Economic Hardship Forces Closure of Abuja Shoprite, Cites ‘Business Climate’

A Shoprite Mall in the Wuse area of the Federal Capital Territory, Abuja, has announced it will cease operations starting June 30, 2024.

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

The organization cited a thorough evaluation of the “store’s financial situation and the business climate,” driven by the current economic situation in the country, as the reason for the closure.

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

The circular states, “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.Hi

“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.”