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Nairaland Forum / Nairaland / General / Business / Shoprite To Leave Nigeria After 15 Years - News24 (66484 Views)
Shoprite to shut down Abuja Branch On June 30 Due To Current Economic Realities / Shoprite To Cease Operation In Kano From January 14, 2024 / Is Harry Akande The Reason Shoprite Is Quitting Nigeria After Negating On Deals? (2) (3) (4)
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Re: Shoprite To Leave Nigeria After 15 Years - News24 by Nobody: 9:12am On Aug 03, 2020 |
GamalNasser: It is competition and not Buhari. Let me explain in a way I would to kids. If you have a very large store localized in one spot and I live 5 to 20km from that store, why would I travel that distance to that store and risk my life plus spend my money when I can get the same things from that big store from a much smaller store right around my house? What ShopRite should have done was to go digital but they were too myopic. Their market was mainly for those around their area of location and that was their doom. Today we have shopping malls everywhere which in many ways have split up shoprites market and taken it to their areas. ShopRite gave those businesses the ideas and innovation but they now improved upon it. Their lack of ingenuity and competition from others killed them not FG 11 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by fefenoble88: 9:12am On Aug 03, 2020 |
Or11:Sowore? lol so you can't start by yourself,or Sowore blood is green and yours is green. The last time I checked when Sowore was arrested you were busy watching bb9ja. Now you want him to start fighting for you again? Take time ooooo the man get family,start the revolution yourself we and Sowore go join you. 3 Likes 1 Share |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Luckydubby7(m): 9:12am On Aug 03, 2020 |
Toni19:. Just Google what jumia Nigeria is passing through you will see it. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by chloride6: 9:13am On Aug 03, 2020 |
Toni19: Jumia has NEVER made a profit and may likely never make a profit. Jumia's only hope is for Amazon to buy them.. 3 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by folarr(m): 9:13am On Aug 03, 2020 |
GamalNasser:The actual reason for the naira's devaluation was the tension between Saudi Arabia and Russia which caused the plummet of oil prices, which is Nigeria's main source of revenue. Get your facts right. 4 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by fefenoble88: 9:13am On Aug 03, 2020 |
Or11:Sowore? lol so you can't start by yourself,or Sowore blood is red and yours is green. The last time I checked when Sowore was arrested you were busy watching bb9ja. Now you want him to start fighting for you again? Take time ooooo the man get family,start the revolution yourself we and Sowore go join you. 2 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Solatium(m): 9:14am On Aug 03, 2020 |
Iamgrey5: Even in South Africa they belong to the 3rd tier after pick & pay and u-save. It's a shame that Nigeria with population of around 200million do not have a brand. I hope and pray a Nigerian money bag can see the opportunity 7 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Openbusiness4: 9:14am On Aug 03, 2020 |
Dey don use tax to kill dem.....useless govt in d nonsense 1 Like |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by bewla(m): 9:15am On Aug 03, 2020 |
aolawale025:senior level |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by tammie24: 9:15am On Aug 03, 2020 |
martineverest:what competition Where is the competition You get sense so? Tell me one competition 1 Like |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by folarr(m): 9:16am On Aug 03, 2020 |
post=92403330:My brother, I'm going to Shoprite now to buy the bread |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Perfecttouchade: 9:16am On Aug 03, 2020 |
Nigerians Dem una , u no hear, Dem talk an u no hear...when the time is right, my brother ehee Dem no dey tell e Person |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by DrMuzungu(m): 9:16am On Aug 03, 2020 |
Shoprite was always damn too expensive anyway. Sell it to chain such is SPAR, for example. For fvcks sake, one day in Shoprite in Victoria Island, I saw a mango being sold at N700 per piece (and that was while $1 was around N160, not now!), while the old grandma outside was selling it at N50 per piece. 3 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by martineverest(m): 9:16am On Aug 03, 2020 |
GamalNasser:do even even know the huge number of local megastores that are springing up in Nigeria , especially Lagos and are more innovative and cheaper than shoprites?...almost every area in Lagos got at least ShopRite equivalents 3 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Nobody: 9:16am On Aug 03, 2020 |
Where the citizens purchasing power are on the all time low, Most people aren't educated, there are racist's among us, no 24 hr electricity, no ease of doing business framework/ support whatsoever by the federal government and about 60% of the population is poor and u are working in the poverty capital of the world how do u expect to make profit and expand ! Nigeria is among the worst place for doing business! That's y many companies like Walmart, and others don't have strong hold on the Nigerian market, that's y we av to struggle to buy things we should ordinarily see in Nigeria abroad and pay huge taxes for shipping fees and not to talk of customs that would still tax u again at the wharf! 7 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by DeLaRue: 9:17am On Aug 03, 2020 |
