WALMART TO VENTURE INTO THE RAPID GROWING KENYAN RETAIL MARKET.

The global retail chain Walmart is planning to venture into the rapid growing Kenyan retail market by 2014 through its  South-African subsidiary Massmart.

Massmart is 51% owned by US-based Walmart,and has already reserved some space in the Garden City shopping mall on Thika Rd in Nairobi , whose construction began sometime in december last year and is to be completed by May 2014.

Through Massmart walmart,will be competing with major Kenyan retail markets i.e Nakumatt,Uchumi,Tuskys and many others.Our retail markets will be hit hard by the opening of massmart (walmarts subsidiary) because due to their size & wealth walmart will be able to source products cheaply and sell them at lower prices compared to our local retail markets and this will be a major catastrophe because our major retail markets will be struggling to survive.