Uchumi now closes five branches as it fights to stay afloat

21 Mar 2016 | by
Uchumi now closes five branches as it fights to stay afloat

Uchumi Supermarkets Limited has announced the termination of operations in five (5) outlets within Kenya as part of its reorganization process.

The closure of these branches which include Taj Mall, Embu, Eldoret Sugarland, Nakuru and Kisii will help reduce the retailer’s operational costs enabling it to concentrate its efforts on a leaner structure as dictated by the current business environment. 
Uchumi’s Chief Executive Officer, Dr. Julius Kipng’etich, said that Uchumi is well on track to recovery and that the move is expected to hasten the retail chain’s rise to sustainability. 

“Their closure will enable us channel our resources to fewer branches and optimize operations for maximum gain,” said Kipng’etich. 
The retail chain has adhered to all the required legal & statutory requirements in implementation of this decision. In the process, 253 positions will be rendered redundant.

The retail chain, one of the biggest in the country, has recently declared losses running into Sh5 billion. It has since closed its outlets in both Uganda and Tanzania as a cost-cutting measure.

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