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Nairaland Forum / Nairaland / General / Business / Shoprite Puts Nigerian Expansion Plans On Ice (18010 Views)
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Shoprite Puts Nigerian Expansion Plans On Ice by BrandSpurNG: 6:43am On Oct 09, 2018 |
Having opened its 25th Nigerian store just a few months ago, Africa’s largest grocery retail chain has revealed that it will not be opening any more outlets in the country for the time being. According to Shoprite CEO Pieter Engelbrecht, “We had to impair four loss-making stores in Nigeria… we have slowed down in terms of our expansion until we get better clarity in terms of banned products and foreign exchange fluctuations.” He added that the chain’s Nigerian supermarkets were currently only carrying “half of our ranges because of the products banned.” The products affected by import bans include rice, flour and frozen meat. There are two main factors behind these restrictions on imports – a shortage of foreign currency and a desire to boost domestic food production. But with domestic production unable to meet demand, smuggling is flourishing and the prices of staple foods are rising, according to local media reports. SOURCE: https://brandspurng.com/shoprite-puts-nigerian-expansion-plans-on-ice/ 5 Likes 3 Shares |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by Nobody: 7:20am On Oct 09, 2018 |
Good news |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by RolyRoly: 7:20am On Oct 09, 2018 |
K |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by thinkdip(m): 7:21am On Oct 09, 2018 |
See the word, smuggling is flourishing. Can you save us from Buhari Oh Lord our God. We are tired of a king whose heart is hardened. Please Lord 31 Likes 2 Shares |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by Nobody: 7:21am On Oct 09, 2018 |
Theres more to this story than this banned products issue |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by surrogatesng: 7:21am On Oct 09, 2018 |
So the nigerian economy has failed them 5 Likes |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by Nobody: 7:21am On Oct 09, 2018 |
Anyone buying fruits and meats from shoprite get mind. Preservatives and I suspect most of their perishables are GMO. I still have my reservations about GMOs. 29 Likes 4 Shares |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by 12345baba(m): 7:22am On Oct 09, 2018 |
Make them pack go |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by berbs: 7:22am On Oct 09, 2018 |
Hmm.... Nawaya |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by inferno82(m): 7:23am On Oct 09, 2018 |
Hmmm |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by regirich(m): 7:24am On Oct 09, 2018 |
If this news will contribute to sending that daura man back to daura, then it's a good news. 7 Likes |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by Nobody: 7:25am On Oct 09, 2018 |
surrogatesng:It's not that hard to comprehend what was posted up there na. 12 Likes 1 Share |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by crafteck(m): 7:25am On Oct 09, 2018 |
thinkdip: It flourished long before buhari 4 Likes |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by GeorgeTheCoder: 7:27am On Oct 09, 2018 |
Instead of the Whitewalker in aso rock to turn his people's energy towards producing meat to meet ShopRite demand, he prefers to support them in their quest to exterminate the people of the middle belt. Nigeria is always missing out on opportunity. Send the bagga back to Daura. 11 Likes |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by Gaddafiyusf(m): 7:27am On Oct 09, 2018 |
Giovanni2332: Olodo.lesser job for the jobless citizens |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by BizLifeE: 7:28am On Oct 09, 2018 |
There could be business reason for that. Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by bigpicture001: 7:30am On Oct 09, 2018 |
good news! |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by RZArecta2(m): 7:30am On Oct 09, 2018 |
Buhari has destroyed Nigeria CHAI !!! But we shall Atikulate come 2019 4 Likes 1 Share |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by BedLam: 7:31am On Oct 09, 2018 |
crafteck:But he has done nothing to salve the situation. Do you know how rich and resourceful the fulanis would be if they were really business savvy and educated? BUHARI being a champion, if he was someone that loves education and enlightenment, the fulanis would tow his path. 3 Likes |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by Nobody: 7:32am On Oct 09, 2018 |
Nigerian company should replace them. |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by BedLam: 7:33am On Oct 09, 2018 |
GeorgeTheCoder:in fact these people would have been the richest! Imagine what producing meat and milk would bring for the nation. 1 Like |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by oyetunder(m): 7:34am On Oct 09, 2018 |
Nigerians.... We even waited for others to come and open stores for us...only for our slay queens to be going to such place for selfies-especially the one in Ikeja. 5 Likes |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by sureteeboy(m): 7:34am On Oct 09, 2018 |
RZArecta2:Who is "we". Speak for yourself Bro. Nigerians will keep recycling old leaders and expect different results 3 Likes
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Re: Shoprite Puts Nigerian Expansion Plans On Ice by wink2015(m): 7:37am On Oct 09, 2018 |
BrandSpurNG: Shoprite is one of the best thing to happen to shoppers in Nigeria as it saves us from fake products often sold in the traditional Nigerian market. 5 Likes |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by adioolayi(m): 7:39am On Oct 09, 2018 |
kennygee:There is no solution to food security....GMO is the answer! I don't know what your concerns are, but look at the developed countries of the world...can USA, for example, satisfy her population food needs without GMO The answer is NO. Nigeria should embrace GMO...Biotechnology at large 2 Likes 1 Share |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by yomalex(m): 7:41am On Oct 09, 2018 |
But FoodCo is expanding |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by Nobody: 7:44am On Oct 09, 2018 |
Whenever I consider how shoprite seems to monopolize the Nigerian mega store department and how we go crazy for shoprite, I understand how we're light years behind the west. Every locale has a mega store which sometimes are bigger than shoprite, and they're thriving well. Ironically, we are more populous than they are. 1 Like 1 Share |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by femijay8271(m): 7:47am On Oct 09, 2018 |
SHOPRITE PE-LEE!!! |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by Xano(m): 7:53am On Oct 09, 2018 |
Good. Nigerian economy has not been robust, it's frigile; policies by this administration has not been investor-friendly. Business is about making profit and progress. |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by hisgrace090: 7:55am On Oct 09, 2018 |
OkaNaUbe: Soon all Nigerian company abroad both cement,telecomm, banks etc abroad will be replaced by the indegines. Arthor eze oranto oil will equally be affected do to your selfishness. |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by laurel03(m): 7:59am On Oct 09, 2018 |
I don't know what special about shoprite... most of them are using for money laundering... uncountable stores in Nigeria sell better price and quality products than shoprite |
Re: Shoprite Puts Nigerian Expansion Plans On Ice by harley88(m): 8:00am On Oct 09, 2018 |
By the comments I have read above, it is obvious that most people on this forum are very dull. So bcoz a foreign owned supermarket complains about lack of goods which have been banned in your country so as to boost local productions.. you are all here bashing your president. I pray sense falls on y'all. Senseless youths. 4 Likes |
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