South African retail chain says it has declined some sites as it feel rentals are too high, adding landlords are having a field day playing each off against each other
He reveals the supermarket chain’s management is following different channels to secure Ksh 7 billion of financing but declined to name potential suitors
A strategy to buy into local retailers or take up space left by financially stressed locally retailers have worked for the foreigners, according to analysts
More exotic names are replacing local brands like Uchumi, Ukwala, Nakumatt and Tuskys in Kenya’s capital city and as things start, strategy and innovation would be key to survival
Last week, Tuskys announced a three-year plan to increase its foothold by 56.3% to 100 new stores in Kenya and Uganda by 2020, from 64 stores presently
From hotels to supermarkets, real estate, banking and petroleum sectors, businesses have recorded some growth, offering a silver lining in a year that was bad for many
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