Shoprite stores shut in Ibadan, Ilorin, shelves empty in...

Shoprite stores shut in Ibadan, Ilorin, shelves empty in...

This is not the best of times for the popular retail company, Shoprite in Nigeria as the firm struggles to stay afloat four years after the exit of its former South African owner from Nigeria’s retail business, Daily Trust can report. Amidst the growing competition in the retail supermarket segment, Shoprite is fast losing its dominance in the space with most of its outlets virtually empty and on the verge of shutting down. As of the time of fil…

Shoprite Nigeria Faces Survival Battle as Stores Shut Down, Shelves Go Empty

This is not the best of times for Shoprite Nigeria, as the once-dominant retail giant struggles to stay afloat four years after its South African The post Shoprite Nigeria Faces Survival Battle as Stores Shut Down, Shelves Go Empty appeared first on The Herald.

Shoprite Nigeria shuts stores after Amusan’s Ketron takeover

Four years after Nigerian businessman Tayo Amusan’s Ketron Investment Limited, a subsidiary of Persianas Group, acquired Retail Supermarkets Nigeria Limited (RSN)—the operator of Shoprite in Nigeria—the retailer is still struggling to steady its business in Africa’s most populous economy. The challenges have now led to the closure of key outlets across major cities.Local reports from Daily Trust confirm that Shoprite outlets in Ilorin, the capit…