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Nakumatt: Another ailing Kenyan company
hardwood
#661 Posted : Sunday, July 08, 2018 4:25:58 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Carrefour branches at the junction, TRM and sarit are a huge disappointment. Naivas, tuskys, quickmatt, maguna-andu much better.
obiero
#662 Posted : Sunday, July 08, 2018 4:40:11 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,462
Location: nairobi
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 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
sparkly
#663 Posted : Sunday, July 08, 2018 6:06:38 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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.
HaMaina
#664 Posted : Monday, July 09, 2018 1:11:11 PM
Rank: Veteran


Joined: 4/23/2014
Posts: 901
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 plot

https://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
hardwood
#665 Posted : Monday, July 30, 2018 3:40:29 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Carrefour Junction a big mess. Better to shop at the local kiosk.
Gathige
#666 Posted : Monday, July 30, 2018 4:15:02 PM
Rank: Elder


Joined: 3/29/2011
Posts: 2,242
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
murchr
#667 Posted : Monday, July 30, 2018 4:18:22 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
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
.
Ericsson
#668 Posted : Monday, July 30, 2018 4:23:04 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
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
Wororo
#669 Posted : Thursday, August 02, 2018 8:04:13 AM
Rank: Member


Joined: 1/30/2011
Posts: 207
Carrefour increases it's sales by 143% in its first 6 months...

Carrefour-sales-up-143-per-cent-in-first-six-months
hardwood
#670 Posted : Thursday, August 02, 2018 9:01:22 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Wororo wrote:
Carrefour increases it's sales by 143% in its first 6 months...

Carrefour-sales-up-143-per-cent-in-first-six-months


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.
Ericsson
#671 Posted : Thursday, August 02, 2018 9:13:25 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
hardwood wrote:
Wororo wrote:
Carrefour increases it's sales by 143% in its first 6 months...

Carrefour-sales-up-143-per-cent-in-first-six-months


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
obiero
#672 Posted : Tuesday, September 18, 2018 6:29:48 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,462
Location: nairobi
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 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
KulaRaha
#673 Posted : Tuesday, September 18, 2018 8:29:18 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
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
obiero
#674 Posted : Tuesday, September 18, 2018 9:45:31 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,462
Location: nairobi
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 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
hardwood
#675 Posted : Tuesday, September 18, 2018 10:15:19 AM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
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.
Gathige
#676 Posted : Tuesday, September 18, 2018 12:13:49 PM
Rank: Elder


Joined: 3/29/2011
Posts: 2,242
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
Ericsson
#677 Posted : Tuesday, September 18, 2018 12:20:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,624
Location: NAIROBI
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
hardwood
#678 Posted : Tuesday, September 18, 2018 12:25:28 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
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.
kayhara
#679 Posted : Tuesday, September 18, 2018 12:33:43 PM
Rank: Veteran


Joined: 5/5/2011
Posts: 1,059
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
hardwood
#680 Posted : Tuesday, September 18, 2018 12:39:29 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
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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