• About Us
  • Contact Us
  • Privacy & Policy
Saturday, March 7, 2026
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

High Cost, Low Sales: Supermarkets Hit Hard by Consumer Shift to Wholesale Markets as Inflation Worsen

Vincent Amadi by Vincent Amadi
February 27, 2025
in Economy, News
Reading Time: 5 mins read
A A
0
High Cost, Low Sales: Supermarkets Hit Hard by Consumer Shift to Wholesale Markets as Inflation Worsen
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram

Before the Nigerian economy took a sharp and sustained downturn, shopping at superstores was not just about purchasing essentials; it was a lifestyle that many Nigerians indulged in with pleasure.

These large retail outlets became more than just places to buy groceries; they were spaces where people took photos to show-off their day’s activities or simply enjoy some leisure time.

The long queues at these stores were almost a given, with customers patiently waiting their turn at the cash registers, often wondering how long it would take to get through.

However, a recent visit by journalists to various supermarkets and shopping malls paint a very different realistic picture from the bustling activity of the past. The once busy malls, packed with shoppers looking for deals and essentials, are now noticeably less crowded.

The era of Nigerians flocking to big malls and supermarkets for basic needs seem to be over. Instead, more people are turning to local wholesale shops, where they can buy the same goods at lower prices and avoid the lengthy queues.

Mrs. Akinade Temitope, a banker, shared her experience of how she now prefers to shop at local stores rather than the big supermarkets she used to frequent.

“Everybody knows the prices of goods in the market are high,” she said. “But when you go to some supermarkets, it is ridiculous. Up to the price of bread, which is sold for N1,200. In bakeries outside supermarkets, the size of bread goes for N800. Who would know such and still decide to patronize the former?”

She went on to highlight the price differences that drove her away from shopping malls. “Ordinary Maggi small sachet is N380 in supermarkets, and a roll of 10 is N3,800 when I can get such at N3,000 in local shops.

“With the way businesses are crawling, salaries not increasing, and expenses piling up every day, one will need to change lifestyle.

“So, I decided to stop visiting the shopping malls and instead get my groceries at cheap prices in wholesale stores. This simple change in lifestyle has helped me cut costs a lot.”

Mrs. Monica Adams, a teacher who used to shop at supermarkets every weekend, echoed a similar sentiment. She now opts for smaller local shops, where she can buy her groceries in smaller quantities at more affordable prices.

“Before, I shopped in malls and supermarkets. But now, I don’t because of the rise in prices; I just decided to patronize local stores.

I can’t even buy the large quantity of food items I usually buy in these malls anymore. Now I just purchase what my money can afford.”

She also mentioned that the queues in these malls, particularly on weekends, have dwindled. “Those queues in the shopping malls and supermarkets, especially on the weekends, have reduced. Try to visit one, and you will see for yourself,” she added.

Yet, despite the shift in shopping habits, some people still frequent supermarkets for items that are hard to find in local stores.

Mr. Victor Oshinaike is one of those individuals. “I only visit the supermarket whenever there is an item I can’t find in the local market,” he explained. “I am a top fan of supermarkets because I don’t like moving about the local markets to get different items. But I don’t mind moving now to cut costs.”

He also emphasized how everyone, regardless of their gender, is now concerned with saving money, “it is before people say men don’t price. Now men are very conscious of the prices of goods and also look for where to get these goods at a very cheap price. There is no rich man in Nigeria; the rich also cry.”

Miss Kenny Boma, a pharmacist, also shared how her family had to change their shopping habits due to the rising costs.

“My family and I have shopped for groceries every month in shopping malls for years now, but for two months, we have not been able to do so anymore.

We now go to local markets to get things needed and manage. Apart from the cost, nobody has spare cash to do lots of shopping these days. Everyone is managing. They only go for basic things now.”

The story of reduced patronage extends beyond supermarkets to bakeries as well.

Shalewa Ogunsanya, a hair vendor, recounted her recent experience. “The queue in shopping malls used to give me trauma. For so many reasons, I hated it there, but they are the only stores where you can find all your groceries at once. I went to a particular one last week and was worried about the queue. To my surprise, there was no one in the queue when I got to the cashier’s counter.”

Curious, she asked the cashier why there were no crowds on a weekend, to which the cashier replied, “Things are so expensive, and not everyone can afford them in this economy. We are also being affected by poor sales too.”

Shalewa’s experience didn’t end there. She later visited a popular bakery known for its large customer base. “I visited a popular bakery to buy bread the same day. This bakery was also filled with customers who were always in queue. But that day, there was nothing as such. The attendant told me that they have even reduced their production size to avoid losses.”

It is clear that Nigeria’s economic challenges are not only affecting individual households but also the businesses that rely on consumer spending.

As prices continue to rise and incomes remain stagnant, Nigerians are being forced to make difficult choices in their spending habits.

The allure of big shopping malls and supermarkets is fading as more people turn to local stores in search of better deals and fewer queues.

While some may still frequent supermarkets for hard-to-find items, the general trend suggests that Nigerians are becoming more frugal in their shopping habits, focusing on essentials and seeking ways to stretch their limited resources.

The shift in consumer behavior is a direct result of the ongoing economic downturn, and it seems unlikely that the situation will change anytime soon. As Mrs. Temitope pointed out, “With businesses crawling, salaries not increasing, and expenses piling up every day, one will need to change lifestyle.” For many Nigerians, that change has already begun.

