malali:
Capital flight

[b]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.

Your Trade minister also has no clue what she is doing, you need someone who is tested and trusted, you can re-allocate her to another ministry, but get a trade minister thats ready on day one.

The senate should also start inviting all these ministers and questioning them on what are the measures they are taking to alleviate the sufferings of Nigerians. Tinubu should send another ministerial list to senate for clearance at least 2 for each potential ministry, so that the current ones can sit up and know that they are replaceable(Call them reserve bench ministers). We dont have to go through 4 years to know a non-performing minister !!!

Also, that mistaken identity bombing, No country should bomb its own citizens, In a civilized country thats
1-Grounds for impeaching the president. (You are the commander in chief, you swore an oath to serve and protect Nigerians).
2-The Army officer in-charge should have submitted his resignation honorably.
3-There should have been a ruthless senate hearing , where the army should have been cut to size and held accountable, killing Nigerian citizens mistaken for terrorists is high up there as treason in a country thats not at war ?? Even Ukraine,Russia,Hamas and Isreal are not killing their own citizens by mistake.

Sweeping this under the carpet shows weakness from a Commander in Chief.

Please Stop singing that song "Bola on your mandate"......You make the whole government look like a circus. It only makes the Commander in chief look like the Commander in Clowns[/b]

You have made very valid points and you are full of wisdom. Even you will perform better than majority of the people the druglord appointed as minister.
Nigeria is sinking daily and some miscreants even here are still driving this useless government to his grave. Just wait for one zombie to respond to the things you have with stated with "you are ipob Tinubu is the best thing to happen to Nigeria". It's a pity sharing this country with brainless zombies.

Beuberry:
Blame Rashduct4luv

Business a competition!
The survival of the fittest!

if a small store like Shoprite ceases to operate in a so-called big economy like Nigeria, there really must be an economic problem because this store is never closes here in SA, it's a bottom-tier store for the poor, working class

aieromon:


Stocking the same brand of products per store regardless of customer expectations and business/cultural environment.

For example, Shoprite Kano does not stock Arabian perfumes while Sahad has a dedicated section for perfumes from the Middle East.

That is wrong, then. Dem no try. The south is westernised, the north is middle-eastern. Adapt or die.

Dem don die. Thanks for the other article.

The competition is the major reason why ShopRite left Kano. There are many big outlets in Kano, that you can not just put a higher price on your goods

This is indeed sad , I visited that Mall during my time in Kano years back ,, it's always filled with people especially during festive periods ..

If Shoprite can afford to shut down and leave Kano which is one of the most populous cities in Nigeria,, then it's safe to fear that they will later shut down their shops in other cities one by one .


I always said that Nigeria went backwards 50 years the day Buhari found his way into Aso rock as the President, to make things Worse , we allowed the one that is worst than him enter after him ....

ufotunang:
Nigerians should had still continue with PDP.... PDP time was not as bad like this.. nawaoooo

Real reason I supported Atiku and PDP during the last Elections ,,, we need to first find a way to go backwards to their era before thinking of going forward ...

TOPCRUISE:
Those that are saying it will favour them and their family will be happy that this news will not favour others

Travel is part of experience.

Before ShopRite came to Kano, there are bigger shopping outlets in Kano.

The sole reason ShopRite left Kano is as a result of stiff competitions.
There are too many shopping centres in Kano with lower price range compare to ShopRite.
Kano is not Aba or Enugu or Anambra.
Too many big shopping options in kano

GreatOchuks:


Real reason I supported Atiku and PDP during the last Elections ,,, we need to first find a way to go backwards to their era before thinking of going forward ...

So Atiku could have stopped them from moving out of Kano?
Speak truth to yourself even if na once in a year

Even in Adamawa where Atiku came from, they don't have ShopRite there

Afamed:


Travel is part of experience.

Before ShopRite came to Kano, there are bigger shopping outlets in Kano.

The sole reason ShopRite left Kano is as a result of stiff competitions.
There are too many shopping centres in Kano with lower price range compare to ShopRite.
Kano is not Aba or Enugu or Anambra.
Too many big shopping options in kano

Pls stop fooling yourself. Shoprite has been in Kano for over eight years. Where they not facing competition then?

The truth remains that the purchasing power of the peope is now low coupled with the high exchange rate. Let's stop acting stupid out of tribal, religious or political sentiments.

Emma1Oj:
Tinubu didn't win. He was rigged in by inec chairman and some govnors who up turn the vote of their state.

