Struggling retailer Nakumatt Holdings has shut down three of its remaining six stores, signalling trouble in the recovery path that it embarked on about two years ago.
The company, which is under administration, has closed down Nairobi’s Lavington and Prestige as well as Kisumu branches. This has left it with Nakuru and Nairobi’s Highridge and Mega branches. The competitors in the market are taking up the vacated outlets.
