The Shoprite Mall in the Wuse area of the Federal Capital Territory, Abuja, has announced it will cease operations starting June 30, 2024. This decision was communicated through a circular issued by the Chief Executive Officer, Dr. Folakemi Fadahunsi.
The announcement stated that the closure follows a comprehensive evaluation of the store’s financial performance and the prevailing business climate, influenced by the current economic situation in the country.
The mall also informed its vendors that their services would no longer be required after the closure date. The circular stated, “We regret to inform you that as of June 30, 2024, Retail Supermarkets Nigeria Limited will be closing its Wuse Store located in Novare Wuse Central Mall, Abuja. This decision has been made after a thorough evaluation of the store’s financial situation and the current business climate. We believe this is the best course of action for our organization’s long-term growth.”
The statement further clarified that all existing service contracts related to the store would also be terminated effective June 30, 2024.
