Global electronics manufacturer LG has turned to the Internet after one of its biggest distributors Nakumatt closed most of its stores amid deepening financial woes.
LG East African Regional Manager Janghoon Chun said yesterday the South Korean firm sold 60 per cent of its products online last year following the closure of several of Nakumatt’s stores.
“Kenya is a unique market, we obviously turned to Naivas, Tuskys and Carrefour but our online shop sold 60 per cent of the products,” said Mr Chun on the sidelines of the ongoing Innofest in Cape Town, South Africa.
He said prior to Nakumatt’s woes, it used to move over half of their products in the country and its closure had impacted sales.
