Nakumatt 50% clearance sale ongoing in seven outlets

Some of the products up for grabs at Nakumatt outlets. /COURTESY
Some of the products up for grabs at Nakumatt outlets. /COURTESY

A

mega

clearance

sale

kicked off over the weekend at seven of

Nakumatt

supermarkets across the county

in a bid to clear its stock.

The outlets include Mega, Prestige, Lavington, Ukay, Embakasi, Nakuru and Kisumu branches.

The clearance sale, dubbed MEGA SALE” allow retailer's shoppers to enjoy upto

50 per cent discounts.

“Rush to Nakumat and shop till you drop. Hurry while stock last,” read a poster by the embattled company.

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The shoppers are treated to clothes, Clarks and sketchers, bicycles, stationary and carpets, Kitchen wares, furniture and toys.

Managing Director, Atul Shah, said they are clearing stock in all their branches and not wounding up business.

“Nakumatt is coming back but in a small way. The plan is to open only seven branches in Nairobi but stock them fully. So they are clearing now to make way for that,” he said.

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Nakumatt has been tottering under the weight of mounting debts, estimated to be upwards of Sh15 billion.

During this time customers had been confronted by rows of empty shelves in its 66 branches across Kenya, Uganda and Rwanda.