Choppies Supermarkets, a leading retail chain in Southern Africa, has announced its intention to sell its Zimbabwean operations. The decision comes after a significant shift to the informal retail sector in the country over the past two years. This shift has resulted in a decline in formal retail sales, making it challenging for Choppies to sustain its business in Zimbabwe.
The informal retail sector in Zimbabwe has grown substantially due to various economic factors, including foreign currency shortages and high inflation. As a result, many consumers have turned to informal markets and street vendors for their daily essentials. Choppies, which has been operating in Zimbabwe since 2013, has struggled to compete with the informal sector, leading to the decision to exit the market.
The sale of Choppies’ Zimbabwean operations is expected to be completed in the coming months. The company has assured its employees and customers that it will ensure a smooth transition and minimize disruptions to its operations during the sale process.
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<p>The post Choppies Supermarkets to Exit Zimbabwe first appeared on Dandaro Online.</p>
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