Twitter Users React As Shoprite Announces Plan To Pull Out Of Nigeria

Shoprite, Africa’s biggest grocery retailer, has announced plans to leave Nigeria after 15 years.

The South-Africa based retailer has started a formal process to sell their stake in its supermarkets in Nigeria. This was revealed via a trading statement which was released on Monday, August 3.

This process was initiated after the retail chain said in November that it was reviewing its supermarket operations outside South Africa and would consider exiting certain countries if that would help reverse regional sales declines.

Shoprite

Shoprite

Shoprite

Shoprite has been battling currency-induced inflation surges in several other African countries.

This comes weeks after it was revealed that another popular retail store, Mr. Price, is making plans to close its Nigerian business.

You May Also Like:

“You Ought To Respect African Spirituality The Way You Respect Other Religion” — Lawyer Lola OJ

“All I See Is Jobless Nigerian Youths Saying Trash” – Mompha Slams Those Who Criticized Him For Visiting Adeherself

Sex Worker Rejoices As She Graduates, Makes It Clear She’s Not Stopping Sex Work

Leave a Reply

Your email address will not be published. Required fields are marked *