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Fyatu		#31 Posted : Tuesday, November 20, 2018 4:24:42 PM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		Where do the real middle class(hapana ile bandia) buy their clothes in Kenya? I buy mine anywhere and usually wear them for a minimum of three years before thinking of buying new ones and/or brand new second hannds,or not unless mama watoto buys me some. Deacons made a big error mismanaging Mr. Price franchise by overpricing and under-stocking and eventually leting it go Dumb money becomes dumb only when it listens to smart money
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the deal		#32 Posted : Tuesday, November 20, 2018 7:38:36 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Ericsson wrote: Angelica _ann wrote: Ericsson wrote: 2012 wrote: I still don't understand why Deacons did not go online. Their core business should have been online since they had already built trust from customers. Huge opportunity missed. Ask Safaricom and its masoko then you'll realise online isn't that lucrative in Kenya How come Kilimall and Jumia online seem to be doing just fine? Jumia online is doing fine ????? Read the below; https://www.businessdail...6688-baq1s7z/index.html E-commerce company Jumia has sunk deeper in the red, posting a Sh14.9 billion loss before tax and other costs in the year ended December compared to Sh11.3 billion a year earlier. The loss does not give an indication of the company’s bottom-line as it excludes most of the standard business expenses including finance costs, depreciation and stock-based compensation. Top line growth looks magnificent... Any link to detailed results "Jumia’s sales grew 41.8 per cent to Sh62.95 billion on the back of higher customer numbers"
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mulla		#33 Posted : Wednesday, November 21, 2018 3:20:04 PM
Rank: Member Joined: 6/15/2013 Posts: 301		Ericsson wrote: Angelica _ann wrote: Ericsson wrote: 2012 wrote: I still don't understand why Deacons did not go online. Their core business should have been online since they had already built trust from customers. Huge opportunity missed. Ask Safaricom and its masoko then you'll realise online isn't that lucrative in Kenya How come Kilimall and Jumia online seem to be doing just fine? Jumia online is doing fine ????? Read the below; https://www.businessdail...6688-baq1s7z/index.html E-commerce company Jumia has sunk deeper in the red, posting a Sh14.9 billion loss before tax and other costs in the year ended December compared to Sh11.3 billion a year earlier. The loss does not give an indication of the company’s bottom-line as it excludes most of the standard business expenses including finance costs, depreciation and stock-based compensation. It looks E Commerce is a tough business to venture into. High capital, high turnover but loss making. It took Amazon almost 15years before they recently started raking in profits.
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madollar		#34 Posted : Wednesday, November 21, 2018 4:36:13 PM
Rank: Veteran Joined: 11/17/2009 Posts: 2,040 Location: GA		Fyatu wrote: Where do the real middle class(hapana ile bandia) buy their clothes in Kenya? I buy mine anywhere and usually wear them for a minimum of three years before thinking of buying new ones and/or brand new second hannds,or not unless mama watoto buys me some. Deacons made a big error mismanaging Mr. Price franchise by overpricing and under-stocking and eventually leting it go Mtumba business is thriving that is where the masses are they should have tested the waters with something like deacons mtumba stores located huko ndani ya maesto or one big one in the major cities.With the resources at their disposal they could have easily pulled this off. lakini those stores in the malls sijuikuendaaje people would have become suspicious but doesn't matter anyway that model has failed.
