Supermarket chain, Shoprite Mall has announced the closure of one of its Abuja branches at the end of June.
This was contained in a circular signed by the Chief Executive Officer, Folakemi Fadahunsi, disclosed this in a statement on Monday.
The affected branch is situated at Novare Central Mall in Wuse Zone 5.
Shoprite attributed its decision to a thorough evaluation of the store’s financial situation and the current business climate, adding that it was the best course of action for the organisation’s long-term growth.
It also advised vendors that their services would no longer be needed at the store and that all existing service contracts had also terminated for the store.
The circular added the company would be reviewing its accounting records in the next 60 days to settle outstanding balances.
