Tag Archives: Retail

Update: ShopRite Reportedly Not Leaving Nigeria, Denies Exit Rumours

Few hours after a report claiming that ShopRite was leaving Nigeria went viral, Africa’s biggest supermarket chain has now debunked the rumours that it intends to exit the country due to revenue challenges. According to Vanguard, the Country Director for Chastex Consult, Ini Archibong, has stated that “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors…

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Nigerians React As ShopRite Sets To Discontinue Operations In Nigeria

South Africa’s grocery store, ShopRite, is set to leave Nigeria after operating in the country for a period of 15 years. In a statement on Monday, the company said it has been approached by potential investors willing to take over its Nigerian operations. Bloomberg reports that Shoprite is considering considering an outright sale of its operation in…

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Access Bank Finalizes Acquisition Of Kenya’s Transnational Bank

Following its first announcement in October 2019, Nigeria’s largest bank, Access Bank PLC has announced the successful completion of the acquisition of Transnational Bank PLC, of Kenya (TNB). The Bank made this known through a statement signed by its Company Secretary, Sunday Ekwochi. “Access Bank PLC is pleased to inform the investing public and the…

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See Exodus Stores’ Latest Collection Inspired By African Arts

To further celebrate African arts expressed through fashion, premium retail store, Exodus stores dedicated to the promotion of African designers and their eclectic pieces both locally and internationally has launched a full collection tagged “Ayanfe” to cater to the African woman’s fashion desires. The online platform shared that it was created out of the result…

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Luxury Concierge Shopping Service, MyStyleWindow Partners with House of Deola

Straight out of London into the Lagos Metropolitan city, MyStyleWindow in affiliation with The Luxury Network brings a new dimension to luxury shopping in Nigeria. MyStyleWindow is a British Luxury Concierge service created to meet the demands of the luxury shopper, with a taste for elegant understated luxury, and an eye for fine English, Italian and Parisian…

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US Retailer J.C. Penney Announces Duro Olowu, A Nigerian-Born Designer Based In London As It’s First Collaboration

J.C. Penney, a major American retailer, operating 1,102 department stores in 49 states and Puerto Rico has announced Duro Olowu, a Nigerian-born designer based in London as its first “seasonal designer,” releasing a limited-edition collection for spring 2013.   According to Duro Olowu, “This collection is for anyone, from 18 to 80… Everything has a…

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