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ShoppingUncategorized

Nakumatt Nyanza Relocates Store to bigger space within Mega Plaza Mall

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Retail chain Nakumatt Holdings has moved its 19-year-old Nyanza Supermarket branch to a more spacious location at Mega Plaza in Kisumu County.

The new Nyanza branch on Oginga Odinga Road, sits on a 35,000 square feet shopping floor space equipped with an expanded four-level parking silo that can accommodate more than 400 cars.

Nakumatt managing director Atul Shah said the move allowed the retail chain make store upgrades to boost customer experience.

โ€œAfter more than 19 yearsโ€™ operating at the old location, the reinvigorated Nakumatt Nyanza now features a more modern in store layout, including wider aisles and ambient lighting on a single level,โ€ he said.

Mr Shah said similar projects would be undertaken at several other local branches to enable the retail chain meet its customer demands.

The re-location comes days after investment advisory firm Dry Associates disclosed that Nakumatt had raised Sh500 through a short- term loan, in a deal expected to pave the way for a deep-pocketed strategic investor into the business.

Dry Associates said Nakumatt went to the market seeking Sh500 million through an insured loan and got all it wanted, signalling investorsโ€™ confidence in its ability to repay the debt.

The retail chain which enjoys a branch footprint in 64 locations comprising 47 branches in Kenya, plans to raise billions of shillings from the sale of a 25 per cent stake to an undisclosed investor.

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