From Desmond Mgboh, Kano
Scores of workers in Kano State will soon be thrown into the labour market, as Shoprite, one of Nigeria’s leading retail stores, announced its exit from the state.
Saturday Sun gathered that the decision by the organisation to quit the Kano market might not be unconnected to unfavourable market dynamics. Popularly known as Ado Bayero mall, the arrival of Shoprite in the state was heralded with fanfare, as excited residents thronged to buy from them. But over the years, the company’s share of the retail market had continued to nosedive.
In a letter to its employees dated December 7, 2023 and entitled “Ado Bayero Mall Store closing announcement” the store said that it would be closing its doors on January 14, 2024. The announcement was signed by Hubertus Rick for Retail Supermarkets Nigeria Limited.
“This decision was not made lightly, as we understand the impact it may have on our employees and the community.
“However after careful evaluation of the financial situation of the store and the current business climate, we believe it is the best course of action for the long-term growth of our organization.
“We understand that this news may be difficult to digest, and we want to assure you that we are here to support you during this transitional period. Your well-being is our top priority, and we will do everything we can to assist you in finding new opportunities within our company.
“We encourage you to apply for any vacant positions in our existing stores across the country through the Human Resources department. Additionally, we will be opening new stores in the coming months, and you are welcome to apply for employment there as well” the statement said.