‘Why owners shut down Abuja Shoprite’

The Shoprite Mall located in Wuse area of the Federal Capital Territory (FCT), Abuja has announced its decision to close operations from June 30, 2024.

A circular issued by Dr Folakemi Fadahunsi, the chief executive officer, on behalf of the retail supermarket stated that the decision was made after a thorough evaluation of the “store’s financial situation and the business climate,” birthed by the economic situation in the country.

The circular 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 organization’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.”