One of the branches of ShopRite in Nigeria, a mall located in the Wuse area of the Federal Capital Territory, FCT, Abuja has decided to close its business Because of the business climate beginning from June 30, 2024.
This information was issued in a circular by the chief Executive Officer of the supermarket, Dr Folakemi Fadahunsi
He said that the decision to close down the mall was made after a thorough evaluation of the store’s financial situation and the poor business climate which is caused by the current economic situation of the country.
The mall went as far as telling all its vendors that their services will no longer be required at the store starting from the 30th of June, 2024.
According to the circular, it says, “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 organization’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.”
This is a matter of concern to all Nigerians, as all companies in the country begin to fold up, including the renounced ShopRite.
Discover more from Infodorm
Subscribe to get the latest posts sent to your email.