Tinubu won , stop being sentimental , he won fair and square..

We told Obidients that you don't win a united house with a disunited one , they said they rather waste their votes and make a statement than to vote PDP .

Now the statement has been made , make una no de lie on INEC head ,,, you only need to look at the crowds turning up for Jagaban's campaigns especially in the North , count the Governors with him and the big shots ,,, then you will know that to defeat him, everybody must team up but you people chose to form structure for a structureless party who couldn't afford ordinary polling agents in many polling units in the North ...

Make una de deceive unaself , 2027 una go still repeat am , then when Tinubu win again, una go de cry Eye Neck .

At times I wonder if people skipped maths class in school

Afamed:


So Atiku could have stopped them from moving out of Kano?
Speak truth to yourself even if na once in a year

Even in Adamawa where Atiku came from, they don't have ShopRite there

Those with understanding know I wasn't talking about ShopRite but the Economy in general

GreatOchuks:

Those with understanding know I wasn't talking about ShopRite but the Economy in general

So the economy only affects people in Kano/ Nigeria?

GreatOchuks:


Tinubu won , stop being sentimental , he won fair and square..

We told Obidients that you don't win a united house with a disunited one , they said they rather waste their votes and make a statement than to vote PDP .

Now the statement has been made , make una no de lie on INEC head ,,, you only need to look at the crowds turning up for Jagaban's campaigns especially in the North , count the Governors with him and the big shots ,,, then you will know that to defeat him, everybody must team up but you people chose to form structure for a structureless party who couldn't afford ordinary polling agents in many polling units in the North ...

Make una de deceive unaself , 2027 una go still repeat am , then when Tinubu win again, una go de cry Eye Neck .

At times I wonder if people skipped maths class in school

Stop wasting your time with those children

GreatOchuks:


Tinubu won , stop being sentimental , he won fair and square..

We told Obidients that you don't win a united house with a disunited one , they said they rather waste their votes and make a statement than to vote PDP .

Now the statement has been made , make una no de lie on INEC head ,,, you only need to look at the crowds turning up for Jagaban's campaigns especially in the North , count the Governors with him and the big shots ,,, then you will know that to defeat him, everybody must team up but you people chose to form structure for a structureless party who couldn't afford ordinary polling agents in many polling units in the North ...

Make una de deceive unaself , 2027 una go still repeat am , then when Tinubu win again, una go de cry Eye Neck .

At times I wonder if people skipped maths class in school

Sentimental over pple who don't know or care if I exist? I'm not from the East or west.

Gerrard59:


So, how come ShopRite thrives in Abuja and Lagos? I want to assume the one at Ikeja City Mall is the most successful and profitable store. Are residents in Lagos & Abuja not patronising local markets again? You will want to mention population, but remember, you said people from Niger and Chad enter Kano for shopping. Plus it is Northern Nigeria's most populous state.

There's what I would call "shopping" culture; it's prevalent in Lagos & Abuja that you mentioned but absent in some states.

For instance, Market Square in Uyo, Akwa Ibom State (also known as Ibom Tropicana) may also face the same challenge in some few years to come if nothing drastic is done about the very poor shopping culture there; I know this because I used to run a multi-national retail business there. Most people who visit market square in Uyo come for sight-seeing & to take fancy photos. Outside Christmas, New Year, Easter & a few other public holidays where people troop in to the mall (don't forget that most of them only come to take photos or experience the escalator), any other day, the place has very very poor footfall.

It's the same thing in Kano inspite of their very large population. Now, you may get some things in ShopRite cheaper than what you get in major markets in Abuja (don't know about Lagos as I rarely visit there or even know about their markets), but you see Kano? If ShopRite sells a particular item let's say for N100 in Abuja while Wuse or Utako or even Garki market sells same for let's say again, N85-N90, in Kano markets, that same item or a similar one (different brand) may be selling for N60-N75.

You've major distributors in Kano's markets whose major concern is sales volume/faster turnover than actual profit making; some of them receive goods from the manufacturers to resell at distributorship price (if it normally takes 3 weeks for e.g to sell same goods in other places, they'd rather "crash" the price & sell off completely in a week, collect their "incentives" from the manufacturers, place another order & the cycle continues. It's a unique selling strategy common among some major distributors in Kano markets; this, I believe is a major factor that attracts many traders from neighboring countries to Kano to purchase goods.

That's what I mean. I would love to go into many more instances of Kano's unique markets & their pricing structures but time won't permit me.

