SSFeedsNigeria:


Lol, when ShopRite opened in Kano, several years ago, it was celebrated as positive signs that Kano was emerging as economically prosperous region. ShopRite closes, you find another excuse that it was a bad idea from beginning.

You people always find excuses to hide misery.

Are you taking serious people that said GSK,Sanofi,P&G can't compete that's why they left ?

SSFeedsNigeria:
I pity Igbo investors still operating in the North. Any smart investor should divest now from their North, especially if it's production or service based and run skeletal operations there, otherwise they would become bankrupt in no distant time.

it obvious you don't know the north.

WithX:

Likewise other business still surviving the same kano. No one is in business for charity.



But other businesses such as Sahad stores are also affected by the bolded yet they are still waxing stronger and opening new stores around Kano. Even after being faced with same economic realities others were able to still sell at reasonable price less or close to general market price. A new store is even opening right opposite where shoprite is located which incidentally is besides Sahad Store, that should tell you the business is thriving.



There are still thousands of investors thriving on the large market size opportunity presented to them, as i said earlier, its just about the business strategy. Knowing what works for the local market and adopting same to survive.



If you had say purchasing power is low going by current economics realities i will agree with you 100% but North economy dying, NO

What was the poverty rate in the North before subsidy removal? North was already poverty capital of the world then. You can now imagine what the situation will be at the moment.

In an environment where over 90% are in multidimensional poverty, how do you expect high-end retail shops like ShopRite to survive?

Ask yourself would ShopRite close in Lagos, Abuja, P.H, Enugu, Onitsha or other Southern cities with significant middle class?

Continue finding excuses to cover a festering rot, but no one is deceived.

SSFeedsNigeria:


What was the poverty rate in the North before subsidy removal? North was already poverty capital of the world then. You can now imagine what the situation will be at the moment.

In an environment where over 90% are in multidimensional poverty, how do you expect high-end retail shops like ShopRite to survive?

Ask yourself would ShopRite close in Lagos, Abuja, P.H, Enugu, Onitsha or other Southern cities with significant middle class?

Continue finding excuses to cover a festering rot, but no one is deceived.

Why trying to change the goal post. The fuel subsidy removal as well as the high inflation rate are not specific to the North, it is a general phenomenon.

And again I must ask, what is so special about Shoprite?
is Shoprite not offering same service as Sahad store (and other stores) opposite it here in Kano. and till tomorrow still have thousands of those you referred to at the bolded still trooping in and out on a daily basis.

In business what matter is your strategy, no one cares about your multinationalism especially for groceries. Shoprite Kano changed their business strategy along the line and other stores capitalize on it, thus they fizzle out and can no longer compete.

Ikaeniyan0:
Bitter IPOBdient

It is the simple truth he told you in that write-up. The north is not viable for multinational businesses.

WithX:



Why trying to change the goal post. The fuel subsidy removal as well as the high inflation rate are not specific to the North, it is a general phenomenon.

And again I must ask, what is so special about Shoprite?
is Shoprite not offering same service as Sahad store (and other stores) opposite it here in Kano. and till tomorrow still have thousands of those you referred to at the bolded still trooping in and out on a daily basis.

In business what matter is your strategy, no one cares about your multinationalism especially for groceries. Shoprite Kano changed their business strategy along the line and other stores capitalize on it, thus they fizzle out and can no longer compete.

The North has gone bellyup but you're free to deceive yourself.