Shoprite Mall has announced its intention to cease operation in its Kano branch, Northwest Nigeria from January 14, 2024.
This was contained in a
circular signed by the management of the retail supermarket on Thursday,
December 14, 2023.
The mall, located in Bayero
Kano State, said it would not continue its operations in the state due to the
current financial situation of the mall in the state as well as the difficult
business climate in the country.
In the circular, the
supermarket noted that the decision is regrettable, however necessary, hinting
that all the employees working at the mall will be laid off once it ceases
operation in the state.
The circular reads; “I regret
that our store in Ado Bayero Mall, Kano, will be closing 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
reads in part.
Meanwhile, the store indicated
that they will be opening new branches in other parts of the country, adding
that their employees in Kano can apply for jobs in those stores.
“Additionally, we will
operating new stores in the upcoming months and you are welcome to apply for
employment there as well,” the statement outlined.
This development is coming on
the heels of the current announcement by Jumia Food to cease operation in
Nigeria by the end of this month, citing burgeoning economic challenges and the
high cost of operation in the country.
Francis Dufay, CEO of Jumia,
noted that the company has decided to divert its capital resources to other
ventures within the company, stating,
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