Retail Supermarkets Nigeria Limited, operators of Shoprite Mall, has announced the impending closure of its Wuse Zone 5 outlet in Abuja, effective June 30, 2024.
The decision was communicated through a circular signed by the company’s Chief Executive Officer, Dr. Folakemi Fadahunsi.
The closure was attributed to the challenging business climate in Nigeria. The company stated that the decision followed a thorough evaluation of the store’s financial performance. “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,” the circular read.
Additionally, the company informed vendors that their services would no longer be required at the Novare Wuse Central Mall. It also mentioned that they would review financial records over the next 60 days to address any outstanding balances.
“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.
“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. We will then promptly contact you to confirm the amount owed and discuss a suitable payment schedule,” it stated.