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Shoprite Plans 20 New Outlets In Nigeria  print

Published on August 25, 2010 by   ·   7 Comments

Shoprite

Shoprite Holdings Ltd., South Africa’s largest food retailer is set to open 20 new outlets in Nigeria in the next two years.

The new stores are part of the 85 new outlets the company plans to open this fiscal year.

Shoprite Nigeria was recently enmeshed in a trade dispute when employees of the company locked the store in Lekki area of Lagos, and staged a protest in front of the store.

The Nigerian management of the company threatened to sack all the workers if they did not end the strike but the workers, who are seeking better working conditions, called their bluff.

The dispute was resolved after the management and the workers reached an accord.

Announcing the decision to increase the store’s outlets in Nigeria, Chief Executive Officer of the company, Whittey Basson said: “Nigeria has a population of about 140 million people, so quite obviously, it’s a massive market it has by infrastructure. It just doesn’t  have the sort of super marker exposure or shopping centre exposure which South Africa has.”

The new move by the company is expected to create 5700 new jobs.

The retailer expects to invest 3 billion rand ($405 million) in the next four years on its systems and logistics infrastructure, it said in a stock-exchange statement today.

Annual profit growth slowed to 13 percent in the 12 months through June from the previous year’s 27 percent, Shoprite said today, as the economy shed jobs and food inflation eased.

South Africa’s economy, the biggest on the continent, will probably grow 2.9 percent this year, compared with a 1.8 percent contraction in 2009, according to the central bank.

“Although the after-effects of the recession will be felt for a long time to come, the group is investing heavily for the recovery when it comes,” Chief Executive Officer Whitey Basson said in the statement.

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Posted by on August 25, 2010, 1:16 pm. Filed under Business, Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

7 Comments for “Shoprite Plans 20 New Outlets In Nigeria”

  1. Rosemary Mordi

    Hi..will love to communicate regarding locating a large Shoprite in Delta State; Asaba & Warri.

    As ceo BESTBRANDS i handle corporate social responsibility (csr) on behalf of the Delta State Government working thru the Ministry of Economic Planning.

    Since November 2010 i have been stationed in Delta handling various projects including discussing with prospect partners towards locating Shoprite in Delta State.

    Kindly connect me with the appropriate authority as i have advised some of the prospect partners who have acquired landed property for a shopping mall to wait, so that we work with shoprite specifications from the start.

    Rosemary Mordi
    ceo Best Brands
    08034386249, 07033967066,07030733598.

  2. Rosemary Mordi

    Hi..will love to communicate regarding locating a large Shoprite in Delta State; Asaba & Warri.

    As ceo BESTBRANDS i handle corporate social responsibility (csr) on behalf of the Delta State Government working thru the Ministry of Economic Planning.

    Since November 2010 i have been stationed in Delta handling various projects including discussing with prospect partners towards locating Shoprite in Delta State, Nigeria.

    Kindly connect me with the appropriate authority as i have advised some of the prospect partners who have acquired landed property for a shopping mall to wait, so that we work with shoprite specifications from the start.

    Rosemary Mordi
    ceo Best Brands
    NIGERIA
    08034386249, 07033967066,07030733598.

  3. Dave Onwuka

    Pls I love this concept. I really need to get an outlet at the upcoming shop rite in Enugu. How do I go about getting one. My e.mail add is just above. (davonsky@yahoo.com just in case)

  4. Ngozi Obiji

    How can a local producer join the supply chain of Shoprite, especially for the new shop in Enugu still under construction

  5. bakes & fries fast food

    Good morning, we are young growing fast food outlet in lagos although not popular dealing with bakes & fries. Some of our products include the following: meat pie, Scot egg, beef roll, egg roll, puff, pan cake, cake for all occasions chin chin etc. I want be one of your supplier, how wil I register. Kindly advise

  6. Binta Suleiman

    Pls give me all the detailed requirements and specifications on how to open one of your outlet at yanyan/karu axis of abuja.

  7. Ogunmoye Ayomide

    Good day, am mailing to inform you of hectares on Land in my town, which have being name a modern market. Since these Land as been laid waste, i have been thinking of anyway of establishing the land. am mailing you to let you know the town ILISAN REMO in Ogun State. will be happy to have a mordern market .we have good road that link direct to Lagos – Benin express road.
    Kindly reach me on 08050363972

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