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Horton		#35 Posted : Wednesday, November 21, 2018 7:47:09 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		madollar wrote: Fyatu wrote: Where do the real middle class(hapana ile bandia) buy their clothes in Kenya? I buy mine anywhere and usually wear them for a minimum of three years before thinking of buying new ones and/or brand new second hannds,or not unless mama watoto buys me some. Deacons made a big error mismanaging Mr. Price franchise by overpricing and under-stocking and eventually leting it go Mtumba business is thriving that is where the masses are they should have tested the waters with something like deacons mtumba stores located huko ndani ya maesto or one big one in the major cities.With the resources at their disposal they could have easily pulled this off. lakini those stores in the malls sijuikuendaaje people would have become suspicious but doesn't matter anyway that model has failed. Deacons: 1. Too expensive compare to Babyshop Dxb the prices were sometimes double or triple. Seems like their target was the 1% vs the mindorrro crass 2. Staff extremely hostile. 3. A lot of products were not available. They filled their shops with useless items
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the deal		#36 Posted : Wednesday, November 28, 2018 11:20:29 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		VituVingiSana wrote: the deal wrote: @VVS once said this is the next Gap https://www.businessdail...57592-t1ncb5/index.html Dear @thedeal, If you can find and post the so-called quote I made that "this is the next Gap" [please post the entire quote/post so it is in context] then I will admit it AND donate $100 to a charity that plants trees. Please provide the date and thread of the quote as well. If you cannot find the so-called quote you said I made that "this is the next Gap" then as an apology, please send $100 to the same charity as indicated above. I shall provide info of this charity as soon as we have the answer. This is line with my new resolution of discussing the merits and demerits of investments. Sincerely, VVS P.S. Doesn't apply to @Obiero (& KQ) coz I want a little fun plus he still owes me 100k + interest Chief @VVS I have searched Wazua universe...Apologies and what is charities name?
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obiero		#37 Posted : Wednesday, November 28, 2018 11:41:40 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		the deal wrote: VituVingiSana wrote: the deal wrote: @VVS once said this is the next Gap https://www.businessdail...57592-t1ncb5/index.html Dear @thedeal, If you can find and post the so-called quote I made that "this is the next Gap" [please post the entire quote/post so it is in context] then I will admit it AND donate $100 to a charity that plants trees. Please provide the date and thread of the quote as well. If you cannot find the so-called quote you said I made that "this is the next Gap" then as an apology, please send $100 to the same charity as indicated above. I shall provide info of this charity as soon as we have the answer. This is line with my new resolution of discussing the merits and demerits of investments. Sincerely, VVS P.S. Doesn't apply to @Obiero (& KQ) coz I want a little fun plus he still owes me 100k + interest Chief @VVS I have searched Wazua universe...Apologies and what is charities name? @the deal you didn't search hard enough KQ ABP 4.26
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VituVingiSana		#38 Posted : Wednesday, March 06, 2019 11:24:30 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		obiero wrote: the deal wrote: VituVingiSana wrote: the deal wrote: @VVS once said this is the next Gap https://www.businessdail...57592-t1ncb5/index.html Dear @thedeal, If you can find and post the so-called quote I made that "this is the next Gap" [please post the entire quote/post so it is in context] then I will admit it AND donate $100 to a charity that plants trees. Please provide the date and thread of the quote as well. If you cannot find the so-called quote you said I made that "this is the next Gap" then as an apology, please send $100 to the same charity as indicated above. I shall provide info of this charity as soon as we have the answer. This is line with my new resolution of discussing the merits and demerits of investments. Sincerely, VVS P.S. Doesn't apply to @Obiero (& KQ) coz I want a little fun plus he still owes me 100k + interest Chief @VVS I have searched Wazua universe...Apologies and what is charities name? @the deal you didn't search hard enough @Obiero - Wachana kelele ya chura. Help @thedeal if you can. Don't forget you owe me KES 100,000 + interest + penalties. @Sparkly will confirm, I came through with my payment even though it took some time so as to remain "anonymous" Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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VituVingiSana		#39 Posted : Wednesday, March 06, 2019 11:32:10 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Deacons shareholders give the nod for Sh450m loan search https://www.businessdail...2600-ufvwlnz/index.html >>> Who is going to give Deacons 450mn as a loan? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#40 Posted : Thursday, March 07, 2019 7:35:38 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: Deacons shareholders give the nod for Sh450m loan search https://www.businessdail...2600-ufvwlnz/index.html >>> Who is going to give Deacons 450mn as a loan? I am even wondering Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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