakumatt? Malls should just swallow their pride and invite local supermarkets such as naivas, tuskys etc to take up the space instead of the malls waiting forever for foreign supermarkets to come and set shop.
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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hardwood wrote:Why is it taking forever for malls to have other supermarkets take up space that was occupied by nakumatt? Malls should just swallow their pride and invite local supermarkets such as naivas, tuskys etc to take up the space instead of the malls waiting forever for foreign supermarkets to come and set shop. Could be the target clientele they would like to attract and the other shops that they have attracted in the malls. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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hardwood wrote:Why is it taking forever for malls to have other supermarkets take up space that was occupied by nakumatt? Malls should just swallow their pride and invite local supermarkets such as naivas, tuskys etc to take up the space instead of the malls waiting forever for foreign supermarkets to come and set shop. Local supermakets like Naivas and Tuskys can't afford the rent. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Gathige wrote:hardwood wrote:Why is it taking forever for malls to have other supermarkets take up space that was occupied by nakumatt? Malls should just swallow their pride and invite local supermarkets such as naivas, tuskys etc to take up the space instead of the malls waiting forever for foreign supermarkets to come and set shop. Could be the target clientele they would like to attract and the other shops that they have attracted in the malls. The other shops are closing due to lack of customers visiting the mall eg at ridgeways which is now a ghost mall with many shops vacated.
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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hardwood wrote:Why is it taking forever for malls to have other supermarkets take up space that was occupied by nakumatt? Malls should just swallow their pride and invite local supermarkets such as naivas, tuskys etc to take up the space instead of the malls waiting forever for foreign supermarkets to come and set shop. I was wondering why some landlords could not try and at-least save the nakumatts in their premises, an example is city mall mombasa, the traffic to the mall has fallen by a great percentage since nakumatt closed some other businesses have closed as a result, eg the nice butchery, cold stone etc, the parking is almost always empty as the neighboring naivas overflows even allowing customers to parallel park on the driveways, city mall is still empty but with word that shoprite will open soon but still as a landlord I would have tried to work with nakumatt even if it was to make the branch semi independent. To Each His Own
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Ericsson wrote:hardwood wrote:Why is it taking forever for malls to have other supermarkets take up space that was occupied by nakumatt? Malls should just swallow their pride and invite local supermarkets such as naivas, tuskys etc to take up the space instead of the malls waiting forever for foreign supermarkets to come and set shop. Local supermakets like Naivas and Tuskys can't afford the rent. So for how long will they wait for shoprite & co to come from south africa and set up shop......1yr, 2,3,5? It's like having your apartment empty for months on end as you plead with a certain "high end tenant" to rent it .....while the monthly mortgage payments are killing you.
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