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Nairaland Forum / Nairaland / General / Business / Shoprite To Cease Operation In Kano From January 14, 2024 (30852 Views)
Shoprite to shut down Abuja Branch On June 30 Due To Current Economic Realities / Woman Shows Off Her Savings From January To December (Photos,Video) / Shoprite To Leave Nigeria After 15 Years - News24 (2) (3) (4)
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Re: Shoprite To Cease Operation In Kano From January 14, 2024 by coleon(m): 6:45am On Dec 15, 2023 |
malali:You have made very valid points and you are full of wisdom. Even you will perform better than majority of the people the druglord appointed as minister. Nigeria is sinking daily and some miscreants even here are still driving this useless government to his grave. Just wait for one zombie to respond to the things you have with stated with "you are ipob Tinubu is the best thing to happen to Nigeria". It's a pity sharing this country with brainless zombies. |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Rashduct4luv(m): 7:02am On Dec 15, 2023 |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by KingCold: 7:37am On Dec 15, 2023 |
if a small store like Shoprite ceases to operate in a so-called big economy like Nigeria, there really must be an economic problem because this store is never closes here in SA, it's a bottom-tier store for the poor, working class 2 Likes |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Gerrard59(m): 7:38am On Dec 15, 2023 |
aieromon: That is wrong, then. Dem no try. The south is westernised, the north is middle-eastern. Adapt or die. Dem don die. Thanks for the other article. 1 Like |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Afamed: 7:41am On Dec 15, 2023 |
The competition is the major reason why ShopRite left Kano. There are many big outlets in Kano, that you can not just put a higher price on your goods 1 Like |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by TrumpDonald2: 7:42am On Dec 15, 2023 |
When Tinubu talked about this unification or floating of Naira, i knew it was a very wrong move and made a comment against it. Those that pegged Naira and dollar at an official rate, they are not mad. They had a reason for doing so. But he came in and with his zero understanding of economics, turned everything upside down. All he's after is increase tax, increase revenue and loot. People like FreeStuffsNG will make noise about things they know nothing about. This is the first class. In life, there's time for everything. If you do the right thing at the wrong time, you spoil it. All he has been doing is at the wrong time. Removal of subsidy, floating of the naira etc. Tinubu lacks wisdom, he's just strategic in his greed. I pray we get out of this mess. 2 Likes |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by GreatOchuks: 7:42am On Dec 15, 2023 |
This is indeed sad , I visited that Mall during my time in Kano years back ,, it's always filled with people especially during festive periods .. If Shoprite can afford to shut down and leave Kano which is one of the most populous cities in Nigeria,, then it's safe to fear that they will later shut down their shops in other cities one by one . I always said that Nigeria went backwards 50 years the day Buhari found his way into Aso rock as the President, to make things Worse , we allowed the one that is worst than him enter after him .... 2 Likes |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by GreatOchuks: 7:47am On Dec 15, 2023 |
ufotunang: Real reason I supported Atiku and PDP during the last Elections ,,, we need to first find a way to go backwards to their era before thinking of going forward ... |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Afamed: 7:47am On Dec 15, 2023 |
TOPCRUISE: Travel is part of experience. Before ShopRite came to Kano, there are bigger shopping outlets in Kano. The sole reason ShopRite left Kano is as a result of stiff competitions. There are too many shopping centres in Kano with lower price range compare to ShopRite. Kano is not Aba or Enugu or Anambra. Too many big shopping options in kano 2 Likes |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Afamed: 7:50am On Dec 15, 2023 |
GreatOchuks: So Atiku could have stopped them from moving out of Kano? Speak truth to yourself even if na once in a year Even in Adamawa where Atiku came from, they don't have ShopRite there 1 Like |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by TrumpDonald2: 7:56am On Dec 15, 2023 |
Afamed: Pls stop fooling yourself. Shoprite has been in Kano for over eight years. Where they not facing competition then? The truth remains that the purchasing power of the peope is now low coupled with the high exchange rate. Let's stop acting stupid out of tribal, religious or political sentiments. |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by GreatOchuks: 7:57am On Dec 15, 2023 |
