Category: Shopping

  • Eat ‘N’Go Africa marks first anniversary

    Eat N’ Go Africa has marked its first year anniversary in the market with a promise to continue to offer the best in Food and Beverage industry.

    Speaking at a briefing in Lagos, its Managing Director, Mr Eric Andre said the firm has introduced Cold Stone Creamery and Domino’s plaza.

    Six Cold Stone Creamery stores have been opened in Lagos and Enugu with plans for two more in Lagos. Three Domino Plaza are operating in Lagos and two new ones under construction.

    “We would like to thank our customers for giving us the opportunity to serve them in the course of the year and we look forward to continually satisfying their needs. Our gratitude also goes to all our individuals and organisations that have in one way or another supported our growth in the course of the year.

    “Our mission to become the premier food operator in Africa has just begun and we promise to uphold the values we have come to be known for: putting people first, demanding for integrity, striving for customer loyalty, delivering with hustle and positive energy and winning by improving results every day,” Andre said.

     

  • Activities peak at Lagos nine-day market

    THE Iworo and Ejina market in Ikorodu, Lagos opens once every nine days.

    Activities begin at 7am with traders displaying their wares, mainly food items.

    At 8am, the market opens for customers who like to buy food items and other household items.

    The market stocks various useful and cheap things. But, traders complain that people who don’t live in Ikorodu do not know about the market and they don’t patronise them.

    “Only people who live in Ikorodu know about this markets,” said the market leader, Alhaja Suliat Amoo.

    “We want people living outside Ikorodu to patronise us too.We stock more of fresh farm produce every nine days. Traders from different markets come together to make available what people need. But, we have a challenge, our market is congested and there is limited space to display our items. More traders are coming in every market day, making small space for the first set of traders.”

    One thing that attracts traders to this market is the bountiful sales they are sure of making. They believe if they have a bigger market and people know more about them, it would help promote sales.

    Mrs Ajoke Lawal said: “This market is a blessing to us, we make huge sales but if only we can have more customers from other places outside Ikorodu, we will make more sales. We are putting heads together to inform people concerning the market, trying to convince them patronise to us. “

    Mrs Bukola Majekodunmi is a regular customer at the market. She said: “I visit this market every nine days; it is something I look forward to doing because, it allows me buy cheap bags of garri from Alhaja Modina who comes from Ijebu Ode every nine days to sell here.”

    Another trader Alhaja Modina added: “I come here to trade every nine days because sales are huge and there are customers to buy what I have brought here. As a trader, if you come to the market early, you’ll get space to display goods inside the market. But if you are late, space even outside the market by the roadside might no longer be available.

    Mr Sunday Eze sells food stuffs in bulk in the market. He said: “I own shops at three different markets in Ikorodu but every nine days I still come here to make money. Sales here are outstanding and I don’t return home with my wares. For me, the only challenge we face is lack of space. The market is small and cannot accommodate all of us.”

    Mr Aliu Mustapha, who sells pepper, said: “I get to the market by 6am and finish selling my wares before noon. What I sell here in a day is what I sell in other markets in two or three days. People from different places come to buy from us . I sell pepper in bulk to those who resell in other markets.”

  • Cocoa Mall to open in Ibadan October

    The Cocoa Mall is opening in Ibadan, Oyo State in October.

    Its owner Chief Tokunbo Omisore said the strategic location of the popular Heritage Mall to the mall is of advantage to it.

    He said: ”Cocoa Mall is of international standard in terms of structure and pricing and it is first of its kind in Oyo State. Pricing not just of space acquisition but also of the goods and services rendered by the occupants which is an affordable development to the area.

    ‘’Though the mall is a huge investment, we have set reasonable time for return on investment on the project. That the mall is 80 per cent allotted and paid for by prospective shop operators of repute in the growing country’s retail industry.”

     

  • The rise and rise of Shoprite

    The rise and rise of Shoprite

    Seven years ago, retail giant Shoprite landed in the country when it opened its first outlet at The Palms in Lekki, Lagos. Between then and now, it has opened other outlets in Ibadan, Ilorin and Enugu. It still wishes to have more outlets, but it says it is being constrained by space. Tonia ‘Diyan reports.

     

    Retail giant Shoprite is contemplating expanding, but it is being hampered by space. Its parent company, Shoprite Holdings Ltd (SHL) claimed in its South African home country on Wednesday that it was being slowed down by lack of sites in Nigeria.

