Uchumi closes 5 loss-making branches

Uchumi Supermarkets has announced the closure of five branches in Kenya as part of its efforts to cut costs.

The Nairobi-bourse listed retailer Monday announced the closure of the loss-making outlets located in Nairobi’s Taj Mall, Embu, Eldoret, Nakuru and Kisii.

“Their closure will enable us channel our resources to fewer branches and optimize operations for maximum gain,” said Uchumi chief executive Julius Kipng’etich.

In October last year, Uchumi exited Uganda and Tanzania after closing the chain’s entire 11 loss-making stores in the neighbouring economies.

By: BD