PHOTO | SALATON NJAU | NMG
QuickMart Supermarket plans to open a new store in Nyayo Estate, Embakasi, next month as leading players are riding through a rough patch.
The announcement comes after the retailer opened its 32nd store in Kilimani on Wednesday, two months after Naivas Supermarket unveiled its 64th outlet in the suburb.
“We still have the PE fund strategically into the business and also being part of shareholding entity allowing us to expand,” QuickMart Supermarkets head of marketing Betty Wamaitha said.
The expansion by QuickMart comes as one of the top local retailers, Tuskys Supermarkets faces cash flow hitch that has sparked a dispute with suppliers due to unsettled debts.
Before the merger, QuickMart was operating 11 stores while had Tumaini 13 outlets.
