Owner store

After #EndSARS looting, Shoprite reopens its Circle Mall store and closes Maryland

Retail Supermarket Nigeria Limited (RSNL), owner of Shoprite in Nigeria, has announced plans to reopen the Circle Mall store.

The store, located in Jakande, Lagos, was closed after vandalism resulting from the EndSARS events in October 2020.

Tayo Amusan, president of RSNL, announced the development on Monday.

The Maryland store will now be closed – months after Ketron Investment Limited, a subsidiary of Persianas Investment Limited which is owned by Amusan, finalized the acquisition of the activities of Shoprite in the countryside.

“We have made the difficult but necessary decision to end business operations in Maryland at this time,” he said.

“We thank the surrounding community for years of patronage and loyalty. Our commitment to Lagos State is unwavering and we look forward to providing shoppers in the region with enhanced shopping experiences in the future.

“RSNL seeks to achieve faster growth, greater impact and to allocate resources, including its workforce (composed of 2,000 workers, 99% of whom are Nigerian citizens) to more profitable investments. .

“Since acquiring the business in June 2021, we have achieved very impressive sales growth, in excess of inflation, and we are looking to build on this success while continuing to invest in different regions of Nigeria, with the support of our stakeholders.”

Speaking on the reopening of the Circle Mall store, Amusan said it was an indication of the company’s commitment to growing the Nigerian economy, adding that RNSL would continue to expand its operations in all 11 states. and the Federal Capital Territory (FCT).

“We are delighted to reopen after a long hiatus. We have received tremendous support and look forward to opening our doors again to our customers in Jakande, Lekki and surrounding areas,” he said.

“We remain steadfast in our commitment to supporting the growth of the Nigerian economy even as we explore opportunities to expand our network of outlets, thereby providing job opportunities for Nigerians.

“We are also exploring partnership opportunities with more local farmers and small business owners to optimize agribusiness across Nigeria to dramatically increase agricultural yield in the country.”

According to the statement, it is expected to “open new stores in Kaduna, Port Harcourt, Benin and Jos as part of its expansion plans”.