Just In : Shoprite Shuts Operations At Kano’s Bayero Mall
Our heritage reporter reported on December 14, 2023, that Shoprite had announced the closure of its Ado Bayero Mall Store, Kano from January 14, 2024.
The Retail Supermarkets Nigeria Limited (RSNL), operator of the Shoprite franchise in Nigeria has finally closed its Ado Bayero Mall Store, Kano, Kano State Northwest Nigeria.
SaharaReporters reported on December 14, 2023, that Shoprite had announced the closure of its Ado Bayero Mall Store, Kano from January 14, 2024.
A video Imran Muhammad shared on his X, seen by SaharaReporters shows empty shelves in the Kano Mall.
A voice in the 27-second video lamented that only drinks were still available at the Shoprite store at the time it was being shot.
kano Shoprite Closed it Operation. https://t.co/RNWZ1vbb5J pic.twitter.com/OJQB6yC1p1
— Imran Muhammad (@Imranmuhdz) January 15, 2024
SaharaReporters had reported that in a closing announcement dated December 7, 2023, signed by Mubertus Rick for the company, the company said the decision to close the store was taken after careful evaluation of its financial situation and the current business climate.
Titled: “Ado Bayero Mall Store Closing Announcement,” the announcement addressed to employees reads: “I regret to inform you that our Stores in Ado Bayero Mall, Kano, Kano State will be closing its doors on January 14, 2024. This decision was not made lightly, as we understand the impact it may have on our employees and the community.
“However, after careful evaluation of the financial situation of the store and the current business climate, we believe it is the best course of action for the long-term growth of our organization.
“We understand that this news may be difficult to digest, and we want to assure you that we are here to support you during this transitional period. Your well-being is our top priority, and we will do everything we can to assist you in finding new opportunities within our company.
“We encourage you to apply for any vacant positions in our existing stores across the country through the Human Resources department. Additionally, we will be opening new stores in the coming months, and you are welcome to apply for employment there as well.
“We deeply appreciate your dedication, hard work, and commitment to our company throughout the years. Your contributions have been invaluable, and we are grateful for the value you have brought to our team.
“As we navigate this transition, we will ensure that the process is as seamless as possible for everyone involved. In the upcoming days and weeks, we will provide you with more information regarding severance packages and other important details.
“Once again, we want to express our gratitude for your contributions to our company’s success. We hope that you will stay connected with us as we move forward. If you have any questions or require assistance, please don’t hesitate to reach out to me, the Chief Operating Officer, or our Head of Human Resources.”
According to information on its website, RSNL launched its first Nigerian store in Lagos in December 2005 and has expanded to 26 outlets across 14 states in the country. The company also has a 4,732-square-meter distribution centre in Lagos, which facilitates direct delivery from local farmers for Freshmark-Shoprite’s fruit and vegetable procurement and distribution arm.
In May 2021, Persianas Investment Limited, through an SPV, Ketron Investment Limited, completed the acquisition of RSNL from SHL to become the owner and operator of Shoprite stores in Nigeria.
In 2021, Ketron Investment Limited, a Nigerian company acquired RSNL, the owners of Shoprite Stores nationwide.
With approval from the Federal Competition and Consumer Protection Commission (FCCPC), Ketron acquired 100% ownership of Shoprite in Nigeria with prospects of opening additional stores to optimise visibility for the wide variety of Nigerian-made products as well as international brands.
SaharaReporters recently reported that Procter & Gamble (P&G), the world’s largest personnel care and household products company, makers of brands like Pampers, Gillette among others had announced its plans to transition from local production to solely importing its products as it winds down its on-ground presence in Nigeria.
A few months ago, a top global pharmaceutical giant, GlaxoSmithKline (GSK) wound down its operation in Nigeria. GSK, a top global pharmaceutical manufacturer, had 51 years of operations in Nigeria.
Meanwhile, some Nigerians have decried the closure, noting that the company has thrown hundreds of Nigerians back into the labour market at a time when the country is facing a ravaging economic crunch.
@Nwafresh wrote: “At least they kept to their words thereby making people unemployed this hard January. God is watching.”
At least they kept to their words thereby making people unemployed this hard January. God is watching.
— Nwafresh 🍥 (@Nwafresh) January 15, 2024
@Emmbee_brown lamented that the closure was a result of the “bad economic policies” of President Bola Tinubu’s administration at the federal level.
“This is so sad that Shoprite finally shut down operation in Kano. The effect of the Economic policies,” he said.
This is so sad that Shoprite finally short down operation in Kano. The effect of the Economic policies.
— ※ 𝕄’𝔹𝕒𝕢𝕚𝕣🇵🇸※ (@Emmbee_brown) January 15, 2024
