IN SUMMARY Spanish clothing retailer Zara entered the market last week through a distribution agreement with local retailer Deacons, which also launched the Massimo Dutti clothing line last week. British shoe retailer, Clarks, has expressed interest in opening three stores in Nairobi this year as the firm seeks a slice of Kenyan buyers with deep pockets. South Africa-based retail chains Foschini and Edgars are planning to set up shop at the upcoming Garden City Mall on Thika Road by the end of 2014. The number of Kenyans classified as middle class has doubled in the last decade to almost a fifth of the population or 6.5 million Kenyans, data from the African Development Bank (AfDB) shows.
Posted on: Tue, 20 Aug 2013 07:15:13 +0000
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