The $20 million South African retail store Shoprite Mall is set to shut operations in its Kano branch, Northwest Nigeria from January 14, 2024.
News Central saw a statement signed by the management of the retail supermarket on Thursday.
The mall said it would discontinue its operations in the state due harsh business climate in the country and other financial constraints it is facing.
Yesterday, Jumia Food announced its plans to cease operation in Nigeria by the end of December, citing current economic challenges and the high cost of doing business in the country.
“I regret that our store in Ado Bayero Mall, Kano, will be closing its doors on January 14 2024. This decision was not made lightly, as we understand the impact it may have on our employees and the community. However, after careful evaluation of the financial situation of the store and the current business climate, we believe that it is the best cause of action for the long-term growth of our organisation.
“We understand that this news may be difficult to digest. We want to assure you that we are here to support you during this transitional 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 position in existing our store across the country through the Human Resources department,” the statement reads in part.
Meanwhile, the store indicated that they will be opening new branches in other parts of the country, adding that their employees in Kano can apply for jobs in those stores.
“Additionally, we will be operating new stores in the upcoming months and you are welcome to apply for employment there as well,” the statement outlined.
