| Company type | Private |
|---|---|
| Industry | Retail trade |
| Founded | 2006 |
| Founder | John Kinuthia |
| Headquarters | Nairobi, Kenya |
Key people | Peter Kang'iri Chief Executive Officer |
| Products | Supermarkets |
Number of employees | 5,000+ (2022) |
| Subsidiaries | In Kenya |
| Website | Homepage |
Quick Mart, also Quickmart, is a Kenyan supermarket chain. As of June 2022, it was the second largest supermarket chain in the country, behind market leader, Naivas Limited, with 84 stores and over 8,000 employees. [1] At that time, according to its website, Quickmart had 53 retail outlets and employed in excess of 5,000 people. [2]
Quickmart was founded in 2006 in the then town of Nakuru, which is Nakuru City today. It was started by the late John Kinuthia, a businessman, who passed away in 2016. In its early years, it was run as a family-owned and family-operated business. As of November 2017, the retail chain maintained eight outlets. [3] [4]
Quickmart merged with Tumaini Self Service Limited, another retail chain in 2019. At the time of the merger, Quickmart had 11 branches and Tumaini had 13 branches. The new business adopted the Quick Mart brand. The merger concluded in 2020. [5] [6] The majority shareholder in the new business is Adenia Partners of Mauritius, through their wholly owned Kenyan subsidiary company Sokoni Retail Kenya. [7]
As of June 2022, Quick Mart Limited was the second-largest supermarket chain in Kenya, with 53 retail outlets. [1] [2] In 2017, the components of today's (2022) Quickmart had gross annual sales in excess of KSh1 billion (approx. US$10 million) then. [6]
Quick Mart is a fast-growing retail chain. In 2021, it opened six new stores, the highest number among all supermarket chains in the country that year. A number of factors contributed to that rapid growth. Three large Kenyan supermarket chains collapsed around that time; Nakumatt, Tuskys and Uchumi all went under in rapid succession. At about this time, Choppies Enterprises Limited, a retail chain based in Botswana, withdrew from Kenya. With new funding from Adenia Partners, Quick Mart expanded into some of the locations vacated by the closed firms. [8]
The table below illustrates the shareholding in Quick Mart Supermarkets Limited in June 2022. [6] [7]
| Rank | Name of Owner | Domicile | Percentage Ownership | Notes |
|---|---|---|---|---|
| 1 | Kinuthia Family | Kenya | Less than 50.0 | [6] [7] |
| 2 | Sokoni Retail Kenya* | Kenya | More than 50.0 | [6] [7] |
| Total | 100.00 | |||
After the merger with Tumaini Self Service Stores, Quick Mart is led by a ten-person senior management team headed by the chief executive officer, Peter Kang'iri. [6] [9]
A convenience store, convenience shop, bodega, corner store, corner shop, or superette is a small retail store that stocks a range of everyday items such as tea, coffee, groceries, fruits, vegetables, snacks, confectionery, soft drinks, ice creams, tobacco products, lottery tickets, over-the-counter drugs, toiletries, newspapers and magazines.
Uchumi Supermarkets, often referred to simply as Uchumi, is a Kenyan supermarket chain. The word uchumi means "economy" in Swahili.
Bharti Enterprises Limited is an Indian multinational conglomerate, headquartered in Delhi. It was founded in 1976 by Sunil Bharti Mittal. Bharti Enterprises owns businesses spanning across telecommunications, manufacturing, insurance, real estate, hospitality, and food. The group's flagship company, Bharti Airtel, is a telecom service provider with operations in more than 18 countries across Asia, Africa and Europe. The company ranks amongst the top two mobile network operators globally by number of subscribers.
Spire Bank, formerly known as Equatorial Commercial Bank(ECB), is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.
Nakumatt was a Kenyan supermarket chain. "Nakumatt" is an abbreviation for Nakuru Mattress.
Tops is a grocery chain in Thailand. Co-founded by the then-parent of U.S.-based Tops Markets LLC, the chain is operated under the name Tops Supermarket in Thailand by Central Food Retail, a subsidiary of Central Retail Corporation. In addition to Tops Supermarket, some branches are called Tops Superstore, Tops Market, Tops Market Food & Wine, Tops Daily and Central Food Hall. It is the largest supermarket chain in Thailand and operates 235 stores nationwide.
Credit Bank Limited (CBL), commonly referred to as Credit Bank, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.
Kingdom Bank Limited (Kenya), formerly Jamii Bora Bank, is a commercial bank in Kenya. It is one of the commercial banks licensed by the Central Bank of Kenya, the national banking regulator.
Puregold Price Club, Inc. or simply Puregold is a chain of supermarkets in the Philippines trading goods such as consumer products on a wholesale and retail basis. It currently has approximately more than 400 operating stores and over 20 food service stalls.
Naivas Supermarket, often referred to simply as "Naivas", is the largest supermarket chain in Kenya, with 103 outlets as of March 2024. At that time, Naivas was the largest supermarket chain in Kenya, ahead of Quick Mart Limited with 51 outlets in the country.
Tuskys, was a Kenyan supermarket chain. It was one of the large supermarket chains in the Great Lakes Area. It employed nearly 6,150 people, 6,000+ in Kenya, and 150 in Uganda.
Ukwala Supermarkets, often referred to simply as Ukwala, is a supermarket chain in Kenya, the largest economy in the East African Community. The supermarket chain is a subsidiary of Choppies, a retail conglomerate based in Gaborone, Botswana.
Atul Shah is a businessman and entrepreneur in Kenya. He is the managing director and chief executive officer of the Nakumatt Holdings Limited, the parent company of Nakumatt Supermarkets, the largest, privately owned supermarket chain in the African Great Lakes area, with branches in Kenya, Uganda, Tanzania and Rwanda. As of September 2014, the retail chain maintained 50 stores in four countries, employed over 7,000 people and had annual sales in excess of US$650 million.
Maathai Supermarkets, often referred to simply as Maathai, is a supermarket chain in Kenya.
Eastmatt Supermarkets, often referred to simply as Eastmatt, is a supermarket chain in Kenya, the largest economy in the East African Community.
Trushar Khetia, is a Kenyan businessman and entrepreneur. He is the founder and current chairman and CEO of the Tria Group of companies, including a chain of supermarkets known as Society Stores Supermarkets.
Chandarana Food Plus Supermarkets, is a Kenyan supermarket chain operated by Chandarana Food Plus Supermarkets Limited.
{{cite web}}: |author= has generic name (help)