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Mr Price Plans To Exit Nigeria - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Mr Price Plans To Exit Nigeria (56718 Views)

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Re: Mr Price Plans To Exit Nigeria by Nobody: 9:29pm On Jun 26, 2020
feldido:
More Jobs to be lost... Too bad cry
NO BUSINESS thrives in DARKNESS

1 Like

Re: Mr Price Plans To Exit Nigeria by starbuck(f): 9:31pm On Jun 26, 2020
My ọkirika still dey do me grin grin...


Bye

2 Likes

Re: Mr Price Plans To Exit Nigeria by LaReinaa(f): 9:31pm On Jun 26, 2020
DaddyGngeess:




Thank you, stupid fake wears
Very very fake ooo grin grin cheesy

5 Likes

Re: Mr Price Plans To Exit Nigeria by abjecht(m): 9:31pm On Jun 26, 2020
Won’t they export their profit?

adioolayi:
Hmm....."In the early days we were making money but now we just came up against too many roadblocks, whether it’s getting the money out, etc.”

Getting money out to where? Are you exporting currency?
Re: Mr Price Plans To Exit Nigeria by Alexpetra: 9:34pm On Jun 26, 2020
jericco1:
Let others seize this opportunity
they won't see it if it's not an oil company

1 Like

Re: Mr Price Plans To Exit Nigeria by AreaFada2: 9:35pm On Jun 26, 2020
Jwonder:
Investors are running away, nobody wants to invest in a volatile economy where one furu drinking slowpoke will wake up and increase tax without taking into consideration that these companies provide their own security and power, it ain’t easy naa.

That’s why Nigerians can never get the best products especially the telecommunications industry because most companies need to compromise in quality so as keep up with the cost of running their companies and still make profit.

Yep! The market is not buoyant enough for high end goods. See how Itel, Infinix and Tecno that nobody want in the West are the ones Nigerians flock to buy.

Vodafone, Bouygues, EE, AT & T and others have avoided 9ja telco sector like plague.

Companies in other non-food & non-essenco sectors will struggle seriously going forward.

6 Likes

Re: Mr Price Plans To Exit Nigeria by janedonez(m): 9:37pm On Jun 26, 2020
Too bad. Their stuff are even substandard and expensive

8 Likes

Re: Mr Price Plans To Exit Nigeria by DaddyGngeess(m): 9:37pm On Jun 26, 2020
LaReinaa:

Very very fake ooo grin grin cheesy



Seriously I know, i have bought alot of cloths from them, i always end up regretting it, from Lagos to Abuja, as soon as u deep it in water for washing that is the end of that cloth

2 Likes

Re: Mr Price Plans To Exit Nigeria by barragan: 9:37pm On Jun 26, 2020
phransix2:
Their clothing line is very expensive....

And quiet inferior, I bought a shirt there that I regret to this day.

3 Likes

Re: Mr Price Plans To Exit Nigeria by miketayo(m): 9:39pm On Jun 26, 2020
phransix2:
Their clothing line is very expensive....

It's cheap with low quality

1 Like

Re: Mr Price Plans To Exit Nigeria by frozen70(f): 9:39pm On Jun 26, 2020
Profprom:
Why blow your trumpet before leaving? Whether you leave or stay we have been surviving in this country and we will still survive with or without you. Better luck else where

That's not an encouraging word

You won't know how it feels until you establish one

2 Likes

Re: Mr Price Plans To Exit Nigeria by Ashley5050: 9:39pm On Jun 26, 2020
Wizygreat12:
Go and make free money Tumurrow i no need Una money i just give it out freely only if u believe good luck

What is Dr?
Re: Mr Price Plans To Exit Nigeria by Cyberterror: 9:39pm On Jun 26, 2020
They can go. Okrika no dey finish for market.
Re: Mr Price Plans To Exit Nigeria by Ezmans: 9:39pm On Jun 26, 2020
Primusinterpares:
Too bad
this current apc government is not a business friendly government, if you are into import or export you I'll understand

3 Likes

Re: Mr Price Plans To Exit Nigeria by xxxXXXxxx: 9:41pm On Jun 26, 2020
Mr Price shouldn't put exclusive blame on Nigeria's business climate. After all,they closed their stores in both Australia and Poland earlier. They should rather learn how to run a sustainable business in many different climes simultaneously.

8 Likes

Re: Mr Price Plans To Exit Nigeria by SweetCunt97(f): 9:41pm On Jun 26, 2020
Low patronage plus their clothes suck. Who wanna buy pricy junk undecided

9 Likes

Re: Mr Price Plans To Exit Nigeria by Jwonder(m): 9:42pm On Jun 26, 2020
AreaFada2:


Yep! The market is not buoyant enough for high end goods. See how Itel, Infinix and Tecno that nobody want in the West are the ones Nigerians flock to buy.

