Matooke Republic
Saturday, July 12, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Why Game Store is closing its only outlet in Uganda

William Kasoba by William Kasoba
October 5, 2022
in Business, Featured Stories
Reading Time: 2 mins read
27
SHARES
Share on FacebookShare on Twitter

Massmart, the operators of Game Store in Kampala have opted to close their only outlet at Lugogo Mall after failing to find a buyer.

According to the official statement, in March last year, Massmart decided that it would review the operations of its Game Stores in East and West Africa, noting that during the review, it would explore the option of engaging potential buyers to improve the performance of some of its stores under the management of investors and entrepreneurs with a better understanding of local market conditions.

“Massmart initiated a process over a 12-month period to investigate… the opportunity to sell our East and West African stores to local investors. Unfortunately, this initiative did not deliver a meaningful outcome,” the company said in a statement on Wednesday.

RELATED POSTS

Jacob Kiplimo shines at Samsung Galaxy Unpacked as new Galaxy Watch 8 launches

Pearl Tower One: Meera Investments unveils Kampala’s landmark Grade-A office building

It is reported that Massmart has been posting losses and losing market share to bigger local rivals.

In the latest development, Neville Hatfield, the Vice President of Game Merchandise, said that they are considering closing.

“One possible way forward now is to consider closing our Game store in Uganda and we have therefore initiated potential store closure consultations with our staff members in the potentially affected stores,” he said in a statement.

However, he assured employees that they are finding the best possible alternatives for them.

“Our present focus is to ensure a transparent consultation process with our staff members and their representatives after which we will update you about the agreed next steps.

“It is difficult to anticipate the timing of the consultation process, but please be assured that we will get back to you as soon as we have collective clarity on the way forward,” he said.

Having opened in 2004, Game Stores now joins other retail chains, including Shoprite, Nakumatt, and Uchumi, that have exited the Ugandan market after struggling with the business.

Related

Tags: Game Store
Share11Tweet7Send
William Kasoba

William Kasoba

Related Posts

No Content Available
Next Post

Denis Onyango named in CAF Team of the Decade

I’ve never had an ex. If he is there, he should come with evidence- Hellen Lukoma

RECOMMENDED

Bebe Cool pushes for East African collaboration and use of collective numbers to take over the world musically

July 11, 2025
Fatuma Bbuye Nabiwemba.

State Prosecutor found dead at her home in Kasangati

July 11, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    3922 shares
    Share 1569 Tweet 981
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    97 shares
    Share 39 Tweet 24
  • Kampala University proprietor Prof Kateregga’s wife rejects DNA results indicating one of three children is not his, demands fresh test in the United States

    94 shares
    Share 38 Tweet 24
  • Properties owned by late billionaire Aponye at risk of auction over Shs15 billion loan arrears

    78 shares
    Share 31 Tweet 20
  • Pastor Bugingo’s daughter Doreen Gift awarded scholarship to Arizona State University in the US

    61 shares
    Share 24 Tweet 15
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.