JUST IN: Shoprite shuts down Abuja branch over 'biting economy'

JUST IN: Shoprite shuts down Abuja branch over ‘biting economy’

Shoprite Mall has announced its plans to shut down operation in one of its branches in Abuja from June 30, 2024.

This was contained in a circular issued by the Chief Executive Officer, Dr Folakemi Fadahunsi, on behalf of the retail supermarket.

The organization said that the decision was made after a thorough evaluation of the “store’s financial situation and the business climate”, birthed by the current economic situation of the country.

The popular mall notified vendors that their services would no longer be needed at the store as from June 30, 2024.

The circular reads in part, “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.”