Nakumatt to shut down stores countrywide

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

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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.

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