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The Retail Supermarket Nigeria Limited (RNSL) known as Shoprite Nigeria has announced the closure of its Ado Bayero Store in Kano, citing consumer buying power, high cost of doing business, rental cost, and negative financial performance.
Announcing the closure, in a statement issued on Tuesday, its Chief Executive Officer, Hubertus Rick, stated that while the outlet had been shut down from January 14, the retail chain still mules a two to five-year bullish growth plan for the Nigerian market.
He said,
“We have also demonstrated the resilience of its brand with the audacious restoration of its store at Circle Mall, Lekki, to business years after it was completely razed during the EndSARs protests in October 2020,” he stated., After careful evaluation of the financial situation of the store and the current business climate, Shoprite believes 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 transition 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,” he stated.
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