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9 Pages«<45678>»
Nakumatt: Another ailing Kenyan company
timuka
#101 Posted : Monday, December 19, 2016 10:27:26 AM
Rank: Member


Joined: 1/21/2013
Posts: 427
obiero
#102 Posted : Monday, December 19, 2016 5:59:52 PM
Rank: Elder


Joined: 6/23/2009
Posts: 5,627
Location: nairobi
timuka wrote:

Very sad what is happening at Nakumatt
Ericsson
#103 Posted : Monday, December 19, 2016 6:17:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 2,930
Location: NAIROBI
@Obiero
If you also read the whole article you will see that there is an undisclosed buyer who has acquired a stake
Ebenyo
#104 Posted : Monday, December 19, 2016 8:41:28 PM
Rank: Member


Joined: 4/4/2016
Posts: 701
Location: Kitale
timuka wrote:


This is the company that is planning to list! its good we are seeing earlier enough.
The difference between poverty and wealth is in mentality.
Flo-ology
#105 Posted : Tuesday, December 20, 2016 8:21:36 AM
Rank: New-farer


Joined: 12/17/2016
Posts: 80
Ebenyo wrote:
timuka wrote:


This is the company that is planning to list! its good we are seeing earlier enough.



If a supermarket can default on a KES 10 million loan then things are thick.
Reflection Eternal
Cornelius Vanderbilt
#106 Posted : Friday, December 23, 2016 9:50:32 AM
Rank: Member


Joined: 8/15/2015
Posts: 714
nakumatt money problems? what money problems?workers got a raise

http://www.businessdaily...495716-cni2by/index.html
kaka2za
#107 Posted : Friday, December 23, 2016 10:17:43 AM
Rank: Elder


Joined: 10/3/2008
Posts: 2,454
Location: Gwitu
[quote=Cornelius Vanderbilt]nakumatt money problems? what money problems?workers got a raise

http://www.businessdaily...95716-cni2by/index.html[/quote]

This makes the situation worse.
They are complying with a labour procedure and not raising salaries to complement their staff for good results.
Chaka
#108 Posted : Wednesday, February 08, 2017 9:52:11 PM
Rank: Veteran


Joined: 2/16/2007
Posts: 1,731
quicksand
#109 Posted : Thursday, February 09, 2017 10:11:12 AM
Rank: Veteran


Joined: 7/5/2010
Posts: 1,783
Location: Nairobi
Chaka wrote:


I make a point not to buy these Nakumatt branded (or Tuskys) goods ...these are goods of no provenance, its just a money grab by branding generic stuff and cutting out the rest of the supply chain from the factory door direct to the shelves. And they don't pass the benefits of this to the customer. The cost of these batteries is just as high as Eveready, or Duracell or Energizer for example. I understand their decision in a business sense, it just doesn't sit right with me. Its an unfair advantage over real manufacturers
Its a small, personal rebellion.

Swenani
#110 Posted : Thursday, February 09, 2017 10:43:11 AM
Rank: User


Joined: 8/15/2013
Posts: 11,249
Location: Vacuum
quicksand wrote:
Chaka wrote:


I make a point not to buy these Nakumatt branded (or Tuskys) goods ...these are goods of no provenance, its just a money grab by branding generic stuff and cutting out the rest of the supply chain from the factory door direct to the shelves. And they don't pass the benefits of this to the customer. The cost of these batteries is just as high as Eveready, or Duracell or Energizer for example. I understand their decision in a business sense, it just doesn't sit right with me. Its an unfair advantage over real manufacturers
Its a small, personal rebellion.


Power of branding, whether you refuse to buy it or not there is always someone who will go for the nakumatt brand regardless of the product quality. Sadly or luckily, you're a minoritysmile
"If you're tired of arguing with strangers on internet, try talking to one of them in real life"-Barack Obama 10th January 2017
iris
#111 Posted : Thursday, February 09, 2017 11:13:57 AM
Rank: Member


Joined: 9/11/2014
Posts: 141
Location: Nairobi
Not necessarily an ineffective minority. Lots of Kenyans (esp. urban middle class who are Nakumatt's target customers) feel same as quicksand
2012
#112 Posted : Thursday, February 16, 2017 9:26:20 PM
Rank: Elder


Joined: 12/9/2009
Posts: 4,595
Location: Nairobi
Warren Buffett just dropped Walmart and
signaled the death of retail as we know it


Link

"It is a big, big force, and it has already disrupted plenty of people, and it will disrupt more," Buffett said at his annual shareholders' meeting in 2016, according to Bloomberg.


And the bombshell:


"Retailing is like shooting at a moving target," Buffett said at the time. "Turning around a retailer that has been slipping for a long time would be very difficult. Can you think of an example of a retailer that was successfully turned around?"

