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Reasons for Shutting Down Wuse Zone 5, Abuja Shoprite Mall

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Reasons for Shutting Down Wuse Zone 5, Abuja Shoprite Mall

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Reasons for Shutting Down Wuse Zone 5, Abuja Shoprite Mall

Shoprite Mall has announced the closure of its branch at Novare Central Mall in Wuse Zone 5, Abuja, effective June 30, 2024. This decision was disclosed in a circular signed by Folakemi Fadahunsi, the Chief Executive Officer, informing vendors that their services would no longer be required at the store.

Reason for Closure

The closure decision was made after a thorough assessment of the store’s financial status and the state of the economy. The circular stated:

“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.”

Impact on Vendors

Shoprite has informed vendors that their services would no longer be required at the store. The circular continued:

“Effective June 30, 2024, our company will no longer operate in Wuse, Abuja, and we will no longer require your services for the Novare Wuse Central Mall Store. Please note that all existing service contracts will also terminate for the store.

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.

We would like to express our gratitude for your past business. It has been a pleasure working with you and your team. If you have any questions or concerns, or if there is anything we can do to assist you during this challenging transition, please do not hesitate to reach out to us.”

This closure follows a similar announcement regarding the shutdown of another branch in Kano, reflecting the ongoing adjustments in Shoprite’s operations in response to the challenging economic environment.

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