Rise of Shopping Malls
Crave for quality and shopping experience in serene environments appear to be driving Nigerian consumers towards patronage of various shopping malls across the country.
Following the opening of more departmental stores in major Nigerian cities, especially; Lagos, Abuja, Ibadan, Port Harcourt and Kano, the markets are experiencing new purchasing trends as large number of consumers seem to have started readjusting to the new regime with little regard for open market.
While Miniso, Spar, Shoprite and Justrite are some of the leading retailers in Lagos, shoppers in Ibadan have FoodCo, a 38-year-old supermarket brand and Shoprite to contend with in the Africa second largest city. In Abuja, Kano, and Port Harcourt, Shoprite is though a dominance brand; it has many stores, especially Spar to slug it out with.
When Ikeja City Mall was established few years ago, there were mixed feelings on whether the environment was ready for such innovation.
But barely a month after it began operation, the impression changed as the mall suddenly became a Mecca of sort for shoppers.
Reports from Ilorin, Akure, Enugu where malls were recently inaugurated, have also indicated that Shoprite; a major tenant in the cities now realises between N100 million and N150 million sales on daily basis. This is not different from what the operators of similar malls in Port Harcourt and Calabar are experiencing on daily basis.
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Source: This Day, November 2018