Emma1Oj: Tinubu won , stop being sentimental , he won fair and square.. We told Obidients that you don't win a united house with a disunited one , they said they rather waste their votes and make a statement than to vote PDP . Now the statement has been made , make una no de lie on INEC head ,,, you only need to look at the crowds turning up for Jagaban's campaigns especially in the North , count the Governors with him and the big shots ,,, then you will know that to defeat him, everybody must team up but you people chose to form structure for a structureless party who couldn't afford ordinary polling agents in many polling units in the North ... Make una de deceive unaself , 2027 una go still repeat am , then when Tinubu win again, una go de cry Eye Neck . At times I wonder if people skipped maths class in school 2 Likes 1 Share |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by GreatOchuks: 8:03am On Dec 15, 2023 |
Afamed:Those with understanding know I wasn't talking about ShopRite but the Economy in general |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Afamed: 8:08am On Dec 15, 2023 |
GreatOchuks: So the economy only affects people in Kano/ Nigeria? |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Afamed: 8:10am On Dec 15, 2023 |
GreatOchuks:Stop wasting your time with those children |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Emma1Oj(m): 8:14am On Dec 15, 2023 |
GreatOchuks:Sentimental over pple who don't know or care if I exist? I'm not from the East or west. |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by aylipple: 8:16am On Dec 15, 2023 |
Gerrard59: There's what I would call "shopping" culture; it's prevalent in Lagos & Abuja that you mentioned but absent in some states. For instance, Market Square in Uyo, Akwa Ibom State (also known as Ibom Tropicana) may also face the same challenge in some few years to come if nothing drastic is done about the very poor shopping culture there; I know this because I used to run a multi-national retail business there. Most people who visit market square in Uyo come for sight-seeing & to take fancy photos. Outside Christmas, New Year, Easter & a few other public holidays where people troop in to the mall (don't forget that most of them only come to take photos or experience the escalator), any other day, the place has very very poor footfall. It's the same thing in Kano inspite of their very large population. Now, you may get some things in ShopRite cheaper than what you get in major markets in Abuja (don't know about Lagos as I rarely visit there or even know about their markets), but you see Kano? If ShopRite sells a particular item let's say for N100 in Abuja while Wuse or Utako or even Garki market sells same for let's say again, N85-N90, in Kano markets, that same item or a similar one (different brand) may be selling for N60-N75. You've major distributors in Kano's markets whose major concern is sales volume/faster turnover than actual profit making; some of them receive goods from the manufacturers to resell at distributorship price (if it normally takes 3 weeks for e.g to sell same goods in other places, they'd rather "crash" the price & sell off completely in a week, collect their "incentives" from the manufacturers, place another order & the cycle continues. It's a unique selling strategy common among some major distributors in Kano markets; this, I believe is a major factor that attracts many traders from neighboring countries to Kano to purchase goods. That's what I mean. I would love to go into many more instances of Kano's unique markets & their pricing structures but time won't permit me. Modified: the highlighted on your response? They don't come for shopping in ShopRite, they come for massive bulk purchases from the many large markets in Kano (Singer, Kantin-Kwori, Yankura, Rimi etc). 2 Likes 1 Share |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Manigie: 8:22am On Dec 15, 2023 |
Dreamhighnow:you see ehn, we mus vote am again come 2027.... Those miscreants must learn the hard way |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by AncientAlien(m): 9:09am On Dec 15, 2023 |
malali:You said it all well. You are patriotic. 👏🏾👏🏾 |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by excanny: 9:21am On Dec 15, 2023 |
And nothing concerns Balablu. |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by PlsStayAlive: 9:23am On Dec 15, 2023 |
aieromon:The one comment on this thread that actually made sense. This!!!!! 1 Like |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by PlsStayAlive: 9:31am On Dec 15, 2023 |
