Shoprite has announced the closure of one of its branches in Abuja, effective June 30, 2024.
The decision was communicated through a circular signed by the Chief Executive Officer, Dr. Folakemi Fadahunsi, citing the prevailing financial situation in the country and the challenging business climate as reasons for the closure.
The circular expressed regret for any inconvenience caused by the closure but emphasized that it is necessary for the long-term growth and sustainability of the organization.
It also indicated that all existing service contracts for the Novare Wuse Central Mall Store will terminate on June 30, 2024.
Additionally, the circular stated that the company will conduct a review of its accounting records over the next 60 days to settle any outstanding balances with service providers specifically tied to the Novare Wuse Central Mall Store.
The circular concluded by thanking all service providers and partners for their past business and expressing willingness to assist during the transition.