    Nigeria, with more than 160 million people, could eventually carry about the same number of stores as Shoprite has in South Africa, Chief Executive Officer Whitey Basson said in a presentation in Johannesburg.

    South Africa’s largest retailer, which has more than 800 stores in its home market, is in the process of adding 37 stores to the seven it already has in the West African country.

    “Nigeria could handle 600 to 800 stores if you look at the size of the cities,” Basson said. “Growth in Nigeria can go quickly, but that’s not dependent on Shoprite, but on sites. Non-South Africa property development is slower than we like.”

    As food retail in South Africa is becoming saturated and more competitive, Shoprite is expanding in the rest of Africa. Sales for the year through June climbed 28 per cent to 11.7 billion rand ($1.1 billion) in supermarkets outside its home market as the rand weakened against the dollar and some African currencies, making imports from South Africa more affordable. Supermarkets in the region contribute 14.2 per cent to total revenue.

    In addition to a lack of available property, supply lines outside of South Africa “remain a huge challenge,” Basson said. Shoprite’s lead time in Nigeria is 117 days and the retailer is considering building a distribution center in the west African country.

    According to Mr Whitey Basson , the chief executive officer, “Several cities in Nigeria have populations of more than eight million people. I can’t say all of them have the same spending power, but Nigeria can support the same number of supermarkets as South Africa.”

    “Even if you have 60 per cent of the population living in poverty, 40 per cent of the Nigerian population is still bigger than the South African population,” he said

    Mr Basson said the grocery store made a 19 per cent rise in first-half earnings and has about 950 supermarkets with 729 of them in South Africa. It plans to open more stores outside of South Africa, preferably in Nigeria soon but for the lack of properties. It also plans to enter the Democratic Republic of Congo.

    Given its population and potential for growth, retailers are increasingly targeting Nigeria. The country’s population cannot be compared to South Africa’s 50 million, according to World Bank estimates.

    Shoprite turned the tide of grocery shopping in the country when it opened in 2006 as an anchor store at The Palms, Lekki, Lagos.

    Consumer spending is improving in Africa’s biggest economy due to decades-low interest rates and above-inflation wage hikes, but the outlook is uncertain due lack of property in choice areas.

    Shoprite, a domestic merchant seen likely to lose the most from discounter Wal-Mart’s entry into the country, has been on an aggressive expansion drive in Africa.

    It said sales increased 13.2 per cent to 41 billion rand ($5.4 billion) after increasing prices by an average of 4.6 per cent and gaining nearly 30 million rand from favourable currency swings.

    Shoprite the leading retailer across Africa and the brand choice for many consumers across the African continent work hand in hand with many local Nigerian suppliers, buying in bulk in order to pass the cost savings onto shoppers. So this way, shoppers can continue to enjoy a world class shopping experience whilst saving money.

    Its large following of loyal shoppers can be attributed to their ability to offer the widest range of products and the highest standards of freshness and quality while maintaining the lowest prices.

    The past few years have seen the rise of modern shopping malls in Nigeria with Shoprite as the anchor tenant. It is just a natural progression from what has always been a way of life for an average Nigerian. Some Nigerians are great spenders.

    The potential buying power of Nigeria was recognised with the advent of democracy in 1999. There is recognition by the outside world that there is a lot of wealth here and there should be a market here. But the potential for more malls in Nigeria is hindered by insufficient access to land. A certain amount of land is required for a shopping mall, it is has to be a land in the right location and in the right place.

    According to Erejuwa Gbadebo, chief executive officer Broll Nigeria, there should be support from financial houses such that would provide access to finance for projects such as the shopping malls. These are projects that create jobs and stack up a revival in the micro economy around a place.

  • Oak Grand relaunches Lords Dry Gin

    Grand Oak Limited has repackaged Lords Dry Gin to meet consumers’ taste and beat counterfeiters, the Managing Director Mr Ashkay Kumar has said.

    He spoke at the launch of the brand in Lagos.

    He noted that the firm’s successes over the years have become a source of envy and challenge for some unscrupulous people, who have introduced some fake products.

    On how they intend to check the counterfeiters, Kumar said they have gone back to the drawing board to checkmate fake products peddlers and manufacturers through a new mobile authentication.

    He urged consumers to look for the sticker on the cap with 13 digits, text it to a given number for authentication.

    He enjoined consumers to report through a toll-free number or to any of the regulatory bodies or law enforcement agency.

