Sales at troubled retailer Uchumi Supermarkets plunged to 0.5 percent of the revenues the once giant retailer posted a decade ago, reflecting the decline of the company.
Disclosures by Mazars Consulting Ltd, which has been supervising a debt settlement plan between Uchumi and its creditors, show that the retailer reported sales of just Sh65.45 million in the year to June 2024, a far cry from the annual turnover of Sh14.5 billion it reported at its peak in June 2014.
