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 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.
Now that shoprite is leaving Nigeria which supermarket are we patronizing ?
— Dehkunle Of Africa 💧 🐐 (@Dehkunle) August 3, 2020
Mr Price has closed shop and left Nigeria. Apparently Shoprite too is closing its operations and leaving Nigeria after selling its stakes.
Very soon multichoice and MTN might also leave. Buhari is really doing a great job and Nigerians are lucky to have him as President.
— Kelvin Odanz (@MrOdanz) August 3, 2020
The exit of Shoprite from Nigeria should tell you what you need to know about the "size of the Nigerian consumer market" and the economic incompetence of the present administration.
Anyway, Leventis & Kingsway Stores suffered the same fate under a previous Buhari Administration.
— Onye Nkuzi (@cchukudebelu) August 3, 2020
Dear slay mamas, bear in mind that it's shoprite that's leaving not the malls.
You'll still have places to take your pictures, without the yellow nylon though.— Victor Babatunde (@vhic_tore) August 3, 2020
Shoprite couldn't compete with the new entrepreneurs we supported with Trader Moni.
— Ayobami (@dondekojo) August 3, 2020
Before and After shoprite leaves Nigeria. pic.twitter.com/q93coqfWF8
— Duke of Ibadan🀄 in Canada 🇳🇬 🇨🇦 (@Mc_Phils) August 3, 2020
So shoprite is leaving Nigeria,thousands of people will be without jobs now,other thousands depending on those people’s incomes,my new neighbor works with shoprite in Ibadan&he has 3kids,his wife is a private school teacher and haven’t worked in a while,so many people like that🤦♂️
— Oyindamola🧔 (@dammiedammie35) August 3, 2020
If Shoprite is leaving Nigeria where would ilorin people be snapping now?
— 𝐃𝐚𝐦𝐦𝐲 🖋 (@dukedammy) August 3, 2020
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