    He said the counterfeiters cannot beat the intelligence network built into re-branding the gin.

    Asked if the campaign would cover the country, he said yes, adding that it would be more pre-dominant in the Southeast because of the company’s presence in the region.

    He assured the distributors that the firm would recall their old stock after authentication.

    A distributor and Managing Director of LATBAK Enterprises, Alhaja Latifat Baruwa, complained that some unscrupulous traders con genuine distributors by buying some bottles from them as a cover up after buying substandard lorry loads from counterfeiters only to direct law enforcement agencies and regulatory officers to them as their source.

    The Grand Oak boss urged the distributors to use the toll free numbers on the bottle to call the company or the regulatory officers for action.

    The Country Manager of Sproxil Technology, Mr Lawrence Nwosu, the firm in charge of the mobile identification number and other security features on the repackaged drink, also urged consumers to report suspected cases of counterfeiting to the police and the brand owner for action.

    He added that it would be impossible for the counterfeiters to copy the new label.

  • Vitafoam unveils products

    FOAMS giant Vitafoam has unveiled music pillows, latex pillows, spring mattress and memory/visco elastic foam that regulates blood circulation.

    Speaking at the launch of the products with reporters in Lagos, the Managing Director, Vitafoam Nigeria Plc, Mr Joel Ajiga, said the music pillow was made from high quality user friendly fibre and could be connected to phones, iPods and other musical gadgets.

    He said: “It lures you into sleep in a short time with high resolution music gadget and the memory/visco elastic foam regulates blood circulation.

    “The good thing about the music pillow is that it gives you room to listen to your choice of music without disturbing anybody else and it is also health friendly because the phone or Ipad is not directly on your head or ear.”

    Also, he said the latex pillow provides soft feel comfort and air flow through the air vents provides additional ventilation, which is therapeutic to sleeping disorders and also highly durable.

    He said the memory/visco elastic foam are good, provides adequate support to all parts of the body, reduces the pressure points of the body thereby relieving joint pains, usually high weight and density benefits, regulates blood circulation, superior thermal comfort, open all releases body heat and temperature and also reduce motion transfer between two people.

    He added: “In response to global emphasis on the need to conform to the requirements and protocols for environmental protection, Vitafoam has decided to embrace the project of spring mattress as the product that represents the change to environmentally friendly products ensuring sleeping comfort.”

  • 500 units shopping mall make debut in Abuja

    A MAll of five hundred units of business and office spaces, all en suite, located in the Mabushi District of Abuja, have opened shop.

    The mall named “Platinum Mega Mall” was built by Platinum Mortgage Bank Limited at N1 billion.

    It is divided into various sections like furniture, provision, cosmetics, office spaces, apprenticeship section so as to ensure easy shopping for customers.

    The Managing Director of Platinum Homes, Mr Emmanuel Mbaka, who spoke at the inauguration, said the construction began six years ago and has culminated in the erection of several structures across the country.

    He said the business facility has parking space to suit the requirements of the modern day business and shopping spaces.

    Mbaka said attention has been paid to the engineering and structural design in order to ensure maximum safety and the comfort of its users and also the finishing to ensure a state of the art outlook.

    “The choice of location of this mall is very strategic as it is located at a place where it can serve Maitama, Katampe, Mabushi, Jahi district and environs as well as provide adequate space for shopping and business purposes.”

    Mbaka appreciated the jahi host community, especially the king of Jahi kingdom for receiving the owners of the mall with open arms and for their support and hospitality in the years to come as he pledged the continued commitment of the Platinum Homes to more corporate social responsibility so as to ensure the further development and advancement of the community.

    The Catholic Archbishop of Abuja, John Onaiyekan who inaugurated the mall said it will give Nigerains the chance to retire from government offices to their personal offices and give them a chance to depend on something after retirement.

    He urged other well meaning Nigerians to support the government by constructing structures and rent them out to the public so the economy can improve.

  • Muslims’ demand shifts as Eid-el-Fitri approaches

    Before the fast was the rush for food items. It’s one week to the end of Ramadan, shoppers are buying clothes, shoes, rams and other items for the Eid-el-Fitri celebration next Friday. TONIA ‘DIYAN, AZZAN OLAJUMOKE and TAIBAT IDOWU report.

    People have started shopping for the Eidel Fitri festival. Most markets are full of people hurrying into stores to buy various items they need for the upcoming celebration.

    Shoppers can be seen in clothing stores, shoe stores and stores where fashion accessories are sold.

