Shoprite has announced the closure of its Ado Bayero Mall Store, Kano State branch from January 14, 2024.

The popular mall stated that the decision was taken after careful evaluation if its financial situation and high production costs combating business establishment in the country.

The closing announcement was signed by Mubertus Rick, and made available to newsmen on Thursday.

This development is coming barely 12 hours, Jumia Food announced its plan to stop operation in Nigeria and seven other countries by the end of 2023.

“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.”

Meanwhile, the Retail Supermarkets Nigeria Limited (RSNL), operator of the Shoprime franchise in Nigeria noted that it will be opening new branches in other parts of the country, adding that its employees in Kano can apply for jobs in those stores.

The firm launched its first Nigerian store in Lagos in December 2005 and has expanded to 26 outlets across 14 states in the nation.