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ShopRite to Close Operations in Abuja Branch

byGrace Amos
June 25, 2024
in Business
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Shoprite Mall has said that it will close one of its locations in Abuja on June 30, 2024. The branch is located in Wuse Zone 5 near Novare Central Mall.

This was stated in a memo that our correspondent received on Monday and that was signed by the retail supermarket’s chief executive officer, Dr. Folakemi Fadahunsi.

The allegation was also verified by a store employee who begged to remain anonymous, stating, “Yes, it is true, we just heard it here too.”

The well-known mall justified its choice by citing a careful analysis of the store’s financial status and the state of the industry. It also informed vendors that the store would no longer require their services.

The circular read, “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. 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.”

The circular further stated that, in order to pay any outstanding bills, the company will be going over its accounting records over the next sixty days.

“If your services are specifically tied to the Novare Wuse Central Mall Store and if there is an outstanding balance between our companies, we will carefully review our accounting records over the next 60 days (about 2 months). We will then promptly contact you to confirm the amount owed and discuss a suitable payment schedule.

“We would like to express our gratitude for your past business. It has been a pleasure working with you and your team. If you have any questions or concerns, or if there is anything we can do to assist you during this challenging transition, please do not hesitate to reach out to us, it added.

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Grace Amos

Grace Amos

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