airsaylongcome:When I Rome bro. Be they multinational or mulmulti, adaption is one of the basic building blocks of a successful business franchise. The End. 1 Like |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Gerrard59(m): 9:34am On Dec 15, 2023 |
aylipple: I had to quote everything. Thanks for your perspective. Regarding the bold, the previous government leased the store to private investors. So Market Square is different from Ibom Tropicana as a whole. Just as ShopRite Ikeja is different from the ICM. At a point, the cinema there thrived on AKSG subsidy as very people patronised it except when major movies such as Wedding Party was released. So, I wonder why Market Square opened there. Maybe he is targeting when the state becomes more populous than when it entered the market. Using Port-harcourt's profits to sustain Uyo sort of. What is your opinion on De Choice Mall? |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Gerrard59(m): 9:37am On Dec 15, 2023 |
GreatOchuks: I warned them seven months before the election, but they mocked me. I had the last laugh and gloated at the ediots! The bloody clowns lost while united against Buhari in 2019, but believed they could win against Tinubu in 2023 while being divided. https://www.nairaland.com/7225545/why-peter-obi-step-down As for 2027, Tinubu isn't losing. Man is there till 2031. He is going nowhere! 1 Like 1 Share |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by lastkingsman: 10:13am On Dec 15, 2023 |
Gerrard59: CC: GreatOchuks Obidients are not your issue. The issue here is INEC and compromised govt institutions including police, army and so on. So you think if Obi had aligned with Atiku as you guys are saying that PDP would have won? Imagine this result: APC = 12.5m PDP = 11.4m (alliance with LP) How do you prove the authenticity of this result? This is why electronic transmission of results was introduced as law but INEC disregarded it and reverted to manual (manipulation) Tinubu simply bought the presidential election and Obi aligning with Atiku wouldn't have changed anything just like it didn't change in 2019. And it's also surprising that nobody calls G-5 governor for working against their party. At least the rigging Wike did for Tinubu in Rivers is mind boggling. If Atiku had aligned with Obi, how would that have stopped Wike from doing what he did? Na WA oh |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by lastkingsman: 10:20am On Dec 15, 2023 |
Gerrard59: Solar energy Initial cost of investment is too high. All pray that you don't lose it to theft |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by lastkingsman: 10:20am On Dec 15, 2023 |
Gerrard59: Solar energy Initial cost of investment is too high. Also pray that you don't lose it to theft |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by OVB123: 10:35am On Dec 15, 2023 |
Creamypie:All the flyovers in kano couldn't generate more jobs for the people of the state? Waste of public fund. 1 Like |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by OVB123: 10:46am On Dec 15, 2023 |
Thundafireseun:Yes! The real Shoprite left nigeria 2 years ago to south africa but sold his share to a Nigeria investor. It's the Nigeria investor that is now pulling out the outlet from Kano because of the unfavourable business environment in the state. 1 Like |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Regex: 11:19am On Dec 15, 2023 |
lastkingsman: People actually think like this. But the thing is one can actually start small and improve it as time goes on. |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by anozie33146: 11:20am On Dec 15, 2023 |
E don happenE don happen... |
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by aylipple: 11:32am On Dec 15, 2023 |
You're most likely right on MSQ using profit from their other locations to sustain their Uyo branch. You know, ShopRite were the initial anchor tenants in mind for the mall before they pulled out (likely after conducting due diligence & market survey) & MSQ came in; I still struggle to understand the business decision behind their choice of coming to Uyo. While they enjoy sales (profitablity is what I don't know), other business owners inside the mall are seriously struggling. As per De Choice, I think they've been able to maintain a firm grip on their market share; which still tracks back to my point earlier that most people who visit the mall go there for sight seeing more than shopping. It's also a "status" symbol/showoff kinda thing. Most of them would rather patronize De Choice, INELs or any other indigenously owned business for their basic shopping needs. Gerrard59: 1 Like |
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