Nakumatt to open 14 more branches in two years
12 January 2015, 08:48
Nairobi - Nakumatt Holdings will open 14 more branches in the next two years under its expansion program.
Alongside the expansion plans, Nakumatt is also determined to step up efforts to scale up its regional market share through a strategic project geared at enhancing its customer experience.
According to the company’s Regional Strategy and Operations Director, Thiagarajan Ramamurthy, the New Year will see the retailer embarking on a programme to grow its gross revenues to over USD 1 Billion in the medium term.
He said the company will also map out strategies to significantly grow its regional market share with the year 2015 acting as a launch pad.
In a press statement sent to newsrooms, the expansion plans for the 14 new branches are now at an advanced stage.
Currently, Nakumatt has a regional branch network of 52 outlets across Kenya, Uganda, Tanzania and Rwanda.
“We are looking ahead for wholesome growth and we will not be deterred by new entrants into the local market as we are firmly focused on revolutionalising the customer experience and growing our network,” Ramamurthy said.
“Within this project, the pilot refurbishment works at Nakumatt Village Hypermarket are nearing completion and we shall be rolling out similar store upgrade works at all other branches progressively from next year,” he added.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.