    At the Sabo, Ikorodu market where livestock is sold, The Nation shopping spoke with Alhaji Usman who sells chickens, rams, cows and goats. He said his customers are now turning up as Eid-el-Fitri approaches, unlike when most of them were held back because of the fast.

    Mrs Suliat Aleje, who sells pepper also at Sabo market in Ikorodu, said sales have been very different these few weeks with her customers now turning up to buy pepper and other items for the festival.

    At Pentagon plaza, Ikorodu, Mrs Idowu Agoro who spoke with The Nation shopping, said: “I have been having customers coming to buy clothes to prepare for the upcoming festival. Many buy Ankara, while few buy lace materials and others English wears”.

    At Oshodi market, Mrs Kabirat Owolabi was seen in a lace shop, buying clothes. “I am here to buy two bundles of Swiss lace. A bundle cost N20,000. I also bought shoes. These items are quite affordable here.”

    At the Laketu market, Ikorodu, Alhaja Ayoka Ogunfolu, who is the Iyaloja of the market, said things have been going on fine in the last few days because their customers now patronise them the way they used to before they started fasting.

    “My Muslim customers are preparing to celebrate the Eid-el-Fitri, sales have been outstanding and I believe it will continue like this for sometime.”

    Mr. Sadiq Taoreed sells Jalabia (a muslim outfit). according to him, most men are buying Jalabia for the festival “I sell Jalabia and other Islamic accessories and men are my major customers. Jalabias range fromN3,500 to N5,000”.

    Mr Charles Olisakwe sells food stuffs at Laketu market in Ikorodu. According to him, people are also buying more food stuffs than before to prepare for the up coming festival. They don’t want to be caught unawares, it is better to prepare ahead.

    At the Ebute market, also in Ikorodu, Mrs Taiwo Bankole, who is a customer said: “Ramadan is coming to an end and as usual, i want to restock so, i can have enough to share. Apart from food items, clothes are also important for me and my family at this time because we have to look different for the festival and change our clothes for the months ahead.”

    Mrs Bunmi Ajayi who sells frozen food at Mile 12 Market said she has not started rejoicing yet because of her business. “I sell frozen foods and if people buy ahead of the festival it might get spoilt.”

    Meanwhile, as some people have budgeted some amount of money for food, clothings and other items, others haven’t made up their minds yet because of one financial constraint or the other.

    However, the cost of these items also contribute to the constraints some people are facing.

    Mrs. Ruriat Kalesanwo said the same quality of lace which  she bought for N15,000 last year, has increased to N17,000.

    “I have noticed that the difference in price is much. I thought it would not be more than N500”.

    For Mrs. Abiodun Muritador, prices of items are more than what she can afford.

    “I hope after now, items would be more affordable, so that people like me can go home with something. I couldn’t buy anything today. What I budgeted for wears is quite low to the price of things in the market.”

  • Jumia holds online conference

    Online retailer Jumia gathered decision makers to discuss online shopping development. TONIA ‘DIYAN was at the event.

    JUMIA, Nigeria’s lead-ing online retailer, has held the maiden online conference.

    The event, which took place at the Oriental Hotel, Victoria Island, Lagos, had in attendance e-Commerce influencers and decision makers. They discussed the opportunities that online shopping has for the retail market as well as the ways forward in the market.

    The special guest was Minister for Communications Technology Mrs. Omobola Johnson, who delivered the keynote address on e-Commerce and ICT in Nigeria: an Engine for Job Creation and Economic Growth.

    Other speakers were Mr Randy Buday MD of DHL Nigeria; Tayo Oviosu CEO of Pagatech; Titilola Shogaolu Chief payment& Value added Services Officer, Interswitch; Rolayo Akhigbe Divisional Head, Transaction branding, First City Monument Bank; Ekundare Olubunmi Country Manager, Intel West Africa; Tunde Kehinde MD/Co-founder Jumia.com; Raphael Afaedor MD/Co-founder Jumia.com and Ercin Eksin Head of Operations, Jumia.com.

    In her speech, Mrs. Johnson addressed the possibilities that abound in the new technological developments.

    “First, I will like to praise Jumia.com for a well organised event, the first e-commerce conference in Nigeria. The ICT industry is the primary driver of growth in the economy thanks to companies such as Jumia.com that have not only pioneered online retail trade in Nigeria, but also showed Nigerians worldwide that running such a business model within our shores is possible.