Vincent Amadi

Vincent Amadi

Related Posts

Naira gains against US dollar significantly
Economy

Naira hits highest single-day depreciation against US dollar

3 days ago
Abia Rep member defects to Labour Party
National

Abia Rep member defects to Labour Party

3 days ago
Naira gains against US dollar significantly
Economy

Naira records straight three days depreciation against US dollar

1 week ago
Naira ends week on positive note against dollar
Economy

Naira will appreciate to N1,000 per dollar in coming weeks – Tinubu

1 week ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Christians being killed everyday in Nigeria – US lawmaker, Rep Moore insists
International

They’re forcing Christians to convert or die – US lawmaker reacts to Adamawa terrorists’ attack

1 day ago
Nigeria and Brazil to sign MoU on direct flight
National

OPL 245: Tinubu resolves 15-year dispute over Nigeria’s largest untapped oil block

1 day ago
Electoral Act does not benefit Nigerian masses, only politians – IPAC
National

Electoral Act does not benefit Nigerian masses, only politians – IPAC

1 day ago
Edo Decides: Aisha Yesufu Slams Governor Obaseki for Crying Over Election Results
National

ADC has 200 million supporters, APC has 30 govs – Aisha Yesufu

1 day ago
2027: Murray-Bruce defection to APC not surprising – Dele Momodu
National

2027: APC trying to make Tinubu only one on ballot – Dele Momodu

1 day ago
EPL: Why we lost 2-1 to Newcastle – Man Utd coach Carrick, explains
National

EPL: Why we lost 2-1 to Newcastle – Man Utd coach Carrick, explains

2 days ago

POLITICS

Electoral Act does not benefit Nigerian masses, only politians – IPAC

Electoral Act does not benefit Nigerian masses, only politians – IPAC

1 day ago
Edo Decides: Aisha Yesufu Slams Governor Obaseki for Crying Over Election Results

ADC has 200 million supporters, APC has 30 govs – Aisha Yesufu

1 day ago
2027: Murray-Bruce defection to APC not surprising – Dele Momodu

2027: APC trying to make Tinubu only one on ballot – Dele Momodu

1 day ago
Nigeria’s democracy now a joke – Mahdi Shehu laments over by-elections

Mahdi Shehu knocks PDP over Dauda Lawal’s next political move

2 days ago
Governor Mutfwang Dissolves Local Government Transition Committee in Plateau State

2027: We have no real opposition in Plateau – Gov Mutfwang boasts

2 days ago
I will never betray my predecessor – Gov Buni declares

I will never betray my predecessor – Gov Buni declares

3 days ago

YOUR ECONOMY

Naira gains against US dollar significantly
Economy

Naira hits highest single-day depreciation against US dollar

3 days ago
Naira gains against US dollar significantly
Economy

Naira records straight three days depreciation against US dollar

1 week ago
Naira ends week on positive note against dollar
Economy

Naira will appreciate to N1,000 per dollar in coming weeks – Tinubu

1 week ago
Dangote Refinery Petrol Price Drops as Direct Fuel Distribution Begins September 15
Economy

Dangote Refinery eyes depot owners, major marketers in new marketing strategy

2 weeks ago
28 ships loaded with fuel, waiting to berth at Lagos ports
Economy

28 ships loaded with fuel, waiting to berth at Lagos ports

2 weeks ago
Naira gains against US dollar significantly
Economy

Naira gains against US dollar significantly

3 weeks ago

E & P

LaLiga: Ighalo confident Lookman will excel under Simeone at Atletico Madrid
Sports

LaLiga: Ighalo confident Lookman will excel under Simeone at Atletico Madrid

by Steven Atogi
2 weeks ago
0

Former Manchester United striker, Odion Ighalo has expressed confidence that Ademola Lookman will excel under manager Diego Simeone at Atlético...

It’s the toughest season of my career, says Pep Guardiola of Man City

EPL: Three managers shortlisted to replace Guardiola at Man City

1 month ago
Transfer: Ademola Lookman lands in Madrid ahead of medicals

Transfer: Ademola Lookman lands in Madrid ahead of medicals

1 month ago
AFCON 2025: Ighalo faults Diaz’s Panenka penalty against Senegal

AFCON 2025: Ighalo faults Diaz’s Panenka penalty against Senegal

2 months ago
Why I won’t coach Mali again — Chelle

Why I won’t coach Mali again — Chelle

2 months ago
AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final

AFCON 2025: Super Eagles Ndidi, Alebiosu ruled out of Semi final

2 months ago

YOUR THOUGHT & HISTORY

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’
National

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’

by Steven Atogi
5 months ago
The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour
Opinion

The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour

by Odini Brains
5 months ago
HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE
Opinion

HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE

by Odini Brains
6 months ago
Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents
National

Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents

by Odini Brains
6 months ago
The Rise And Fall Of Sports Institute, Isaka
Columns

The Rise And Fall Of Sports Institute, Isaka

by Tammy Opoki
7 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Christians being killed everyday in Nigeria – US lawmaker, Rep Moore insists

They’re forcing Christians to convert or die – US lawmaker reacts to Adamawa terrorists’ attack

March 6, 2026
Nigeria and Brazil to sign MoU on direct flight

OPL 245: Tinubu resolves 15-year dispute over Nigeria’s largest untapped oil block

March 6, 2026
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address