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Nairaland Forum / Nairaland / General / Business / Shoprite To Leave Nigeria After 15 Years - News24 (66172 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 rummmy: 10:41am On Aug 03, 2020 |
Indigenous grocery shops can now upgrade in peace... Everyday supermarket, market square, NEXT,etc ...good luck to shop rite in their future endeavors. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Solatium(m): 10:45am On Aug 03, 2020 |
Openbusiness4: No one is telling you that a supermart will sell 100% local goods, Tesco ASDA sainsbury and Lidl sells products from other European countries. But more of home grown products. ShopRite don't pay for local goods up front,they provide a space for people to showcase their products and sell them,they allocate stand to manufacturers and collect money from them,they still collect rebate on Good's sold. They only stand as a middle man between buyer and sellers,I repeat we don't need foreign supermarket,let us grow our own local content and keep our money here. we all know cost of doing business in Nigeria is high,even at that they still make their money in multiple folds. What MTN made in Nigeria as profits during lockdown triple's the gross of their earnings in SA. Naija Is a market for anything and everything,capture Naija Market,you have the whole of Africa in your pocket 1 Like |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Nobody: 10:46am On Aug 03, 2020 |
.....as Usual from a Worthless Nation |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Luckydubby7(m): 10:46am On Aug 03, 2020 |
Thelucifer666:. For jumia I have worked there I must tell you that jumia have been incurring loses since they started. For Shoprite, I'm currently working with a company that supply all supermarket equipment from shelves to refrigerator to accessories. Competition is just too much. Everyone want to own a retail store. 5 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by NaMe4: 10:49am On Aug 03, 2020 |
SmartPolician: My brother, you just stated facts. Going by comments on this topic, it's obvious a lot of Nigerians are oblivious of what it takes to run a successful business in Nigeria. The spending power of the population is quite low, and has had a steady plunge in the last 5 years. Unfriendly government policies do not help either. 6 Likes 2 Shares |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by tot(f): 10:49am On Aug 03, 2020 |
Tetehjewels: Small profit, quick turn over how? Is it not when you have a profit you can be turning over quickly? Do you realise the impact of FX on their margins at all? This is not text book economics o. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by doeeyed: 10:52am On Aug 03, 2020 |
LadyExcellency: Please explain profit by turnover rather than per sale Thanks. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by BigBashiru: 10:54am On Aug 03, 2020 |
GamalNasser: The buying power of Nigerians have been affected by the greed of Nigerians - use covid-19 period as an example - nigerians increased prices of even face masks - Shoprite and spar being fairly priced items with a return policy compared to nigerian retailers - so its the nigerians themselves that are responsible for a poor currency valuation - nigeria can have a good currency valuation if the people wake up to their responsibilities as good citizens and stop waiting for Buhari to do everything for them. Is there poor police? Let the citizens create community policing - poor purchasing power? Let the citizens form pressure and lobby groups to work with the government. Nigerians hardly take personal responsibility for things - all they do is fasting and prayer and blaming the President - dont get me wrong prayer has its place and fasting but its not what got China to become a super power.... 2 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by litaninja(m): 10:55am On Aug 03, 2020 |
No you can't. Your country does not know how to add VALUE. post=92403330: |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by doeeyed: 10:56am On Aug 03, 2020 |
Luckydubby7: How is profit achieved... If articles are obtained legally and not smuggled in?? . |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Hopebringer: 11:02am On Aug 03, 2020 |
[s] post=92403330:[/s] Rubbish , clearly nothought was put into this nonsense 1 Like |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by tammie24: 11:03am On Aug 03, 2020 |
Luckydubby7:when you said 'use your head' I guess you were greeting me That is if you are the same person with the other monica Otherwise I didn't quote you You want to be an adult, get out of social media |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by doeeyed: 11:04am On Aug 03, 2020 |
