ShopRite Nigeria has debunked the story making the rounds that it intends to close shop in Nigeria.
Register for IELTS, GMAT, GRE, SAT and TOEFL classes
Build your professional business website, investment site, mobile app etc. today @ Olastep Networks
The Country Director for Chastex Consult, Ini Archibong, in a telephone conversation with Vanguard, said: “Shoprite is not leaving Nigeria.
- Buy more than 11,500 active emails addresses for your digital marketing...

“We have only just opened to Nigerian investors which we have also been talking to just before now. We are not leaving, who leaves over a $30billion invest and close shop? It doesn’t sound right.
“We only just given this opportunity to Nigeria investors to come in and also help drive our expansion plan in Nigeria. So we are not leaving.
“I have tried to say this as too many people as I can. There should be no panic at all and all of that. There is no truth in that report.”
Register for IELTS, GMAT, GRE, SAT and TOEFL classes
Build your professional business website, investment site, mobile app etc. today @ Olastep Networks
Recall that reports have been circulating that the retail outlet has started a formal process to consider the potential sale of all or a majority of stake in its supermarkets in Nigeria.
- Buy more than 11,500 active emails addresses for your digital marketing...

The report said the retailer had struggled in the Nigeria market after some South African owned retailer shops exited the Nigeria market.
The report further stated that Shoprite results for the year do not reflect any of their operations in Nigeria as it will be classified as a discontinued operation.
The report also said international markets excluding Nigeria contributed 11.6 per cent to the group sales and reported 1.4 per cent decline in sales from 2018.
Register for IELTS, GMAT, GRE, SAT and TOEFL classes
Build your professional business website, investment site, mobile app etc. today @ Olastep Networks
South African operations contributed 78 per cent of the overall sales and saw 8.7 per cent rise for the years.
- Buy more than 11,500 active emails addresses for your digital marketing...

The report went further to say that as a result of the lockdown, customers’ visits declined 7.4 per cent but the average basket spends increased by 18.4 per cent.
Comment: thank God
If they leave Nigeria now, a lot of workers would lose their jobs
Yesooooo
People will have to look for shops some were eals
But shop right is just d name of d Mol
Is well ooooo
Hmmm
Thanks for the update ooooo
Weldon cashflow
Business is really moving there
No country can patronize them more than Nigeria.
Cuz majority of us live fake life
Some will even went as far as borrowing wears to go to their mall to buy an 199# goods
Some will even went as far as borrowing wears to go to their mall
Only to get there to snap pics
and buy a good of just #100
and buy a good of just a hundred naira
Just to get a good not up to an hundred naira
Just to get a good not up to…
Cashflows hope all is well?
Cashflows allow me to paste my comments na
Why are most of my comments on moderation mode
Hmmmmm
We understand
You can’t leave
Even if you leave someone else will start the business
Thanks for sharing
Okay
Ciol
Hmmmmm
ShopRite
All is well
Thanks for the update
Okay
Interesting
How on this earth is it going to be possible
I mean it’s not going to work
Nice post
Hmm
It is well
Thanks for the update
Wawu
Better ooo
I was wondering at first
Am happy for that
They should not leave oo
Thanks for the update
Why
Okay
Wow