Four years after Nigerian businessman Tayo Amusans Ketron Investment Limited, a subsidiary of Persianas Group, acquired Retail Supermarkets Nigeria Limited RSNthe operator of Shoprite in Nigeriathe retailer is still struggling to steady its business in Africas most populous economy. The challenges have now led to the closure of key outlets across major cities.
Local reports from Daily Trust confirm that Shoprite outlets in Ilorin, the capital of Kwara State, and in Ibadan, less than two hours from Lagos, have shut their doors. The Ilorin branch, once a busy destination for weekend shoppers, had been slowing for months, with thinning crowds and declining sales before the final closure.
In Ibadan, the Ring Road and Mokola outlets were locked up with notices pinned to the entrances, citing circumstances beyond immediate control. Management sought to reassure customers at the time, saying efforts were being made to restore operations.