The Shoprite Mall has declared that its Kano State branch will cease operations starting January 14, 2024.
In a circular provided to our correspondent on Thursday, the popular mall cited financial constraints and escalating production costs as the primary reasons for this decision, making it challenging to sustain business operations in the country.
This announcement follows closely after Jumia Food’s recent declaration to discontinue operations in Nigeria by the end of the current month, citing increasing economic difficulties.
Expressing regret, the circular mentioned the regrettable but inevitable nature of this decision. It hinted at the unfortunate outcome of all mall employees facing layoffs once the store closes its operations 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.
Meanwhile, the store indicated 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.
