Tuskys faces probe over Nakumatt stocking plan

KENYA - The competition watchdog is investigating a deal in which supermarkets chain Tuskys is funding the restocking of troubled rival Nakumatt for possible breach of anti-trust regulations. Tuskys on Saturday announced that it had started restocking two of Nakumatt’s prime Nairobi outlets with the intention of including even more stores across the country. Sources…

Former Nakumatt Marketing head takes up Uchumi COO role

KENYA - Uchumi Supermarkets has appointed ex-Tesco executive Andrew Dixon as chief operating officer (COO) exactly a month after he left rival Nakumatt where he served as chief marketing officer. He joined Nakumatt in November 2016 in a move by the retailer’s management to seek outside assistance to help turnaround the business that is struggling…

Despite setbacks, Kenyan supermarket sector amongst best in Africa

KENYA - Kenya’s retail sector is still among the most attractive for long-term investors in sub-Saharan Africa despite cash flow challenges that have left giant Nakumatt Holdings on the brink of collapse, a new report has suggested. The interest is largely fuelled by the sector’s growth. It has outperformed the economy in the last five…

Tuskys to guarantee Sh3bn Nakumatt debt as part of merger deal

KENYA - The battle to save Nakumatt Supermarkets yesterday took a new turn after rival Tuskys offered to inject Sh650 million into the troubled retail chain and recurring payment guarantees of between Sh1.5 billion and Sh3 billion for the outstanding debt. The offer is subject to the Competition Authority of Kenya (CAK) approving a takeover…

Wal-Mart introduces robots to scan shelves to restock items faster

USA - Wal-Mart Stores Inc is rolling out shelf-scanning robots in more than 50 U.S. stores to replenish inventory faster and save employees time when products run out. The approximately 2-foot (0.61-meter) robots come with a tower that is fitted with cameras that scan aisles to check stock and identify missing and misplaced items, incorrect…

Shoprite prepares Kenya entry to fill gaps left by Nakumatt

KENYA - Shoprite Holdings Ltd. is in talks to open its first stores in Kenya by filling retail space left empty by the struggling Nakumatt Holdings Ltd. chain. “We are currently in talks with some of the property owners, but nothing has been signed,” Shoprite director Gerhard Fritz said in an emailed response to questions. Africa’s…

Supermarket surge on the cards in Ivory Coast

IVORY COAST - Despite Cote d’Ivoire still being dominated by a traditional trade retail base, the Nielsen Shopper World Conference held in Abidjan, Cote d’Ivoire, has found that the country’s modern trade arena has seen the greatest evolution in the last two years and therefore holds the most potential for growth. This has been spurred…