Nakumatt to shut down stores countrywide

The country's largest supermarket retail chain made the major announcement this evening.

___7084399___https:______static.pulse.com.gh___webservice___escenic___binary___7084399___2017___8___2___16___nakumatt-mega-in-nairobi_axi9k9

The country's largest retail chain store has announced that it will close all its stores countrywide.

In a statement posted on their official Twitter handle, Nakumatt said that all its branches will remain closed on election day but will re-open the following day.

The cash-strapped supermarket has for the past few months made headlines for all the wrong reasons.

From shutting down branches, running out of stocks to delaying staff salaries, all is not well for the countries’ premier retail chain.

Just recently, a number of its workers in Nairobi and Kisumu branches downed their tools to protest delayed salaries.

The retailer is said to have paid the workers only 30 per cent of the June salaries after it announced plans to start weekly payments.

The retail chain is said to be pushing banks to reschedule loans amounting to nearly Sh10 billion. Suppliers have held back supplies and insist being paid upfront for deliveries.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Inside Standard Group's mass firing

Inside Standard Group's mass firing

Details of Uhuru's whereabouts after handing over power

Details of Uhuru's whereabouts after handing over power

Azimio to block the appointment of these cabinet nominees

Azimio to block the appointment of these cabinet nominees

Ruto appoints 49-member team to review CBC

Ruto appoints 49-member team to review CBC

Kakamega health officials probe suspected Ebola case

Kakamega health officials probe suspected Ebola case

Sakaja's plan to retain military after NMS hands back transferred functions

Sakaja's plan to retain military after NMS hands back transferred functions

NPSC appoints acting DCI boss

NPSC appoints acting DCI boss

Ahmednasir criticises how CJ Koome received Ruto in Parliament

Ahmednasir criticises how CJ Koome received Ruto in Parliament

Why Ruto has slashed Sh300 billion from 2022/23 budget

Why Ruto has slashed Sh300 billion from 2022/23 budget