On Monday, Shoprite Mall announced its intention to stop operations in one of its Abuja branches on June 30, 2024, News About Nigeria reports.
According to the popular mall, the branch is situated at Novare Central Mall in Wuse Zone 5.
The decision to close down was made public in a circular signed by the Chief Executive Officer, Dr. Folakemi Fadahunsi, on behalf of the retail supermarket on Monday.
In the circular, Fadahunsi revealed that the decision to close down was due to the store’s financial situation and the current business climate.
It also told all vendors who supply the store that their services would no longer be needed at the store.
The circular also revealed that the company would be reviewing its accounting records in the next 60 days to settle outstanding balances.
The circular partly reads, “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 organisation’s long-term growth. 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 (about 2 months). We will then promptly contact you to confirm the amount owed and discuss a suitable payment schedule.”
ShopRite, therefore, appreciated all their customers and all the vendors they have done business with in the past, noting that it was a pleasure working with them.
