Quickmart Supermarket is set to open a new store in Nyayo Embakasi next month in an expansion drive that has promised to give its competitors a run for their money. The retailer opened its 32nd branch on Wednesday, 17th June 2020, in the upmarket Kilimani area just two months after its rival Naivas opened its 64th branch in the same location.
The expansion firm is largely facilitated by a strategic investor and private equity firm known as Adenia Partners, whose entry enabled the retailer to expand from 24 stores at the time of the merger. Quickmart now has a stores in Roysambu, Lavington, two in Ongata Rongai and an outlet in the CBD.
The retailer is taking advantage of the shake-up in the country’s retail sector that has resulted in the collapse of former giants including Nakumatt & Uchumi. Tuskys, which is facing cashflow hitches following a dispute with suppliers over unsettled debts, is also feeling the heat following the entry of the new players. However, competition is stiff with the entry of foreign stores like Carrefour, Game and Shoprite supermarkets in recent years, all targeting the middle class in Nairobi.
The retailer was first established in 2006 with the first branch located in Nakuru and has since grown to be the third biggest retailer after a merger with Tumaini Self Service Limited.
Photo Courtesy of the BD