Modified: the highlighted on your response? They don't come for shopping in ShopRite, they come for massive bulk purchases from the many large markets in Kano (Singer, Kantin-Kwori, Yankura, Rimi etc).

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.

you see ehn, we mus vote am again come 2027.... Those miscreants must learn the hard way

malali:
Capital flight

[b]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.

Your Trade minister also has no clue what she is doing, you need someone who is tested and trusted, you can re-allocate her to another ministry, but get a trade minister thats ready on day one.

The senate should also start inviting all these ministers and questioning them on what are the measures they are taking to alleviate the sufferings of Nigerians. Tinubu should send another ministerial list to senate for clearance at least 2 for each potential ministry, so that the current ones can sit up and know that they are replaceable(Call them reserve bench ministers). We dont have to go through 4 years to know a non-performing minister !!!

Also, that mistaken identity bombing, No country should bomb its own citizens, In a civilized country thats
1-Grounds for impeaching the president. (You are the commander in chief, you swore an oath to serve and protect Nigerians).
2-The Army officer in-charge should have submitted his resignation honorably.
3-There should have been a ruthless senate hearing , where the army should have been cut to size and held accountable, killing Nigerian citizens mistaken for terrorists is high up there as treason in a country thats not at war ?? Even Ukraine,Russia,Hamas and Isreal are not killing their own citizens by mistake.

Sweeping this under the carpet shows weakness from a Commander in Chief.

Please Stop singing that song "Bola on your mandate"......You make the whole government look like a circus. It only makes the Commander in chief look like the Commander in Clowns[/b]

You said it all well. You are patriotic. 👏🏾👏🏾

And nothing concerns Balablu.

aieromon:
Shoprite business model is not sustainable in Kano. They should have studied the Sahad stores template.

The one comment on this thread that actually made sense. This!!!!!

airsaylongcome:


You have mentioned locally owned stores with different ownership and operating overheads. It's like saying because Seplat can produce oil from barely productive oil well then Shell or Chevron should. Shoprite is a bigger multinational brand compared to Sahad or Grand Square.

When I Rome bro. Be they multinational or mulmulti, adaption is one of the basic building blocks of a successful business franchise. The End.

aylipple:


There's what I would call "shopping" culture; it's prevalent in Lagos & Abuja that you mentioned but absent in some states.

For instance, Market Square in Uyo, Akwa Ibom State (also known as Ibom Tropicana) may also face the same challenge in some few years to come if nothing drastic is done about the very poor shopping culture there; I know this because I used to run a multi-national retail business there. Most people who visit market square in Uyo come for sight-seeing & to take fancy photos. Outside Christmas, New Year, Easter & a few other public holidays where people troop in to the mall (don't forget that most of them only come to take photos or experience the escalator), any other day, the place has very very poor footfall.

It's the same thing in Kano inspite of their very large population. Now, you may get some things in ShopRite cheaper than what you get in major markets in Abuja (don't know about Lagos as I rarely visit there or even know about their markets), but you see Kano? If ShopRite sells a particular item let's say for N100 in Abuja while Wuse or Utako or even Garki market sells same for let's say again, N85-N90, in Kano markets, that same item or a similar one (different brand) may be selling for N60-N75.

You've major distributors in Kano's markets whose major concern is sales volume/faster turnover than actual profit making; some of them receive goods from the manufacturers to resell at distributorship price (if it normally takes 3 weeks for e.g to sell same goods in other places, they'd rather "crash" the price & sell off completely in a week, collect their "incentives" from the manufacturers, place another order & the cycle continues. It's a unique selling strategy common among some major distributors in Kano markets; this, I believe is a major factor that attracts many traders from neighboring countries to Kano to purchase goods.

That's what I mean. I would love to go into many more instances of Kano's unique markets & their pricing structures but time won't permit me.

Modified: the highlighted on your response? They don't come for shopping in ShopRite, they come for massive bulk purchases from the many large markets in Kano (Singer, Kantin-Kwori, Yankura, Rimi etc).

I had to quote everything. Thanks for your perspective.

Regarding the bold, the previous government leased the store to private investors. So Market Square is different from Ibom Tropicana as a whole. Just as ShopRite Ikeja is different from the ICM. At a point, the cinema there thrived on AKSG subsidy as very people patronised it except when major movies such as Wedding Party was released. So, I wonder why Market Square opened there. Maybe he is targeting when the state becomes more populous than when it entered the market. Using Port-harcourt's profits to sustain Uyo sort of. What is your opinion on De Choice Mall?