Kenya. The Wild Wild East, where anything goes.
Ni Mungu tu.
Ericsson
#113 Posted : Monday, February 27, 2017 10:58:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 2,930
Location: NAIROBI
Nakumatt closes Ronald Ngala street branch

http://www.businessdaily...30188-y8yfqy/index.html

Reality has began to set in
Ericsson
#114 Posted : Tuesday, February 28, 2017 2:23:50 PM
Rank: Elder


Joined: 12/4/2009
Posts: 2,930
Location: NAIROBI
Global Credit Rating (GCR) downgrades Nakumatt's longterm Rating to BB negative saying the Comp cant meet its Financial Obligations
Nakumatt's Debt increased four times from Sh 4.7Billion in 2012 to Sh 18Bln in 2016 - GCR
Obi 1 Kanobi
#115 Posted : Tuesday, February 28, 2017 3:51:18 PM
Rank: Elder


Joined: 7/23/2008
Posts: 2,724
Ericsson wrote:
Global Credit Rating (GCR) downgrades Nakumatt's longterm Rating to BB negative saying the Comp cant meet its Financial Obligations
Nakumatt's Debt increased four times from Sh 4.7Billion in 2012 to Sh 18Bln in 2016 - GCR


Must have gone crazy grabbing prime locations in every mall that opened, to the extent that they burnt out before The Hub and 2 Rivers went live.

Vultures are slowly circling to pick their carcass.

What they need to do is hold on for 1 or 2 years. Thats all the time thats needed for Carrefour to quit the market, the French are generally poor business strategists.

The local competition is however another story, Tuskys and Naivas are here to stay and I think they are converting some customers to loyalists. Why drive to Nyayo Stadium to shop at Nakumatt downtown when one can simple shop at Naivas Hazina.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
KulaRaha
#116 Posted : Tuesday, February 28, 2017 4:35:43 PM
Rank: Elder


Joined: 7/26/2007
Posts: 5,732
Obi 1 Kanobi wrote:


The local competition is however another story, Tuskys and Naivas are here to stay and I think they are converting some customers to loyalists. Why drive to Nyayo Stadium to shop at Nakumatt downtown when one can simple shop at Naivas Hazina.


Obviously, you have very little exposure to the business world. These two are also struggling to make payments...and suppliers are getting jittery.
Business opportunities are like buses,there's always another one coming
Msasani
#117 Posted : Tuesday, February 28, 2017 4:35:50 PM
Rank: Member


Joined: 6/26/2008
Posts: 16
Ericsson wrote:
Nakumatt closes Ronald Ngala street branch

http://www.businessdaily...30188-y8yfqy/index.html

Reality has began to set in


.... more like a business that lost its "soul". How can you expect your brand to carry the same meaning to La Galleria and Ronald Ngara street crowds at the same time?
Msasani
#118 Posted : Tuesday, February 28, 2017 4:39:21 PM
Rank: Member


Joined: 6/26/2008
Posts: 16
Obi 1 Kanobi wrote:
Ericsson wrote:
Global Credit Rating (GCR) downgrades Nakumatt's longterm Rating to BB negative saying the Comp cant meet its Financial Obligations
Nakumatt's Debt increased four times from Sh 4.7Billion in 2012 to Sh 18Bln in 2016 - GCR


Must have gone crazy grabbing prime locations in every mall that opened, to the extent that they burnt out before The Hub and 2 Rivers went live.

Vultures are slowly circling to pick their carcass.

What they need to do is hold on for 1 or 2 years. Thats all the time thats needed for Carrefour to quit the market, the French are generally poor business strategists.

The local competition is however another story, Tuskys and Naivas are here to stay and I think they are converting some customers to loyalists. Why drive to Nyayo Stadium to shop at Nakumatt downtown when one can simple shop at Naivas Hazina.


....this business was bound to knock itself down even without Carrefour. How can the brand carry the same meaning to Ronald Ngara street crowd and Junction Mall at the same time?
KulaRaha
#119 Posted : Tuesday, February 28, 2017 8:10:30 PM
Rank: Elder


Joined: 7/26/2007
Posts: 5,732
At this stage, Carre four is irrelevant. Ask any supplier. Their volumes are too small to matter. The risk is the local 3, who all seem to have similar bad habits of diversion etc.
Business opportunities are like buses,there's always another one coming
Pesa Nane
#120 Posted : Tuesday, April 18, 2017 11:51:42 AM
Rank: Elder


Joined: 5/25/2012
Posts: 2,992
Location: 08c
Every dog...
Pesa Nane plans to be shilingi when he grows up.
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