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Retail giants feeling the pinch amid rapid expansion as new rivals pick up sales

Nakumatt along Ronald Ngala one of the Supermarkets closed within Nairobi due to hard economy on 04/03/2017 PHOTO; JENIPHER WACHIE

Two of Kenya’s largest retail supermarkets have closed two of their stores within a fortnight while the third one is still struggling to sell its assets to turn around its fortunes, exposing the woes facing the retail industry.

Nakumatt has shut its Ronald Ngala branch, while Tuskys Supermarket closed its Sheikh Karume branch both in Nairobi.

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