Nakumatt Holdings has began implementing the Departmental stores strategy announced last week, with footwear company Sketchers being rolled out in its stores . A second store will be opened on Thursday at the Westgate Mall before rolling out in other stores at a cost of 480 million shillings. Nakumatt plans to spend 1.2 billion shillings in the departmental store project as part of its revenue diversification strategy.
The Star (Nairobi)
Kenya: Nakumatt Begins Implementing Departmental Stores PlanBy Joan Wairimu, 3 September 2013
Copyright © 2013 The Star. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.