BUSINESS

Nakumatt Nextgen shuts down nine months into operation

Nakumatt Nextgen shuts down nine months into operation

Nakumatt’s problems keep on piling up with several stores being shut down amid pilling pressure from suppliers refusing to deliver their products until the debts are cleared.

It has also been dogged by numerous cases and striking employees that have resulted into a cash-flow challenges.

And now, Nakumatt Nextgen has been closed, barely nine months after it opened its doors to customers.

The retail chain announced the closure in a notice posted on the entrance of their store at the mall along Mombasa Road.

The notice said the outlet would remain closed from Saturday September 9 ‘until further notice’.

The branch, was meant to tap into the customer base along Mombasa Road and its environs including areas such as South B and South C.

In May 2017, the retail chain announced that they would be closing several branches across East Africa to reduce the cost of running the supermarkets and make the retailer profitable again.

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