Retail Supermarkets Nigeria Limited (RSNL), operator of the Shoprite franchise in Nigeria, has declared that some of its temporarily closed outlets will reopen in time for the Q4 shopping rush after a restructuring of its operations.
The company assured that some of its stores that were temporarily closed would resume operations as part of efforts to stabilize its business ahead of the peak year-end shopping season.
According to Bunmi Cynthia Adeleye, Chief Strategy Officer at RSNL, the restructuring is focused on smaller, more efficient store formats, increased local sourcing, competitive pricing, and tighter liquidity management. These measures, she added, are expected to restore stability and position Shoprite for sustainable long-term growth.
Adeleye said, “Yes, it has been a tough period, but this is not a collapse; it is a reset. The old model did not work for Nigeria. With new investors behind us, we are rebuilding Shoprite to be more local, culturally relevant, more affordable, and more resilient. We are coming back bigger and stronger to serve Nigerian customers better than ever before.”
This update follows reports over the past few months from social media users and personal shoppers visiting Shoprite stores across the country, who noted empty shelves. More recently, Shoprite outlets in Ibadan and Ilorin were reported to have closed, raising concerns among customers.
