FoodCo Nigeria Limited, has launched its first purpose-built convenience outlets, tagged: ‘FoodCo Quick Shop,’ with two new outlets in Ibadan, Oyo State. This extends the brand’s footprints to 11 across the country.
Speaking on the launch, Chief Executive Officer, FoodCo Nigeria Limited, Ade Sun-Basorun, stated that the two new outlets were designed to bring organised retail ‘closer home,’ in order to address the challenges of proximity, “and limited options for top quality products customers typically contend with while shopping in neighbourhood stores.”
He expressed delight about the launch of the two outlets, adding that “our model neighbourhood convenience stores where community members can readily dash in for their everyday essentials such as groceries, fruits and vegetables, toiletries, meals and pastries.”
“We continue to make these investments, despite the challenging economic climate particularly in the face of the COVID-19 pandemic, because we are a proud Nigerian brand vested in the growth of the country’s organised retail sector.
Sun-Basorun stressed further; “After 38 years of serving this market, we have come to share a bond with our customers and understand their yearning for easy access to the convenience and friendly service that organized retail offers, which also informs our strides.
“Nigeria’s consumer goods ecosystem is constantly evolving and the huge working-class populations as well as the young demography amongst other factors are springboards that are enabling sectoral growth of the retail space.
In addition, the industry is expanding access to market opportunities for small and medium-sized businesses across the country. This places a burden on operators to harness the opportunities in order to deepen the growth of Nigeria’s formal retail sector,” the statement read.