Nigeria online retail subsector climbs inches higher with the launch of Yudala online and offline stores. Designed to be the first composite retail outlet in the country, the promoters of Yudala are staking their vision to rev up both online retail where the likes of Jumia and Konga already hold sway and mortar and brick retailing where South African Shoprites rides as king.



Yudala has inked plans to open 512 shops across Nigeria in local government councils in the next three years. It will be creating 50,000 jobs as it expands its presence across the 36 states targeting Nigeria’s rising middle class with higher disposable incomes.



Led by the trio of Tunde Kehinde, one of the founding CEOs of Jumia Nigeria; Stanley Uzoechina, who is in charge of the retail arm; and Prince Nnamdi Ekeh, who is managing the online arm, Yudala is riding on the back of its hefty financial chest and technology backbone, to drive the new theme of composite retailing as it targets over half of Nigeria’s 174 million people.


http://itedgenews.com/wp/2015/07/28/yudala-opens-frontier-for-nigerias-composite-retailing/#

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