nymphomaniac: Even SPAR, I'd be surprised if they are profitable. There aren't enough people with the disposable income to shop in these places regularly. Also, every neighborhood has a plethora of shops where people can get 80 - 90% of their shopping at a cheaper price and without needing to drive long distances. I'd be surprised if SPAR doesn't leave soon. 1 Like |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by ThatFairGuy1: 9:18am On Aug 03, 2020 |
Good. This is not indispensable, we can start this ourselves |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Zenithpeak(m): 9:18am On Aug 03, 2020 |
Arexit: Just the way South Africans broke into their contemporary African brothers establishments looted their shops, kill them and torch the remaining items. As bad as Nigerians are, the South Africans are extremely toxic and insensitive set of humans anywhere on the Africa continent. 5 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Nobody: 9:18am On Aug 03, 2020 |
tammie24: The competition is everywhere. From the mini malls in your neighbourhood to the mega shopping outlets that cover your local government. Those businesses split up shoprites business and took advantage of there lack of reach. Call it a gang up against ShopRite as Lilliputians. They collectively took down the giant. 6 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by dabeto: 9:20am On Aug 03, 2020 |
Nigeria has a huge population with weak and poor purchasing power. We steal and cause capital flight thereby shutting down businesses. 2 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by nymphomaniac(m): 9:21am On Aug 03, 2020 |
DeLaRue:very valid point raised. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Nobody: 9:23am On Aug 03, 2020 |
proeast:Shoprite should go home, market square full everywhere and others, we should thank them for creating something our youth perched on as penny to support life. 1 Like |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by frankyychiji(f): 9:23am On Aug 03, 2020 |
aybabz101:This is the whole truth. A forensic presentation of what's going on. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Angelfrost(m): 9:23am On Aug 03, 2020 |
No such thing as ease of doing business in this fast retrogressing nation... Nothing put in place to attract investors. Zero economic policies!!! I always knew Shoprite would depart soon... It was always going to be a matter of time. Never been a fan of most of them, but the employment opportunities they have created over the years have been unrivalled. Who takes their place??! What happens to the numerous employees??!... This is why it is a terrible thing to have dullards leading nations!!! 7 Likes 2 Shares |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Brushstrokes20: 9:24am On Aug 03, 2020 |
Anything the redundant coupist touches crumbles! |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Openbusiness4: 9:24am On Aug 03, 2020 |
Solatium:which opportunity? Anybody dat wana trow away moni is welcome to try. Do u tink is by mistake dat even d biggest retail giants like Walmart are avoiding Nigeria like a plague, despite d huge population? Is cuz ur govt is a business killer. Unless u belong in dia Cabal any neutral person making huge investment will go down d drain. C wot dey did to Gokada, Max an Oride. See wot d dey r doin to Uber n Taxify? Wot of Jumia an Konga? Dos guys are struggling to keep up an float. Dey are running on huge losses. But banks will always declare profit, an Dangote and co. Cuz dey belong and play d game wit d mafia running dis country 15 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by gratefulalways: 9:25am On Aug 03, 2020 |
Is there even a middle class in Nigeria. It's been long eroded. Such a shame. aybabz101: 4 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by GamalNasser: 9:26am On Aug 03, 2020 |
martineverest: Is it the like of Just rite , Ebeano and Blenco you are talking about? Trust me ShopRite is leaving because of bad Economy and not competition in anyway . The buying power of the Nigerian consumer is down by almost 60 percent , add the unstable naira to it and you will see why any international retail business like ShopRite will exist ... even your small local retailers you mentioned are feeling pinch. Or are you saying Buharis leadership is okay? 8 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by mmb(m): 9:26am On Aug 03, 2020 |
truthfulparrot:you see your life. 1980s was better than now. PMB should hurry up and send us back to good old days |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by KfashionHubb: 9:26am On Aug 03, 2020 |
Oloshos and Yahoo boys have turned ShopRite to their relaxation spots. Only very few people are actually buying 7 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by sexylassie2(f): 9:27am On Aug 03, 2020 |
Iamgrey5: Pls...stop writing rubbish...how many Nigerians can afford premium products. Increase revenue ko, increase revenue ni 1 Like |
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