Botswana retailer Choppies Supermarket closes third outlet in Kenya

KENYA – Botswana based retailer, Choppies supermarket has closed its third outlet in Nanyuki, following its prior closure of its Kiambu and Bungoma outlets this year as the firm experienced stock outs amid static fixed costs of running on empty shelves. This is in line with the retailers plans of exiting the Kenyan market as revealed in an extraordinary general meeting (EGM) with its shareholders, classifing its 12 stores as distressed. Following Choppies recent branch closure, the Kenyan retailer Tuskys has taken over Nanyuki Mall as anchor tenant.  “Choppies enterprises…

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Botswana retailer Choppies Supermarket closes branch in Kenya

KENYA – Botswana headquarters retailer, Choppies Supermarkets, has closed one of its outlet in Kenya, despite the retailers ambitious expansion plan in the rapid growing retail sector. The Bungoma unit in Western Kenya was closed after the retailer’s continued struggle to stay afloat amid the ongoing corporate troubles that have rocked the company since last year. The Botswana retailer started as a single store in 1986 and has grown to South Africa, Zimbabwe, Zambia, Mozambique, Namibia, Tanzania and Kenya where it grew to over 12 stores after acquiring homegrown retailer,…

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Choppies to spend US$3m on new stores in Kenya and Tanzania

KENYA – The Botswana retailer and supermarket Choppies has unveiled plans to invest US$3 million in it’s a new regional expansion strategy with two stores in Kenya and another one in Tanzania this year, reports theEastAfrican. The Kenyan stores will attract US$2.37 million while US$700,000 for the Tanzanian store, one the company stated would be the biggest in the country. “This will record good volumes, as it will be the biggest Choppies retail outlet in Tanzania. Retail site development is generally slow in Tanzania, and we expect to grow at…

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Grocery retailer Choppies expands into Mozambique, Namibia

SOUTH AFRICA – The Botswana based grocery retailer, Choppies Enterprises Ltd has started operations in Mozambique and Namibia, as it looks forward to expand its footprint into the rest of Africa. According to Business Day, the retailer said it was gaining market share in South Africa where it has witnessed significant improvement especially in the North West stores which recorded 43% growth in revenue. “This growth has brought us to profitability in this region and we expect this trend to continue in the second half of financial year 2018. Segmental…

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Choppies builds US$200m war chest for branch expansion

KENYA – Botswana’s Choppies plans to open between 20 and 25 branches in Kenya, as it races to take advantage of the market gap created by woes facing Nakumatt and Uchumi. The retailer, which is largely a budget store with operations in seven African countries says it has Sh20 billion (US$200m) to pump into its expansion in Kenya in the next three months. The firm says it will give a major facelift to its 11 branches it bought from Ukwala, and convert most of them into convenience and express stores. It will also be moving into the middle…

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