GreatOchuks:


Tinubu won , stop being sentimental , he won fair and square..

We told Obidients that you don't win a united house with a disunited one , they said they rather waste their votes and make a statement than to vote PDP .

Now the statement has been made , make una no de lie on INEC head ,,, you only need to look at the crowds turning up for Jagaban's campaigns especially in the North , count the Governors with him and the big shots ,,, then you will know that to defeat him, everybody must team up but you people chose to form structure for a structureless party who couldn't afford ordinary polling agents in many polling units in the North ...

Make una de deceive unaself , 2027 una go still repeat am , then when Tinubu win again, una go de cry Eye Neck .

At times I wonder if people skipped maths class in school

I warned them seven months before the election, but they mocked me. I had the last laugh and gloated at the ediots! The bloody clowns lost while united against Buhari in 2019, but believed they could win against Tinubu in 2023 while being divided.

https://www.nairaland.com/7225545/why-peter-obi-step-down

As for 2027, Tinubu isn't losing. Man is there till 2031. He is going nowhere!

Gerrard59:


I warned them seven months before the election, but they mocked me. I had the last laugh and gloated at the ediots! The bloody clowns lost while united against Buhari in 2019, but believed they could win against Tinubu in 2023 while being divided.

https://www.nairaland.com/7225545/why-peter-obi-step-down

As for 2027, Tinubu isn't losing. Man is there till 2031. He is going nowhere!

CC: GreatOchuks

Obidients are not your issue. The issue here is INEC and compromised govt institutions including police, army and so on.

So you think if Obi had aligned with Atiku as you guys are saying that PDP would have won?

Imagine this result:

APC = 12.5m
PDP = 11.4m (alliance with LP)

How do you prove the authenticity of this result?

This is why electronic transmission of results was introduced as law but INEC disregarded it and reverted to manual (manipulation)

Tinubu simply bought the presidential election and Obi aligning with Atiku wouldn't have changed anything just like it didn't change in 2019.

And it's also surprising that nobody calls G-5 governor for working against their party. At least the rigging Wike did for Tinubu in Rivers is mind boggling. If Atiku had aligned with Obi, how would that have stopped Wike from doing what he did?

Na WA oh

Gerrard59:


Why are people not into solar in large numbers since that reduces their cost of electricity?

Solar energy Initial cost of investment is too high. All pray that you don't lose it to theft

Gerrard59:


Why are people not into solar in large numbers since that reduces their cost of electricity?

Solar energy Initial cost of investment is too high. Also pray that you don't lose it to theft

Creamypie:
Ah. Money no dey kano again? We hear am too bad since APC come in. Inflation and loss in value of naira, killing power to purchase.

All the flyovers in kano couldn't generate more jobs for the people of the state? Waste of public fund.

Thundafireseun:
I don’t think I understand closure…. I thought shop rite was leased out to Nigerian’s

Yes! The real Shoprite left nigeria 2 years ago to south africa but sold his share to a Nigeria investor. It's the Nigeria investor that is now pulling out the outlet from Kano because of the unfavourable business environment in the state.

lastkingsman:


Solar energy Initial cost of investment is too high. Also pray that you don't lose it to theft

People actually think like this. But the thing is one can actually start small and improve it as time goes on.

E don happenE don happen...

You're most likely right on MSQ using profit from their other locations to sustain their Uyo branch.

You know, ShopRite were the initial anchor tenants in mind for the mall before they pulled out (likely after conducting due diligence & market survey) & MSQ came in; I still struggle to understand the business decision behind their choice of coming to Uyo. While they enjoy sales (profitablity is what I don't know), other business owners inside the mall are seriously struggling.

As per De Choice, I think they've been able to maintain a firm grip on their market share; which still tracks back to my point earlier that most people who visit the mall go there for sight seeing more than shopping. It's also a "status" symbol/showoff kinda thing. Most of them would rather patronize De Choice, INELs or any other indigenously owned business for their basic shopping needs.

Gerrard59:


I had to quote everything. Thanks for your perspective.

Regarding the bold, the previous government leased the store to private investors. So Market Square is different from Ibom Tropicana as a whole. Just as ShopRite Ikeja is different from the ICM. At a point, the cinema there thrived on AKSG subsidy as very people patronised it except when major movies such as Wedding Party was released. So, I wonder why Market Square opened there. Maybe he is targeting when the state becomes more populous than when it entered the market. Using Port-harcourt's profits to sustain Uyo sort of. What is your opinion on De Choice Mall?