Tuskys Supermarket, Makerere branch, located at Ham Towers opposite the Makerere University Main gate, is closing shop.
This has been the only supermarket of its nature closest to the University and a number of students including those from the Law Development Centre (LDC) have been dependent on it for day to day supplies as well as food.
The closure of this branch comes a month after Tuskys Kenya announced closure of 3 of its branches in Nairobi, Mombasa and Kitale.
According to our sources, Tuskys Supermarkets Management is delaying and reducing payments to suppliers, banks and landlords, citing constrained cash flows due to the impact of coronavirus on its business.
The retailer has accordingly, written to suppliers, informing them that even recently renegotiated payment terms may not be honoured on the agreed timeline.
“Tuskys has blamed measures taken to control the spread of the coronavirus such as social distancing and reduced operating hours for lower traffic in its stores. The retailer has shut some branches and merged others in a bid to stem losses at the individual store level.” Our Source disclosed.
Tuskys has had operating problems too, with a point to remember being at that at the beginning of the year, when the bakeries of two of its branches (in Ntinda and Nansana) were closed by UNBS for failure of meeting the sanitation standards.
