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Tag Archives: supermarket

British supermarkets threaten Brazil boycott over Amazon land law

London, United Kingdom | AFP |  Leading British supermarket chains have warned Brazil they may be forced to boycott its goods if lawmakers in the South American country pass a bill that would “encourage further land grabbing” in the Amazon. In an open letter to Brazilian senators and deputies, the companies …

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Uchumi Supermarkets’ losses increases

Kampala, Uganda | THE INDEPENDENT | Business seem to be worsening at the retail chain, Uchumi Supermarkets. Latest data shows that the retail chain recorded a 63.5% growth in net losses to US$8.95million for the half year ended Dec 2017 citing reduced sales. The listed company recorded a net loss …

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Nakumatt’s elephant missteps

Nakumatt: Unstable US$150m debt sends jitters among retail supermarket suppliers Business at Nakumatt supermarkets in Uganda has been slowly declining for months but recent persistent reports that all is not well at the parent company of the Kenya-based regional retail giant may have made a bad situation worse. The Nakumatt …

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