Bank of Baroda sold off the building to a developer who will re-develop it into smaller shops.
Tuskys now has 53 branches in Kenya after also closing its Express branch (Sheikh Karume Road) in March due to low sales.
The retailer in December 2013 lost its store next to the Fire Station along Tom Mboya Street in Nairobi to rival Eastmatt.
Tuskys Supermarkets has closed its popular Beba Beba branch on Tom Mboya Street after 11 years, marking the second store shutdown by the retailer since the beginning of the year.
The supermarket chain Tuesday announced that Bank of Baroda, the landlord of the building, has sold it off to a developer who has decided to re-develop the property into smaller shops, occasioning the outlet’s closure.
"Tuskys’ family sad today to have to lose Beba Beba branch. It was much more than just a branch. Nostalgic!" Dan Githua, the retailer’s chief executive, said on Twitter.
Tuskys, the country’s second largest retailer after Nakumatt, now has 53 branches in Kenya after also closing Express branch (Sheikh Karume Road) in March due to low sales.
“The Bank of Baroda has informed us that they have sold the property. The new owner has notified us of their intent to redevelop the property. Consequently, we have to close business on that location effective May 2,” it said in a statement, adding that the outlet's 104 employees will be absorbed by other branches.
The retailer in December 2013 lost its store next to the Fire Station along Tom Mboya Street in Nairobi to rival Eastmatt, with management attributing this takeover to failure to agree on lease terms with the landlord.
Nakumatt Supermarket, the market leader, in February similarly closed its Ronald Ngala Street branch in Nairobi, citing years of low sales from the downtown shop in a high cost business environment.
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