TUSKYS CEO FORCEFULLY EVICTED FROM OFFICE

SO ORGANIZED GANG OF SHOPLIFTERS IN A LOCAL SUPERMARKET Boosters

(Boosters)

Professional shoplifters, also called boosters, typically work in
groups. 

"Boosters will conduct surveillance of a targeted store to check
locations of CCTV Camera, store exits, and to monitor how attentive employees
are to customers in the sales aisles.

 They also look for security personnel. If
they decide the store is low-risk, they will enter in teams of two to four
people while an accomplice waits outside in a vehicle.

TUSKYS WILL START PILOTING A FRANCHISING MODEL “VERY SOON” AS PART OF A STRATEGY TO EXPAND ITS FOOTPRINT

“There is someone who is running a successful retail business in Kibera (an informal settlement in Nairobi) and all they need is a bit of support to make their business more modern, support to access a wider range of products from manufacturers, and to better engage with customers. We can give that to the retailer as a package and make some money out of it, and the retailer also gets to expand their business,” says Tuskys CEO Dan Githua.

TUSKYS 2016 DEALS THAT WILL DRIVE GROWTH OF BUSINESS AND STABILITY

Tuskys sign financing deal with KCB 

Tuskys Supermarket has entered into a financing facility deal with Kenya Commercial Bank (KCB) that will see suppliers get payment before their invoices fall due.

The financing deal dubbed ‘Biashara Club’ will also see small and medium sized companies (SMEs) that supply the retail chain get loans from the bank at a preferential rate.

The signing also comes in the wake of a drive by leading supermarket chains to implement the signed agreement between them and the Kenya Manufacturers Association (KMA) September last year.

Kenyan manufacturers in September wrote to the leading supermarkets; Nakumatt, Tuskys and Naivas seeking a meeting to resolve the issue of delayed payments, which they said was squeezing their working capital.

The leading retail chains were entangled in a multi-billion shilling debt row with suppliers who accused them of refusing to pay for goods delivered to their stores. (x254.co)

Tuskys to grow sales volume through Safaricom partnership 

Tuskys Supermarket partnered with Safaricom Sacco to allow the telco’s employees and sacco members acquire discounted high value items on credit basis at the retailer’s 52 stores countrywide.