Nakumatt takes over Shoprite stores

Kenyan Regional retailer, Nakumatt Holdings, has taken over the running of three stores it recently acquired in Tanzania. The firm said it would over the next one month rebrand the three Shoprite outlets in Dar es Salaam and Arusha. This will bring to four the number of retail outlets that the firm has in Tanzania, currently running a store in Moshi.

The retailer said it would, over this weekend, undertake a clearance sale that would lead to the closure of the three stores for a rebrand and then commence operations as Nakumatt in Tanzania.

“Nakumatt has sealed an assets buyout agreement with Shoprite, and we are undertaking this popular sale to clear current stock holds ahead of a rebrand and reopening of the three stores,” said Atul Shah Managing Director Nakumatt Holdings.

 “Through this sale, we are also evaluating the variety and demand for some of the items to ensure that we optimize the stockholding based on customer demands here in Tanzania.” “At the end of this week,” Shah said, “Nakumatt will be briefly closing down the three stores to facilitate stores refurbishment process.” The process expected to last a month, will thereafter facilitate the reopening of the three stores under the Nakumatt banner and management, which will give an opportunity for all customers to experience the Nakumatt courtesy.

In Tanzania, Nakumatt operates a single store in Moshi, and will be effectively raising its branch network to 49 up from the current 46 across East Africa. Alongside the opening of the three Tanzania stores, Nakumatt with a branch network of 46 stores across the region, is also gearing up for the opening of four other stores in Kenya by the end of the year.

The four stores in Nairobi and Mombasa include Nakumatt Lunga Lunga, in Nairobi’s Industrial Area, Nakumatt Shujaa near Donholm, and Nakumatt NextGen along Mombasa Road. In Mombasa, Nakumatt is also gearing up for the opening of Nakumatt Bamburi as part of the retailer’s regional expansion plans.