Vodafone, Bouygues, EE, AT & T and others have avoided 9ja telco sector like plague.

Companies in other non-food & non-essenco sectors will struggle seriously going forward.

That’s why we the youths need to chase these stupid politicians, they have nothing to offer this country, they we will chase investors which will lead to unemployment and increase in crime rates

4 Likes

Re: Mr Price Plans To Exit Nigeria by blackTaliban: 9:42pm On Jun 26, 2020
A typical response of an unexposed african!!
Nigeria is a walking corpse wake up
Profprom:
Why blow your trumpet before leaving? Whether you leave or stay we have been surviving in this country and we will still survive with or without you. Better luck else where

4 Likes

Re: Mr Price Plans To Exit Nigeria by shukudi(m): 9:43pm On Jun 26, 2020
phransix2:
Their clothing line is very expensive....
And substandard too.
Poor quality fabrics at high price

2 Likes

Re: Mr Price Plans To Exit Nigeria by Dextre(m): 9:44pm On Jun 26, 2020
Profprom:
Why blow your trumpet before leaving? Whether you leave or stay we have been surviving in this country and we will still survive with or without you. Better luck else where

2 Likes

Re: Mr Price Plans To Exit Nigeria by Fearlez: 9:44pm On Jun 26, 2020
"In 2019, Mr Price closed its stores in Australia and Poland."


A dying company.

8 Likes

Re: Mr Price Plans To Exit Nigeria by adioolayi(m): 9:44pm On Jun 26, 2020
abjecht:
Won’t they export their profit?

Read about how these companies repatriate undeclared money. They don't declare actual profit to evade taxes and all.

1 Like

Re: Mr Price Plans To Exit Nigeria by VeeVeeMyLuv(m): 9:44pm On Jun 26, 2020
Septuagenarian:
You can go, we need more local cloth retail companies in Nigeria too, enough of every South Africa in Nigeria. Grow Nigeria Wear Nigerian.
lol grin
U should be begging them to stay a little till corona aftermath when things begin to pick up and normalize again.

Come to think of it, how many times have u seen jobs and utility created? They would rather embezzle and launder it elsewhere.

For these investors to take it upon themselves to invest despite the volatile unfavorable unhealthy environment, I think they should be commended.

1 Like

Re: Mr Price Plans To Exit Nigeria by Dextre(m): 9:45pm On Jun 26, 2020
blackTaliban:
A typical response of an unexposed african!!
Nigeria is a walking corpse wake up


As in ehn,just see the way people's mentality are. Nigeria is gradually dying and we are all just looking talking about we will survive,survive wetin

3 Likes

Re: Mr Price Plans To Exit Nigeria by Reference(m): 9:46pm On Jun 26, 2020
adioolayi:
Hmm....."In the early days we were making money but now we just came up against too many roadblocks, whether it’s getting the money out, etc.”

Getting money out to where? Are you exporting currency?

Oga. If you go to Ghana or Togo to establish a business and cannot bring back your profits to Nigeria or worst still your capital or God forbid the loans you took to establish it, what will you do?.

The ability to move your resources at will is key to the ease of doing business and is fundamental to foreign investment.

In a nutshell if you make it hard for capital to go out it will be hard to come in. That is not rocket science, it is common sense and that is why the only group of investors willing to do anything with us are the Lebanese, Indians and Chinese, a group not known for ethical practices.

And no country can do without foreign investments, no country has all the human, monetary and material resources to develop independently.

3 Likes

Re: Mr Price Plans To Exit Nigeria by Nobody: 9:47pm On Jun 26, 2020
phransix2:
Their clothing line is very expensive....

Quality stuffs are expensive.

1 Like

Re: Mr Price Plans To Exit Nigeria by MrSensor(m): 9:48pm On Jun 26, 2020
NwaNimo1:
Sai Buhari....

we will see you back in 2023

mark my words!

[img]https://media./images/ac5ecb53eda4d3011be648f4873987ac/tenor.gif[/img]
I will not reply you cause today is my birthday and I don't want to ruin it.
Re: Mr Price Plans To Exit Nigeria by marvin906(m): 9:49pm On Jun 26, 2020
no wonder I saw their shop in ShopRite closed thought it was renovations..
buh honestly their clothes are mad expensive

Re: Mr Price Plans To Exit Nigeria by Cumtroller: 9:49pm On Jun 26, 2020
adioolayi:
Hmm....."In the early days we were making money but now we just came up against too many roadblocks, whether it’s getting the money out, etc.”

Getting money out to where? Are you exporting currency?

Profit Repatriation. Read and expand your horizon. The quality of education in this country is shit.

1 Like

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