Leading retailer Tusker Mattresses (Tuskys), has extended its regional footprint with the opening of its 58th local Tuskys Supermarket branch, in the Kenyan coastal Town of Malindi.
“Tusker Mattresses, the retail chain that operates Tuskys Supermarkets and Mavazi Lifestyle Clothing stores in Kenya and Uganda has opened the doors to Tuskys Malindi, located at the Oasis Shopping Mall, further confirming the resilience of homegrown retail players in this market,” the retailer said in a recent address.
The fir stated that the opening of Tuskys Malindi, extends the market leadership currently enjoyed by local retail operators against multinational players.
Speaking in Malindi, Tusker Mattresses Group CEO, Mr. Dan Githua said the opening of the new branch is part of the firm’s commitment to deepen its market presence in strategic towns and locations in Kenya.
He assured Tuskys customers in Malindi that the retailer will bridge a longstanding fair pricing barrier that had seen the town’s residents and tourism operators pay higher prices for retail provisions.
“Our main proposition to the shoppers of Malindi will be fair pricing. We have realised that groceries here including foodstuff are about 10% more expensive than Mombasa and we are committing to bridge the gap by offering similar prices to those enjoyed by our Mombasa or Nairobi customers,” said Githua.
“With the opening of Tuskys Malindi, we are also enhancing the variety of products available here. Malindi residents will no longer need to travel to Nairobi or Mombasa to purchase quality electronics and furniture items,” he added.
He confirmed that Tusker Mattresses has invested more than Ksh50million (about $500,000) in the restocking and fitting out of the branch to Tuskys brand standards.
The opening of the new Tuskys Malindi branch has also won the support of the local business community led by Mzee Sultan Khimji who described the entry of the retailer as a shot in the arm of the Malindi economy.
Khimji, who is also a real estate investor in Malindi Town said the entry of Tuskys would project the much-needed confidence in restoring investor confidence following a wave of poor tourism returns.
“As a member of the Malindi business community, we wholeheartedly welcome Tuskys to this market and celebrate the resilience of local retailers who continue to inspire our confidence,” Khimji said.