afroxyz:

This theory only works in text books. In a country that is the poverty capital, you are selling at premium.

mariahAngel:

I like your guts.

Iamgrey5:


https://www.news24.com/fin24/Companies/shoprite-exits-nigeria-after-15-years-20200803

Solatium:



No one is telling you that a supermart will sell 100% local goods, Tesco ASDA sainsbury and Lidl sells products from other European countries.
But more of home grown products.
ShopRite don't pay for local goods up front,they provide a space for people to showcase their products and sell them,they allocate stand to manufacturers and collect money from them,they still collect rebate on Good's sold.
They only stand as a middle man between buyer and sellers,I repeat we don't need foreign supermarket,let us grow our own local content and keep our money here.

we all know cost of doing business in Nigeria is high,even at that they still make their money in multiple folds.
What MTN made in Nigeria as profits during lockdown triple's the gross of their earnings in SA.
Naija Is a market for anything and everything,capture Naija Market,you have the whole of Africa in your pocket

Luckydubby7:
. For jumia I have worked there I must tell you that jumia have been incurring loses since they started.

For Shoprite, I'm currently working with a company that supply all supermarket equipment from shelves to refrigerator to accessories. Competition is just too much. Everyone want to own a retail store.

007sledge:
I'm not sad about this, I see it as a opportunity for we Nigerians

Munzy14:

owu nwanne anyi na... We no deh fear talk.

explorer250:
lol buhari has finished this country, the average man can't even afford to eat properly. jobs are leaving this country.

GamalNasser:


Name one e commerce retailer that is doing well ..I hope you know even Jumia has not turned in single profit in NIGERIA ?...Online indeed you people are just living off free govt salary so you don't know what's happening

Fearlez:
no one is buying ShopRite, it will die. And the land will go back to the state governments. Kingsway once held sway in Nigeria. No one believed it would die. ShopRite is going same way .

Investnow2017:

Where are Leventis Superstores today. Gone and buried. People forget history easily.

NaMe4:


My brother, you just stated facts.

Going by comments on this topic, it's obvious a lot of Nigerians are oblivious of what it takes to run a successful business in Nigeria.

The spending power of the population is quite low, and has had a steady plunge in the last 5 years.

Unfriendly government policies do not help either.

Fearlez:
exactly.

Amuluonyenaego:
better, let's take over our land

Luckydubby7:
. For jumia I have worked there I must tell you that jumia have been incurring loses since they started.

For Shoprite, I'm currently working with a company that supply all supermarket equipment from shelves to refrigerator to accessories. Competition is just too much. Everyone want to own a retail store.

mariahAngel:

Okwaya? Anyi wu umu Joshua

chiron:


what you just wrote is the dumbest piece of crap I've ever seen.

We are losing Foreign Investors that will bring FDI (Foreign Direct Investment) into the country and boost the economy and help our failing Naira but you're are betching about local companies. Shoprite will import goods that has a shelf life of 3 months but because of our Corrupt Customs Service and the long waiting time the containers spend at the port before clearance, the goods will expire and spoil and then money, value and goods are lost.

Instead of talking about implementing Economic policies that will attract foreign investment you're jubilating that foreign Companies are leaving.

Lol like any local company will replicate Shoprite Retail Business.

Proctor and Gamble built a $300 million factory and closed it after a year because of stupid economic polices and a failing currencies.

But no jubilate because Uche, Tayo and Ahmed will start their company.

and fyi our purchasing power is shrinking so Nigeria is gradually becoming irrelevant in the business world.

Iamgrey5:
in marketing we have Market penetration and market skimmng strategies

They are opposite each other

Market penetration encourages low prices, high frequency of sales and low profit margins

Market skimming encourages high prices, low frequency of sales and high profit margins.


The major problem of Shoprite was that the low profit margin couldn't offset the overhead cost to break even.

The only solution is to try to skim the market for high income earners and sell products at premium prices.

007sledge:
I'm not sad about this, I see it as a opportunity for we Nigerians

Munzy14:

ka owu umu rochas?

mariahAngel:

Wurukwa nwa Rochas! Owudikwa mu na gi

frankyychiji:
With all the ease of doing business blab.
Another thing is competition, they never had it so bad in recent times.

Iamgrey5:
in marketing we have Market penetration and market skimmng strategies

They are opposite each other

Market penetration encourages low prices, high frequency of sales and low profit margins

Market skimming encourages high prices, low frequency of sales and high profit margins.


The major problem of Shoprite was that the low profit margin couldn't offset the overhead cost to break even.

The only solution is to try to skim the market for high income earners and sell products at premium prices.

Luckydubby7:
. For jumia I have worked there I must tell you that jumia have been incurring loses since they started.

For Shoprite, I'm currently working with a company that supply all supermarket equipment from shelves to refrigerator to accessories. Competition is just too much. Everyone want to own a retail store.

Luckydubby7:
. For jumia I have worked there I must tell you that jumia have been incurring loses since they started.

For Shoprite, I'm currently working with a company that supply all supermarket equipment from shelves to refrigerator to accessories. Competition is just too much. Everyone want to own a retail store.

tot:


Who needs your alignment?

Anyway, it is clear to anyone with eyes that there is a PROBLEM with the way this country is run. Ignore it all you want, it is there.