BigBashiru: There's no demonstrable overarching business viewpoint. Selfishness has taken away that sense of collective responsibility or community.its the underlining principle behind senseless corruption. With no community-focused deep thinker, there's no recognised macro-economic voice ... But squeaks The occasional squeaks are treated as terrorists rather than major stakeholders. Question... Where are the heads of the chambers of business, leads of Directors Guilds, heads of Labour unions or other workers unions.. Once individual pockets are settled, the status quo continues. . |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by AntiWailer: 11:04am On Aug 03, 2020 |
Iamgrey5: So why didn't the thieves in Nigeria buy it to reduce the price. We never take responsibilities in this part of the world. Always blaming some one else. It can never be our fault. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Mariopgomery(m): 11:04am On Aug 03, 2020 |
post=92403330: You think this is progress? They left because the purchasing power of Nigeria is fast declining not any progress. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Nobody: 11:04am On Aug 03, 2020 |
I'm sure this is directly related to that recent xenophobic thingy wey happen last year 1 Like |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by pasol4real(m): 11:08am On Aug 03, 2020 |
Iamgrey5:Oga stop talking ignorantly,Chinese n Indian retail shops actually sell their items cheaper than shoprite Especially Indian shops |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Nobody: 11:09am On Aug 03, 2020 |
tot: This is why I said it is a loss to SA and not Nigeria. The vacuum their exit would create would quickly be replaced with others who understand the Dynamics of running a major shopping outlet and are willing to always make the customer king. ShopRite lost the plot and good riddance to them |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by kingbybirth: 11:10am On Aug 03, 2020 |
Chrisakuneme: if you don't know what to say just hit the freeway and never look back 1 Like |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by BigBashiru: 11:21am On Aug 03, 2020 |
doeeyed: anyway the point is blaming Buhari is not the answer - as for selfishness and corruption - the questions nigerians should ask themselves is why is it from 1960 (60 good years) to date its the same corruption story - maybe its a curse? |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by tot(f): 11:23am On Aug 03, 2020 |
Tetehjewels: You either are avoiding the key issues or clearly do not get it. No point continuing this conversation. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Jimbadly: 11:24am On Aug 03, 2020 |
Or11: You know you can start the revolution yourself and make a name for yourself instead of waiting for Sowore. 2 Likes
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Re: Shoprite To Leave Nigeria After 15 Years - News24 by foxxydude: 11:25am On Aug 03, 2020 |
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Re: Shoprite To Leave Nigeria After 15 Years - News24 by walexy06(m): 11:26am On Aug 03, 2020 |
Iamgrey5: "It would reduce customers but increase revenue" To the above; Please can you give economics explanation for this? It is confusing. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by sayisayi(m): 11:27am On Aug 03, 2020 |
Yes Go. So when the next xeno attacks occur, we go chop Indians instead |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by JB4life: 11:32am On Aug 03, 2020 |
They can as well leave now. No impact so far. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by zudozz: 11:38am On Aug 03, 2020 |
Woolworths been dey Nigeria? I never see them one day. |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Iamgrey5(m): 11:38am On Aug 03, 2020 |
walexy06:in marketing we have Market penetration and market skimmng strategies They are opposite each other Market penetration encourages low prices, high frequency of sales and low profit margins Market skimming encourages high prices, low frequency of sales and high profit margins. The major problem of Shoprite was that the low profit margin couldn't offset the overhead cost to break even. The only solution is to try to skim the market for high income earners and sell products at premium prices. 5 Likes |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by byinks(f): 11:41am On Aug 03, 2020 |
frankyychiji: Let's hope evil Amazon and google don't buy it 1 Like |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Netiz: 11:45am On Aug 03, 2020 |
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Re: Shoprite To Leave Nigeria After 15 Years - News24 by byinks(f): 11:52am On Aug 03, 2020 |
DeLaRue: Exactly Disposable income of the middle classes is plummeting . that's why they're leaving 1 Like |
Re: Shoprite To Leave Nigeria After 15 Years - News24 by Yinksy09(m): 11:53am On Aug 03, 2020 |
Hmm just months after Mr. Price announced plans close down business in Nigeria https://yinksmedia.com/mr-price-to-close-down-business-in-nigeria/ |
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