South African retail firm and second-largest distributor of consumer goods in Africa, Massmart Holdings Limited announced plans to dispose of all general merchandise, a total of 14 Game Store across Nigeria, Ghana, Uganda, Kenya and Tanzania.
The retail giant initially planned to sell its Nigerian assets to Xanderwill Limited, but it now says it will empty all its stores through a stock clearance sale.
It will close its shops and exit the Nigerian market by December 25, 2022. Earlier this month, the company notified its business partners of the plan to close the company. But in a new letter dated October 26, the company announced the final shutdown date of December 25.