Tuskys’ latest move will see Uchumi kicked-out of Westlands, an area the retailer considered prime.
Tuskys’ expansion since January has seen it open two branches in Kericho and Eldoret towns, where it also took over space previously occupied by troubled Nakumatt Holdings.
Earlier in the year, Uchumi lost the Sarit branch to the French retailer Carrefour after a 30-year tenancy period.
Tuskys Supermarkets will open a new branch in Westlands mid-July, taking over space previously occupied by struggling retailer Uchumi Supermarkets #ticker:UCHM.
Tuskys’ latest move will see Uchumi kicked-out of Westlands, an area the retailer considered prime. The expansion is part of Tuskys parent company Tusker Mattresses Group’s strategy to grow its footprint and to “deepen the value of formal retail trade in Kenya”.
Tuskys chief executive officer, Dan Githua told the Business Daily that the retailer had secured a six-year lease for the Westlands branch.
Tuskys’ expansion since January has seen it open two branches in Kericho and Eldoret towns, where it also took over space previously occupied by troubled Nakumatt Holdings.
Earlier in the year, Uchumi lost the Sarit branch to the French retailer Carrefour after a 30-year tenancy period.
Heavy debts and stock-outs have left Uchumi’s Kenyan operations in a precarious state and forced it to exit Tanzania and Uganda where is was consistently posting losses. Nakumatt was also placed under administration in January by the High Court in a move aimed at rescuing it from potential liquidation.
Uchumi and Nakumatt form the two of Kenya’s most struggling retailers who have also exited key malls and regions countrywide.
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