    “Online shopping has opened doors for the upcoming generation of young entrepreneurs, especially enterprises like Jumia.com which has provided a platform for young Nigerians to express their creativity while acting as a job creation engine to hundreds of them.”

    “These are the companies that have attracted important investors and have a great impact on Nigeria as a country and as a market place. In line with plans of the government at the federal level, we need companies that know how to make use of these developments to help reshape the economy.”

    Speaking also, Kehinde and Afaedor, said: “We pioneered the online retail market in Nigeria and it is great to see what significant impact this has brought to the economy as mentioned by our keynote speaker. We have shown it is possible and thought it was time to get various stakeholders onboard to discuss issues and ways forward for online shopping.”

    The event was followed by one of the finest fashion shows ever.

  • Ramadan takes toll on food vendors

    As Muslim faithful continue to observe the Ramadan fast, food vendors are lamenting low sales. TONIA ‘DIYAN, Azzan Olajumoke and Taibat Idowu spoke to some of them.

    It was past mid-day and Mr Seyi Oluwaseyi, a manager at Mama B Restaurant, Surulere paced around his restaurant. His eyes were focused on the road like he was expecting an important visitor. Few members of staff stood around, each one disappointed.

    The reason: low sales due to the Ramadan fast.

    He said: “Our food sales have been cut below half since the Ramadan fasting began, we can’t even cook the quantity of the food we used to because we don’t want food to waste. Most of our customers now eat once a day and they do that at home.”

    The Ramadan fasting, a yearly Muslim rite has been described as the most blessed period in the Islamic calendar. Muslims are required to fast from morning till evening and most of those who observe the fast usually join their families and friends to break in the evening. In breaking the fast, strict adherence to Islamic purity is also required to be observed.

    But while the Muslims are hopeful for divine blessing in the Ramadan month, food vendors and restaurant owners are counting their losses by the day. Due to the large number of muslims who observe the fast, eating in the afternoon and early evening which according to some of the food vendors are the peak sales period have reduced drastically and in some places cut in half.

    The Nation Shopping went around Lagos and spoke to several food vendors, many of whom complained bitterly about the loss of revenue occasioned by the Ramadan fast.

    Mrs. Omolara Akanni, who operates a local food canteen popularly referred to as ‘Mama Put’, said the fasting has dealt her a big blow.

    “Most of my customers are Hausa people and since the fasting began they only eat once and that is in the evening. They always break with their family so my business has been greatly affected,” Akanni said.

    The situation has also affected food hawkers. Risikat Karim said she walks around all day without making any appreciable sales. “In the sun and even under the rain, more than half of my customers are fasting. When the fast first started, about half of my food usually goes to waste but now, I only cook a fraction of what I used to cook, what I am sure of selling in a day,” she said.

    An attendant at Fatmot food canteen, Rashedat Afolabi said: “The Ramadan period has really reduced our sales because on a normal day the shop is always filled up and people would be coming and going, but because of the season the rate at which our foods sell has reduced.”

    But the sales glut is not limited to food vendors and canteen owners alone, big restaurants are also suffering the same fate. According to many of those sampled by The Nation Shopping, the Ramadan fasting has affected the food they sell including snacks.

    But not all the big restaurants have experienced financial loss due to food wastage, some have found an ingenious way of tackling the problems usually associated with Ramadan fasting. One of those who have devised a special means is Obinna Emeka, a manager at Mr. Biggs Restaurant in Surulere.

    “As a matter of fact, this season has affected our system. If we are to cook for 10 customers in the morning shift, we reduce it to five customers because we assume that five customers out of 10 are Muslims. The number of customers we serve at every shift has been cut in half, but because we have envisaged this we prepared before the fasting began, so, we were not caught by surprise,” Emeka said.

    Speaking further, he said the way out is to plan ahead of the fasting and if need be reduce the overhead cost. “When you plan ahead you will experience minimal loss in the Ramadan season.”

    While the big restaurants and eateries may have recorded a minimal level of loss due to the seasonal fast, there are some who said the season has had little effect on their sales.

    The manager at Dubenias Pizza, who preferred not to be named said: “The fasting has not really affected our sales but I believe we will make more if the people are not fasting. But the season has not really affected sales.”

    Shade Dairo, an attendant at Finicky Restaurant at Ojota, said sales have not changed. “Sales have not been so poor but there have been little changes. Some of our customers have not been patronising us and some of them that come don’t really buy.”