Market Research Reports - Ken Research Market Demand for Mixed Retail Stores in Nigeria | Page 2

format modern retailers that will be able to provide great deals of bargains to the consumers,
especially in harsh economic times such that the industry also does not face a situation where it
has to incur losses.
It is anticipated that the sales revenue from such stores will register an optimistic growth in the
coming years since major players in this channel are expected to begin their ventures as pure
internet retailers and thereby it is foreseen that an amplification of the internet retailing
operations is highly likely to supersede the existing physical stores; generating massive
revenues at the same time.
KONGA has been noticed to be the largest online mall in Nigeria, with which Yudala has lately
made an official agreement for a merger of operations which is expected to rather result in the
biggest organized retail and e-marketplace on the African continent, five years from now. This
strategic decision is anticipated to cause both companies leverage on the combined strengths
of both platforms, and is further expected to embolden the scope of variety stores in Nigeria
and end up delivering more valuable services to the Nigerian customers as well as merchants.
Hence, efficiency of this merger would ultimately generate the best shopping experience
imaginable for the Nigerians.
On a whole, the range of products and solutions on offer are expected to keep on booming by
simultaneously providing the customers and merchants with an access to a massive variety of
guaranteed quality offerings coupled with enhanced payment methods and thus, this industry
will surely flourish with ongoing innovations and developments as the years roll by.
To know more about the research report:
https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/variety-
stores-nigeria/144421-95.html
Related Reports:
https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/global-
retail-innovations-summary-of-innovations-in-a-compilation-of-innovations-in-the-retail-
industry-in/146628-95.html
https://www.kenresearch.com/consumer-products-and-retail/wholesale-and-retail/retail-
and-wholesale-global-market-report/143734-95.html
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Ankur Gupta, Head Marketing & Communications