Retail chain Mulleys announces closure of half of its outlets

This step is expected to produce hundreds of staff unemployment and structured operation of remaining stores

Mulleys Supermarket retail chain has recently announced closure of half of its outlets in a plan to bring down the overall expenses. Reports suggest that the store has reportedly discontinued services in five of its 10 retail stores resulting in hundreds of staff layoff.

According to sources, Mulleys has its roots spread in four countries of Machakos, Nairobi, Makueni and Kitui. The supermarket has reportedly seized half of its retail network owing to increasing debts and vacant shelves. The closure of these stores will help restore the brand name and stay afloat during the time of crisis.

Reportedly, in lieu of expanding the retail chain which might have gone wrong, Mulleys had to shut down two of its central branches in the town of Machakos namely Mulleys Pioneer and Mulleys Express. The other branches of Mulleys in Mlolongo market, Kitui and Tala also had to face the consequences.

As per credible sources, it was quite evident that the indebted chain was going through money problems because of the empty shelves in the store six months ago. It has been speculated that the supermarket has a notice hung on its closed outlets stating that the retail chain was undergoing reorganization and restructuring process.

For the record, the management has stated its commencement back in Mulleys Mtaani in Mlolongo, Mulleys Embaakasi in Nairobi, Mulleys Jibambe in Tala, Mulleys Masaa in Machakos and Mulleys Emali in Makueni Country.

Mulleys Supermarkets started off its journey in 1969 as a local brand and a beloved household name. Earlier known as Peter Mulei and Sons Limited, the wholesale business was centered around its strong core values and ethical practices.

Source:- https://www.businessdailyafrica.com/bd/news/counties/retail-chain-mulleys-shuts-half-of-its-outlets-3619052