Retail chain, Nakumatt Supermarkets has announced plans to close down its outlet at NextGen Mall just nine months after opening.
The Mombasa Road branch, which has only been open since last December, will be closed indefinitely from Saturday 9th September 2017.
The store sits on 60,000 square feet of space and was targeting shoppers from the growing Mombasa road areas of South B, South C and Diamond park.
Over the last few months, Nakumatt’s problems have been piling up with suppliers refusing to supply their products until the debts were cleared, numerous court cases and striking employees, all these as a result of cash-flow challenges.
In May this year, the struggling retailer announced it would close several unprofitable branches across Kenya and Uganda as part of a cost cutting strategy aimed at reducing its total cost base and eventually return to profitability.
