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Shoprite To Close Wuse Mall In Abuja

by Nafisat Abdulrahman
12 months ago
in Business
shoprite
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Retail Supermarkets Nigeria Limited, operators of Shoprite Mall, has announced the impending closure of its Wuse Zone 5 outlet in Abuja, effective June 30, 2024.

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The decision was communicated through a circular signed by the company’s Chief Executive Officer, Dr. Folakemi Fadahunsi.

The closure was attributed to the challenging business climate in Nigeria. The company stated that the decision followed a thorough evaluation of the store’s financial performance. “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,” the circular read.

Additionally, the company informed vendors that their services would no longer be required at the Novare Wuse Central Mall. It also mentioned that they would review financial records over the next 60 days to address any outstanding balances.

“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.

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“If your services are specifically tied to the Novare Wuse Central Mall Store and if there is an outstanding balance between our companies, we will carefully review our accounting records over the next 60 days. We will then promptly contact you to confirm the amount owed and discuss a suitable payment schedule,” it stated.


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Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

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