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Foreign supermarkets bring stiff competition to retailers
Carrefour customers Rueben Muna (left) and Sandra Nduari (right), with supermaket boss Majid Al Futtaim after they each won a Sh24,000 shopping campaign at the Hub in Nairobi. Many multinationals are entering the country owing to gaps created by Nakumatt, Uchumi and other troubled, local firms. PHOTO | salaton njau
The spirited entry into Kenya by multinational chain stores is set to stiffen competition, pitting listed new players against the local family-owned retailers whose footprints hardly go beyond East Africa.
Last week, Shoprite — Africa’s largest retailer by sales — said it would open its first two stores in Nairobi’s Garden City and West Gate shopping malls in August, while Carrefour opened its fifth store at Sarit Centre.
