Shoprite supermarket has announced the closure of one of its Abuja branches from June 30, 2024, located at Novare Central Mall in Wuse Zone 5.
The company said this decision was made after a thorough evaluation of the store’s financial situation and the current business climate.
This was contained in a circular signed by the Chief Executive Officer, Dr Folakemi Fadahunsi, on behalf of the retail supermarket. The circular additionally notified vendors that their services would no longer be needed.
“We regret to inform you that as of June 30, 2024, Retail Supermarkets Nigeria Limited will be closing its Wuse Store located in Novare Wuse Central Mall, Abuja. This decision has been made after a thorough evaluation of the store’s financial situation and the current business climate.
“We believe this is the best course of action for our organisation’s long-term growth. Effective June 30, 2024, our company will no longer operate in Wuse, Abuja, and we will no longer require your services for the Novare Wuse Central Mall Store. Please note that all existing service contracts will also terminate for the store.”
The circular added the company would be reviewing its accounting records in the next 60 days to settle outstanding balances.This is another shutdown in a string of multinationals shutting down operations in Nigeria by either scaling down operations, transferring ownership or selling their stakes.
