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Deacons sinks deeper into losses, blames closure of Nakumatt outlets

A till worker serves a customer inside a Nakumatt supermarket. [Photo: Courtesy]

Businesses located in shopping malls have seen a reduction in business following closure of major supermarkets that served as anchor tenants.

Such is the case with clothes retailer Deacons, which on Wednesday announced its profit would decline by at least 25 per cent in the year to December 2017. The firm will sink deeper into losses, having reported Sh276 net loss in 2016.

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