Local retailer Tusker Mattresses Ltd is set to roll out an up to 90 percent discount sale this weekend at its flagship Tuskys T-Mall hypermarket location.
The Up to 90 percent clearance sale, which kicks off April 29, 2021, will feature a selection of household, furniture and clothing items and will be hosted in strict compliance with Covid-19 protocols.
While confirming the clearance sale plans, the retailer’s interim Chief Executive Officer Mr Chadwick Okumu said the sale at T-Mall Parking Silo would provide an opportunity to generate the much-needed working capital to accelerate the firm’s recovery plans.
“This Up to 90 percent Clearance Sale provides us with twin opportunities to express our gratitude to our stakeholders who have continued to stand with us under difficult operating conditions. It is also an opportunity to liquidate stocks and generate much-needed cash to fund operations at the ten running branches,” Okumu said.
Proceeds will be ploughed back into the business to finance fast-moving lines in all active branches as a means of growing footfall further by expanding FMCG product ranges and subsequently enhancing customer satisfaction.
The subtle recovery plan, Okumu said, has seen the retailer nurse to life nine key branches in Nairobi, Machakos, Kajiado, Narok and Mombasa, with gradual but consistent growth in sales revenue being recorded over the last three months.
The nine branches include Tuskys T-Mall, Tuskys Karasha (Kenyatta Avenue), Tuskys Imara (Tom Mboya Street), Tuskys Ongata Rongai, Tuskys Thigiri, Tuskys Ol-Talet, Tuskys Bandari, Tuskys Eastlands (Buruburu).
“A visit to any of the above branches gives an impression of a return to normalcy as evidenced by the level of activity and the vibrance from the staff running the shops.”
The retailer also announced plans to re-open its Tuskys Milele (Ngong) brnach in a two weeks period time as the tenth operating branch.
The Up to 90 percent discount sale will provide an opportunity for bargain hunters to acquire quality retail items at rock bottom prices.
During this weekend’s sale, the retailer said it would maintain a cash lite sales option with all payments to be settled via M-Pesa.
