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    Chronicle NG

    Shoprite stops operation in Abuja over financial struggles, others

    Opalim LiftedBy Opalim LiftedJune 24, 2024No Comments2 Mins Read
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    Shoprite to close Abuja branch June 30
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    Shoprite Mall has announced its intention to cease operation in one of its Abuja branches on June 30, 2024.

    The branch is located at Novare Central Mall, Wuse Zone 5.

    A staff at Shoprite who pleaded anonymity also confirmed the report, saying, “Yes, it is true; we just heard it here too.”

    This was contained in a circular signed by the Chief Executive Officer, Dr. Folakemi Fadahunsi, on behalf of the retail supermarket and obtained by Chronicle NG on Monday.

    The popular mall (shoprite) attributed its decision to a thorough evaluation of the store’s financial situation and the current business climate.

    • Kano Shoprite stops operation over high production cost

    Additionally, it informed vendors that the store would no longer require their services.

    The circular read, “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.”

    The circular added that the company (shoprite) would be reviewing its accounting records in the next 60 days to settle outstanding balances.

    “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 (about 2 months). We will then promptly contact you to confirm the amount owed and discuss a suitable payment schedule.

    “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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