Perhaps because its arrival in the Nigerian market redefined consumers’ purchasing habit, the news early last week that South African-owned Shoprite, was considering leaving Nigeria, generated debate among Nigerians. Why some saw the development as retrogressive, considering the company’s economic advantage, especially in the area of job creation, others saw it as opportunity for Nigerian investors to key in and further explore the market. But before the dust could settled, the new was debunked.
The company disclosed this in a statement titled: “Operational and Voluntary Trading Update , seen by THISDAY recently. It disclosed that its international supermarkets contributed 11.6 per cent to the group’s sales and reported 1.4 per cent decline in sales from 2018. South African operations contributed 78 per cent of overall sales and saw 8.7 per cent rise for the year.
The story took another dimension, when purveyors of online news took to the street to release speculative news trend about the likely benefactors of the company’s exit. While some reeled out names of existing retail supermarket brands that may likely reaped from the failure of Shoprite, others affirmed that business moguls like Aliko Dangote, Peter Obi and Tayo Amusan had shown interest in the business.
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