Shoprite Mall has declared the stopping of operations at its Kano State branch starting from January 14, 2024.
The well-known mall cited financial challenges and the burden of high production costs as reasons for its decision to discontinue operations in the country, as stated in a circular provided to our correspondent on Thursday.
This decision follows closely on the heels of Jumia Food’s recent announcement to halt operations in Nigeria by the end of the month, citing escalating economic difficulties.
In the circular, the supermarket expressed regret over the decision, emphasizing its necessity. It hinted at the unfortunate consequence that all employees working at the mall would be laid off once it ceases operations in the state.
“I regret that our store in Ado Bayero Mall, Kano, will close 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 organization.”
“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 read.
Meanwhile, the store has conveyed its intention to open new branches in different regions of the country. Additionally, it mentioned that employees in Kano are welcome to apply for positions at these upcoming stores.