South African retail chain Shoprite has occupied the space previously occupied by Nakumatt at Acacia Mall.
This comes two months after the Kenyan retailer issued a statement announcing closure its major outlets at Acacia Mall-Kololo, Village Mall-Bugolobi and Victoria Mall-Entebbe.
According to a statement issued by Knight Frank Uganda on Thursday, the Shoprite Group is set to open its third store at Acacia Mall.
This expansion is part of the group’s effort to grow its footprint in the countries where it operates in addition to new countries all together.
Shoprite operates 2,689 outlets in 15 countries across Africa and the Indian Ocean Islands which consist of 613 Shoprite supermarkets, 246 Checkers and Checkers Hyper supermarkets, 367 Usave stores among other brands dealing in furniture, fast food, pharmaceuticals and household items.
“We have now achieved 64 consecutive quarters of like-for-like sales growth. Our latest results are proof that the Group is healthy and able to thrive across multiple brands and countries, notwithstanding the headwinds” according to Mr Pieter Engelbrecht, the chief executive officer.
The Shoprite Group serves more than 35 million customers in Africa.