Shoprite, once Nigeria’s largest retail supermarket chain, is battling financial strain, supply challenges, and store closures amid fears of a full exit.
Shoprite Nigeria is struggling to maintain its presence, four years after its South African parent company sold operations to local investors.
Once a dominant force in Nigeria’s retail space, the supermarket chain now faces empty shelves, declining patronage, and widespread speculation about its future.
Daily Trust reports that outlets in Ilorin and Ibadan have shut down, while stores in Abuja and Lagos operate with scanty products.
At the Ikeja City Mall branch, once known for long queues, shelves for groceries and wine stood largely bare.
Staff attributed the shortage to ongoing negotiations between management and suppliers. “Hopefully when that is completed, then they will start stocking the store again,” said an administrator, dismissing fears of expired goods.
In Abuja, staff voiced frustration over two months of low supply, with some fearing job losses. “Everybody here, our chest is beating because we can’t afford to lose our jobs if they close,” one worker said.
Industry analysts link Shoprite’s woes to rising rents, inflation, exchange rate instability, and stiff competition from local and online retailers.
Economist Marcel Okeke warned that Nigeria’s “uncompetitive” business climate could drive more multinationals away.
Despite speculation, management insists Shoprite is not leaving Nigeria, pledging to restock stores by the end of September.
For many customers, however, the once vibrant retail giant now paints a picture of uncertainty.