• Happy Mashujaa Day

Nakumatt Woes

#3
Too many malls sprung up...
In February Kenya as a whole had 53, with 19 in construction, making us the country with the highest number of malls in EA.
We are headed the US way, more than 20 of their malls shut down, some of the ones left are at the brink of death.
It's simple > market saturation due to >> competition, no demand for malls, decreased need, & obsolescence...
Sasa ona
 

jaymoh

Village Elder
#4
Too many malls sprung up...
In February Kenya as a whole had 53, with 19 in construction, making us the country with the highest number of malls in EA.
We are headed the US way, more than 20 of their malls shut down, some of the ones left are at the brink of death.
It's simple > market saturation due to >> competition, no demand for malls, decreased need, & obsolescence...
Sasa ona
Ata mbuloti maguta is headed there
 

Purple

Moderator
Staff member
#13
Too many malls sprung up...
In February Kenya as a whole had 53, with 19 in construction, making us the country with the highest number of malls in EA.
We are headed the US way, more than 20 of their malls shut down, some of the ones left are at the brink of death.
It's simple > market saturation due to >> competition, no demand for malls, decreased need, & obsolescence...
Sasa ona
Amazon Prime is so good and convenient yani. Even when you have the time to go shopping you don't feel like it.
 
#17
Too many malls sprung up...
In February Kenya as a whole had 53, with 19 in construction, making us the country with the highest number of malls in EA.
We are headed the US way, more than 20 of their malls shut down, some of the ones left are at the brink of death.
It's simple > market saturation due to >> competition, no demand for malls, decreased need, & obsolescence...
Sasa ona
"Unga Ltd" had to find a way of washing pesa...so the fastest way was build malls, generate foot traffic to the malls, then channel money into banks as legitimate proceeds from tenants and auxiliary services(parking/weekly Maasai markets/concert hosting etc.)
 

amun

Village Elder
#20
word on the street is that nakumat made a major blunder when they elbowed out the one constant cash injector in hopes of signing in a major investor who inturn was no show, so they ended up loosing on two fronts

@Okiya , any truth in this? a case of counting chicken before eggs hatch?
 

Top