The Shoprite Mall has declared its intention to cease operations at its Kano State branch starting January 14, 2024.
The mall cited financial constraints and the high costs of doing business in the country as reasons for this decision.
A circular released by the popular mall, shared with our correspondent on Thursday, highlighted these challenges.
This announcement follows a similar decision made by Jumia Food to halt its operations in Nigeria by the end of this month, citing escalating economic difficulties.
Expressing regret over the move, the circular stated that the decision, though regrettable, is deemed necessary.
It also indicated that all employees currently working at the mall would be laid off once operations cease in the state.
“I regret that our store in Ado Bayero Mall, Kano, will close its doors on January 14, 2024. This decision was not made lightly, as we understand the impact it may have on our employees and the community.
“However, after careful evaluation of the financial situation of the store and the current business climate, we believe that it is the best cause of action for the long-term growth of our organization.
“We understand that this news may be difficult to digest. We want to assure you that we are here to support you during this transitional period, your well-being is our top priority, and we will do everything we can to assist you in finding new opportunities within our company, we encourage you to apply for any vacant position in existing our store across the country through the Human Resources department,” the statement read.
Concurrently, the store mentioned plans to inaugurate new branches in different regions of the country.
It also announced that employees in Kano will have the opportunity to apply for positions at these upcoming stores.
