Tag: Naivas Supermarket

Carrefour Kenya plans to enter lakeside market with a bang, set for twin openings

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KENYA – Carrefour Kenya, operated by Dubai-based conglomerate Majid Al Futtaim, is set to open two branches in Kenya’s third largest city, Kisumu, in pursuit to get a piece of the lakeside’s growing middle-class shoppers. The two stores will be located at United Mall and Market MEGA, adopting the hypermarket and supermarket models respectively. They are set to open doors in July and August, offering customers an assortment of fast-moving consumer goods (FMCG) at affordable prices, reports Star News. “Kisumu is the third city we are investing in after Nairobi…

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Naivas stretches its reach further in Kenya, Shoprite pleads to vaccinate its front-line workers

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KENYA – Naivas Supermarket, Kenya’s largest locally owned retail store has announced plans of opening new branches in Githurai 44 and Kisumu, as it seeks to strengthen its hold as a top retailer in the country. The Githurai outlet, set to be opened before end of July will be situated on Kamiti Road, targeting hundreds of shoppers around the region. Meanwhile, the Kisumu branch will be opened at Simba Club Hall, next to United Mall targeting hundreds of shoppers around the region. The new outlets will be Naivas’ 74th  and…

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Naivas Supermarket opens new outlet in Eldoret, targets to reach 75 branch count by end year

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KENYA – Naivas Supermarket, Kenya’s largest locally owned retail store has opened its 72nd branch store in Eldoret, West of Kenya, increasing its supply in the local retail space. The new store is located at Zion Mall along Ronald Ngala street, previously occupied by Tuskys supermarket. The retail chain previously had two branches in Eldoret town, one in the market area, Naivas Sokoni and Naivas at Langas stage. The Zion mall branch makes them three in the vicinity. “The opening of our new store in Eldoret underscores our commitment to…

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Naivas, Cleanshelf open new branches in Nakuru, take over spaces of struggling Tuskys, Ukwala

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KENYA – IFC backed Kenyan retailer Naivas Supermarket has opened its fourth store in Nakuru town, as local chain Cleanshelf opens its inaugural store in the same region, central of Kenya. The new stores steam up competition in the town which hosts other retailers such as WoolMart and QuickMart who have two branches each, while homegrown Gilanis has maintained its only branch. According to reports by Business Daily, Naivas’ and Cleanshelf’s new branch have occupied spaces vacated by Tuskys and Choppies owned Ukwala respectively. Troubled Tuskys supermarket exited Nakuru town,…

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Naivas takes over space left by financially struggling Tuskys supermarket to open 70th Branch

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KENYA – Naivas Supermarket, Kenya’s largest locally owned retail store is continuing with its expansion spree with the chain store seeking to open a new outlet in Kilifi, coastal county of Kenya at a space that was vacated by Tuskys last October. According to reports by Business Daily, the new outlet will be located at Kilifi Complex Centre situated next to DTB Bank on Bofa Road and targets to open its doors by the end of the month. The new branch is Naivas’ 70th in the country and will be…

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Naivas supermarket expands footprints in Kenya’s capital

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KENYA – Kenyan retail chain Naivas Supermarket has announced the opening of two more stores before the end of the month. The first outlet by the IFC backed supermarket is set to open its doors at Nairobi’s Hazina Trade Centre where Nakumatt Lifestyle used to be. The second store, according to Business Daily report will be situated in Rongai town, targeting the growing middle class and working-class market. The upcoming stores which comes months after the opening of its 66th outlet at the Waterfront Mall in Karen, will raise the…

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Battle of expansion between Kenyan retailers Naivas, Carrefour, eyeing bigger market share

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KENYA – IFC backed Kenyan retaier Naivas is set to open its 66th outlet at the Waterfront Mall in Karen replacing South African retailer Shoprite, who cut short its tenancy in April. The Kenyan retail market defined by heightened competition by both local and international retailers will also see Carrefour opening additional stores in Mombasa before the year ends, as part of its plan of opening six new outlets in 2020. Joining SA’s Game Stores as anchor clients at the shopping centre, Naivas is set to increase traffic to the…

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Tuskys halts operations in three outlets while Naivas opens new branch

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KENYA – Supermarket chain Tuskys says it has temporarily halted trading in three branches to allow customers to shop in outlets with bigger space on the outbreak of coronavirus. Chief finance officer Martin Syuku told the Business Daily  the branches closed are in Nairobi, Kitale and Mombasa. Hundreds of businesses have been trying to stay afloat amid the outbreak, which has seen some firms enforce social distancing to contain the spread of the disease. “It’s a temporary suspension of our operations in those stores as we try to come out…

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Naivas supermarkets add alcohol to shelves giving it a competitive edge

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KENYA – Kenyan retail chain Naivas supermarkets has diversified to selling alcohol to grow its revenue, breaking a decades-old business practice that gave its rivals a competitive advantage. The family-run retailer began opening alcohol kiosks within its newly-opened food market stores with the launch of new outlets that offered shoppers a wide variety of products, including fresh produce. This leaves Tuskys as the only top retailer in the country that does not deal in alcohol, in a market that has seen new entrants such as France’s Carrefour and South Africa’s…

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Naivas set to bag US$15m for sale of its minority stake to IFC, Amethis, DEG and MCB Equity Fund

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KENYA – Kenyan retail chain Naivas supermarkets is set to receive US$15 million for the sale of its minority stake to IFC, a member of the World Bank Group alongside French private equity fund Amethis Finance, DEG and MCB Equity Fund. “IFC seeks to make an equity investment alongside Amethis which will result in a minority stake in the company,” IFC said in a disclosure. The new capital injection is earmarked for expansion in the highly competitive local supermarket business that has attracted major players across the globe. “Through the…

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