Shoprite parent company, Retail Supermarket Nigeria Limited (RSNL), has declared that as of June 30, it will no longer be operating at its Wuse shop in the Novare Wuse Central Mall in Abuja.

The decision was reached following a careful assessment of the store’s financial status and the present economic environment, according to the company’s Chief Executive Officer, Folakemi Fadahunsi, in a circular headlined ‘Notification of Novare Wuse Central Mall, Closure’ dated June 21.

We are sorry to notify you of that, as of June.

It is with great regret that we inform you that, from June 30, 2024, Retail Supermarkets Nigeria Limited will be closing its Wuse store at Novare Wuse Central Mall, Abuja.

After carefully assessing the store’s financial status and the state of the business industry, this decision has been made. According to the statement, we think that this is the wisest course of action for the long-term success of our organization.

The statement stated that as of June 30th, the business will cease operations in Wuse, Abuja, and that ‘we will no longer require your services for the Novare Wuse Central Mall Store.’

According to the statement, all current service agreements will also expire for the store.

‘Over the next 60 days (roughly two months), we will closely review our accounting records if your services are specifically related to the Novare Wuse Central Mall Store and if there is an outstanding balance between our companies.’ Then, in order to verify the amount owed and work out an appropriate payment plan, we will get in touch with you right away.

For your previous business, we would like to thank you. Engaging with you and your group has been an enjoyable experience. Please don’t hesitate to contact us if you have any queries or worries, or if there is anything we can do to help you through this difficult transition, the business stated.
Employees and customers respond
On Monday night, this reporter went to the supermarket with VIZTADAILY NEWS.

saw that there were several empty shelves in the store.

A few patrons who were interviewed by this publication stated they were unaware of the impending closure.

In a conversation with VIZTADAILY NEWS on Monday evening, a corporate executive who wishes to remain anonymous because he was not granted permission to comment on the matter stated that they were notified about the situation on Sunday.

The source also mentioned that the company had assured them of receiving a package in exchange for their termination. It seems wrong to me, but I’m not sure how it is for the others. because they have a month’s notice to provide us.

‘Yesterday, there was a meeting, but I wasn’t present. However, my coworkers spoke with the CEO, and they announced that we will be laid off along with a package. The issue is that they informed us they will be closing on June 30th, but we have no idea what the package contains. Should we fail to arrive at work, they

‘As employees here, they are meant to inform us after a month or two, correct? In reality, though, they merely informed us a week in advance of the shutdown yesterday. Additionally, they informed us that we just had a week, which will send the shipment to us, but what happens if it isn’t enough? the official said.

The speaker said that employees ‘belong to a union that is supposed to at least fight for their rights in the face of uncertainties.’

Thus, if by the 30th nobody will return to the store and we are unaware of the package they are sending us. But it’s obviously money, in my opinion. They informed us that their closure is a result of the current economic climate. They are therefore expected to move us to another store if there is a financial emergency.

Furthermore, they should provide us with something material if they decide to fire us, as nearly a hundred people will be left jobless. employment. Furthermore, the majority of us are married. We’re interested to see what they have to offer. That’s what we’re now waiting for.

Gabriel Agwu, a client, pointed out that while there are other options to shopping, the closure will result in employment losses.

On the negative side, The management has informed us that while there are alternatives to shopping, the number of employees who are unaware of the plan and the number of people who will lose their jobs are the only drawbacks to this decision. However, we will truly miss ShopRite for the employees who will lose their jobs.

‘I just discovered on Saturday that, at the end of the month, they will be closing. When I went shopping recently, I observed that they were attempting to cut prices and placed most items on discounts.

The mall is deserted, as you can see. They’re not replenishing, as the counters are empty. Bread is not available today. The drinks are no longer available. It’s true. Now that the closure seems real, I believe it,’ he added.

‘I was surprised to see all the shelves empty,’ remarked Amaka Okechukwu, a different customer. One of the employees even responded to my question about why everything is so empty by saying that the store would be closing at the end of the month.

The store closing further emphasizes the expense of living problem, which has negatively impacted firms’ and investors’ access to the Nigerian business climate.

Nigerians have faced difficulties fulfilling their basic financial demands ever since the country declared last year that it was eliminating a costly fuel subsidy and unifying its several exchange windows.

Many people are currently struggling to satisfy their basic needs due to the extraordinary food crisis and skyrocketing prices, which has an impact on how businesses and retail establishments operate.