Shoprite A whiter shade of retail
Just so they’ll never have to prove their gung-ho credentials to anyone, ever again, and also for the $$$, Shoprite are launching their newest Nigerian store in Kano, chief commercial hub of the troubled North, and itself something of a basket case: power supply problems, factory closures, an economy which was struggling even before the start of the Boko Harum Islamist insurgency, 67% unemployment, you name it. But on the upside – a huge and under-serviced population, and a home in the $110-million Ado Bayero Mall, Nigeria’s largest. Shoprite are once again voting with their wallets, shelling out $20 million on the store which will bring to eight the number they have in Nigeria, a market we confidently predict they will dominate in the years and decades to come.
Comment: A troubling trend, though, this new tendency of insurgencies to name themselves after seventies prog rockers.