Shoprite Mall has announced the closure of its Wuse branch in Abuja, effective June 30, 2024.
The branch, located at Novare Central Mall in Wuse Zone 5, will cease operations following a detailed assessment of its financial performance and the prevailing business climate.
The announcement was made in a circular signed by the Chief Executive Officer, Dr. Folakemi Fadahunsi, and obtained by our correspondent on Monday. Confirming the news, a staff member at the store, who wished to remain anonymous, stated, “Yes, it is true, we just heard it here too.”
The circular highlighted the reasons behind the decision, citing a thorough evaluation of the store’s financial situation and the current business environment as key factors. It also informed vendors that their services would no longer be required post-closure.
“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.
Shoprite assured vendors that all existing service contracts tied to the Wuse store would terminate on the same date, and the company would review its accounting records over the next 60 days to settle any outstanding balances.
“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,” the circular added.
Expressing gratitude for the support from vendors, the company offered assistance during the transition period, inviting any questions or concerns.
