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Naivas opens outlet at ex-Barclays Moi Avenue branch

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Naivas opens outlet at ex-Barclays Moi Avenue branch

Naivas opens outlet at ex-Barclays Moi Avenue branch
December 22
19:10 2017

BY BMJ MURIITHI

Did you know that the Moi Avenue  Barclays Bank Branch is no more? The building which housed it  is now a Naivas Supermarket after the fast growing company  opened  a new outlet.

Barclays vacated Bank House – at the corner of Kenyatta Avenue and Moi Avenue – on October 1 in a restructuring that saw the lender close a total of seven branches and relocate operations to nearby outlets.

Signs hanging outside the building caught many Nairobians – who have always associated the building with Barclays – by surprise.

“I am really surprised,” wrote Margaret Njoki on Facebook.

The family-owned retail chain opened  the store on November 15 at the location. It is a prime spot teeming with foot traffic and the Supermarket’s management hopes to capitalize on that fact.

The upper part of Moi Avenue has not had a major supermarket outlet since closure of Tuskys’ Beba Beba branch in May.

The Beba Beba Tuskys outlet was one of the rival retail chain’s best performing branch.

“This is a prime location for Naivas. We expect the store to perform really well since the area has significant footfall,” said Naivas chief operating officer Willy Kimani in a recent interview with a local daily.

“This upper part of town is currently largely underserved,” he added.

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Naivas has said it also has plans to open a new store in Utawala on October 17, another in Kericho on November 3 and thereafter one each in Kitengela, Mountain View (Waiyaki Way) and Mombasa.

It has closed some outlets which have been underperforming.

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