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Shoprite To Cease Operation In Kano From January 14, 2024 - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Shoprite To Cease Operation In Kano From January 14, 2024 (30350 Views)

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Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Dpharisee: 9:51pm On Dec 14, 2023
Roni oo, IPOB is sabotaging Jagaban govt by asking companies to close due to economic instability. grin

3 Likes

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by RomanGreen: 9:51pm On Dec 14, 2023
For each closure comes with job losses and jon losses throws families into penury. Tinubu and his praise singers how market?

All of you that supported this senseless govt will have sense by force

3 Likes

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Theunbothered: 9:51pm On Dec 14, 2023
kollog:
How many companies will have to close down in Nigeria before the people in the helm of affairs realised that their Economy Policies are not favourable to alot of organizations.

They don't care, Nigerians are a colonised people, when they are done looting and destroying every institution in Nigeria they will sell its corpse to China and run off to Europe with their stolen funds.

4 Likes

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by NinjaMetahuman: 9:51pm On Dec 14, 2023
campbelljosh:
Na small small closure till e reach the whole country. 9ja don cast
I guess you didn't read the part where they said, they are opening more outlets in other places.

5 Likes 1 Share

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by D4gmail1: 9:51pm On Dec 14, 2023
This is really getting out of hand. The government needs to look into this.
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by westlius(m): 9:51pm On Dec 14, 2023
I seriously need to japa oo
Even if its Rwanda
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Hassan52(m): 9:52pm On Dec 14, 2023
Creamypie:
Ah. Money no dey kano again?

LOL πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚ E shock me too
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by EJEHSON(m): 9:52pm On Dec 14, 2023
Kano
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Theunbothered: 9:52pm On Dec 14, 2023
airsaylongcome:


It's obviously low demand. Plus possibly inability to sell alcohol

Low demand caused by a lack of cash inflow to the country. We haven't even factored operating costs, there is no point even trying to establish a large scale business here anymore.

2 Likes

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by oluwaseyi0: 9:52pm On Dec 14, 2023
North is the least lucrative part of the country to run a business

2 Likes

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Ogene001: 9:52pm On Dec 14, 2023
Haha, no middle class. Few thieving elite can't sustain business in this economic hardship. The strongest middle class population are in the SE
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by hammerFC: 9:52pm On Dec 14, 2023
BIAFRA LOADING...



THEY MISSED OBI OPPORTUNITY.
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by NaijaCover(m): 9:52pm On Dec 14, 2023
Hmmmmmm
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by VeeVeeMyLuv(m): 9:53pm On Dec 14, 2023
aieromon:
The business model is not profitable in Kano. They should ask Sahad stores.
The wicked destruction of purchasing power
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Nackzy: 9:56pm On Dec 14, 2023
Muslims
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Nathan2016: 9:56pm On Dec 14, 2023
The hand righting are on the wall but only few is seeing it. The economy is collapsing and if you can’t see it, then you are blind. The people that should remove their Agbada and get it to work are busy lavishing borrowed money. One minister wants to allocated 1billion for some Switzerland travel. Another billions was allocated to COP aka Dubai flexing.
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by ufotunang: 9:58pm On Dec 14, 2023
See what APC and Tinubu has caused
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by ufotunang: 9:58pm On Dec 14, 2023
Renewed hope to renewed shege πŸ™„
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by nedekid: 9:59pm On Dec 14, 2023
malali:
Capital flight

There is no business that can survive selling anything imported

Reason $1= 1200naira
The goods are now too expensive
Nigerians have very low purchasing power
These shops cannot make profit servicing only the few rich people in the country.
They are better off in a country with a buoyant middle class......

More shops will be closed, more foreign companies will leave as well.

Please Stop singing that song "Bola on your mandate"......You make the whole government look like a circus
It is now to make do with the basics, ie cassava, ewa, beans and dodooo..

4 Likes 1 Share

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by ufotunang: 10:00pm On Dec 14, 2023
Nigerians should had still continue with PDP.... PDP time was not as bad like this.. nawaoooo

1 Like

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by aieromon(m): 10:00pm On Dec 14, 2023
airsaylongcome:


It's obviously low demand. Plus possibly inability to sell alcohol

Sahad Stores doesn't sell alcohol.
Grand Square doesn't sell alcohol.
WellCare launched their services without alcohol sales.

This has nothing to do with low demand. They couldn't compete because of the type of business strategy they implemented.

3 Likes

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Valuepaints20(m): 10:01pm On Dec 14, 2023
Ok
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Rejouir: 10:02pm On Dec 14, 2023
High cost of Logistics have finish this one. The yoruba man who bought the Nigerian franchise will be wondering what kind of hectic and bad investment have i gotten myself into. grin.

5 Likes 1 Share

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by ufotunang: 10:04pm On Dec 14, 2023
See what Tinubu bad economy has caused
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by seborrhic: 10:05pm On Dec 14, 2023
Unless you are into politics,yahoo yahoo or other corrupt or criminal acts that fetches money,the fuel price increase and naira devaluation were killers.
Imagine using majority of your income to buy diesel or fuel

7 Likes 2 Shares

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by Metrofox(m): 10:05pm On Dec 14, 2023
grin and some abokis wey talking thrash on my comment the other day
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by ufotunang: 10:06pm On Dec 14, 2023
With the way the economy is bad to do bussiness in this bad economy is not easy... federal government provide a conducive environment for bussinesses, companies industries to thrive

1 Like 1 Share

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by DangoteIvy: 10:06pm On Dec 14, 2023
malali:
Capital flight

There is no business that can survive selling anything imported

Reason $1= 1200naira
The goods are now too expensive
Nigerians have very low purchasing power
These shops cannot make profit servicing only the few rich people in the country.
They are better off in a country with a buoyant middle class......

More shops will be closed, more foreign companies will leave as well.

Please Stop singing that song "Bola on your mandate"......You make the whole government look like a circus
cool
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by DangoteIvy: 10:07pm On Dec 14, 2023
Rejouir:
High cost of Logistics have finish this one. The yoruba man who bought the Nigerian franchise will be wondering what kind of hectic and bad investment have i gotten myself into. grin.
cool
Re: Shoprite To Cease Operation In Kano From January 14, 2024 by GUNITGuy: 10:07pm On Dec 14, 2023
Dreamhighnow:
Tooor


E go favour u and your family

I will personally vote tinubu next election. Sebi u na no wan get sense

The most annoying part is that a lot of people who can barely feed themselves are the ones shouting jagaban up and down.

One called me recently and saying that Baba really disappointed them. That he doesn't know e be baba buruku. I was like I tried to convince u during election but una dey abuse me

Anyway make una dey enjoy una renewed shege.
What's really going on never thought it would get to this point..

1 Like

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by honor4me: 10:08pm On Dec 14, 2023
Dreamhighnow:
Tooor


E go favour u and your family

I will personally vote tinubu next election. Sebi u na no wan get sense

The most annoying part is that a lot of people who can barely feed themselves are the ones shouting jagaban up and down.

One called me recently and saying that Baba really disappointed them. That he doesn't know e be baba buruku. I was like I tried to convince u during election but una dey abuse me

Anyway make una dey enjoy una renewed shege.
We know you didn’t vote for him. We who voted for will still vote for him even today. We continue to wonder what your hero could have done differently. Sio!!!

1 Like

Re: Shoprite To Cease Operation In Kano From January 14, 2024 by ufotunang: 10:09pm On Dec 14, 2023
That is why nigerians desperately needed Peter obi. so that he would had made the economy to be good and better and provide a conducive environment for bussinesses companies industries to thrive

5 Likes

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