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Shoprite to close Abuja branch June 30 due to the high cost of living

Shoprite to shut down Abuja Branch On June 30 Due To Current Economic Realities.

Shoprite Mall has declared that on June 30, 2024, it will close one of its outlets in Abuja. This branch may be found in Wuse Zone 5 in Novare Central Mall.

The retail supermarket’s chief executive officer, Dr. Folakemi Fadahunsi, signed a circular announcing the news. In an interview with Punch, a store employee who begged to remain anonymous also affirmed the allegation, adding, “Yes, it is real; we just heard it here too.”

The well-known mall justified its choice by citing a careful analysis of the store’s financial status and the state of the industry.

It also informed vendors that the store would no longer require their services. “We regret to tell you that Retail Supermarkets Nigeria Limited will be closing its Wuse Store located in Novare Wuse Central Mall, Abuja, as of June 30, 2024,” the circular stated. This choice was taken following a careful analysis of the financial standing of the store and the state of the industry. We think that this is the greatest course of action for the long-term development of our company.

“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.”

In order to clear outstanding amounts, the company would be evaluating its financial records within the next sixty days, according to the circular.

“We would like to express our gratitude for your past business. It has been a pleasure working with you and your team. If you have any questions or concerns, or if there is anything we can do to assist you during this challenging transition, please do not hesitate to reach out to us, it added.

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