News Blog NG

For 24/7 informative news, reporting, and current affairs blog

30% Discount Sales of Medici Terrace By Sujimoto Fully Furnished Luxury 4-Bedroom


Friday, August 21, 2015

Shoprite to Open 14 New Stores in Nigeria

Africa's biggest retailer by sales, Shoprite Holdings, is set to open 14 new stores in Nigeria in the next 20 months, its chief executive, Whitey Basson, said on Tuesday.

Africa's biggest retailer by sales, will open nearly twice as many stores on the rest of the continent this year as in 2014, he added. 

He says Shoprite is building a distribution centre in the country, aiming to move goods faster as imports into Nigeria can be delayed in ports for up to three months or so, Basson said.

Angola is the only other market large enough to justify a distribution centre in the next five years, he said.

The supermarket operator is banking on rapid growth in markets such as Nigeria and Angola where it aims to change the shopping habits of Africa's rising middle class.
[ThisDay Live]

No comments:

Post a Comment

Share Your Views and Comment on This Post, Thanks.

Featured Post

WORLD CUP PROMO: Get a 15% Discount with a Spread Balance of 36 months in any of our Solar Power Package.

Capture all Your World Cup Moments with 24 hrs Power! Catch the Excitement in the air! Capture those thrilling World Cup moments in Ru...