Piling debt a heavy burden for retailers

Christmas tree decorations at the Junction Mall in Nairobi on Tuesday. PHOTO | DIANA NGILA

It is almost certain that every year a Kenyan retailer will bite the dust as if there is a generation curse emanating from the woes of the country’s first chain store, Uchumi Supermarkets.

Since Uchumi started collapsing from 2015, Nakumatt, Deacons, Choppies and now K Shoe (Nairobi Business Ventures) have all experienced turbulence in the years that followed.

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