The chain did not, however, disclose the total number of branches that will cease operations under the move. “All the employees previously assigned to work at Nakumatt Ronald Ngala have already been absorbed at other Nairobi branches.”In February, the retail chain closed its Ronald Ngala branch citing low sales. Last month, the retailer shut down a branch in Uganda that had accumulated rent arrears estimated at about Sh8.5 million. Nakumatt has announced that it has started reducing its store keeping unit (SKU) exposure by delisting slow-moving products. Nakumatt is banking on cash injection from a new strategic investor to address frequent stock outs at its outlets.

Source: Daily Nation May 08, 2017 18:33 UTC