• About Us
  • Contact Us
  • Privacy & Policy
Wednesday, March 25, 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

2027 ELECTIONS: FG behind our party crisis —PDP alleges
National

PDP crisis: We invited Turaki faction to submit to us – Wike faction

18 hours ago
Wike Challenges ADC Leaders to Show Scorecard Ahead of 2027 Elections 
National

2027: Opposition cannot defeat Tinubu in FCT – Wike

6 days ago
Naira ends week on positive note against dollar
Economy

Naira makes significant appreciation against US dollar

1 week ago
2027: APC afraid of ADC – Salihu
National

2027: APC afraid of ADC – Salihu

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

Nigerian Troops Eliminate Key Boko Haram Commander in Borno Operation
National

Nigerian troops arrest suspected terrorists’ informant

18 hours ago
Port deal with UK not beneficial to Nigeria – Economist, Akpan Ekpo
National

Port deal with UK not beneficial to Nigeria – Economist, Akpan Ekpo

18 hours ago
Fuel Price Hike: Not our fault – PETROAN
National

Fuel Price Hike: Not our fault – PETROAN

18 hours ago
2027 ELECTIONS: FG behind our party crisis —PDP alleges
National

PDP crisis: We invited Turaki faction to submit to us – Wike faction

18 hours ago
2027: Those planning to rig Abia governorship election should write their wills – Otti
National

Otti has slim chances of re-election – Abia APC

18 hours ago
Osun 2026: Oyebamiji, Accord fight over alliance to Tinubu
National

Osun 2026: Oyebamiji, Accord fight over alliance to Tinubu

2 days ago

POLITICS

2027 ELECTIONS: FG behind our party crisis —PDP alleges

PDP crisis: We invited Turaki faction to submit to us – Wike faction

18 hours ago
Osun 2026: Oyebamiji, Accord fight over alliance to Tinubu

Osun 2026: Oyebamiji, Accord fight over alliance to Tinubu

2 days ago
We’re collaborating with Kwankwaso to get Nigeria back on track — Peter Obi

We’re collaborating with Kwankwaso to get Nigeria back on track — Peter Obi

2 days ago
PDP crisis: Olawepo-Hashim calls for urgent reconciliation

2027: APC can’t score 20 per cent in free, fair elections – Olawepo Hashim

2 days ago
War: How we’ll open Strait of Hormuz – Trump

War: How we’ll open Strait of Hormuz – Trump

4 days ago
2027 ELECTIONS: FG behind our party crisis —PDP alleges

Global Terrorism Index: APC govt partying while Nigerians bleed – PDP

5 days ago

YOUR ECONOMY

Naira ends week on positive note against dollar
Economy

Naira makes significant appreciation against US dollar

1 week ago
Nigeria’s Economy Not Well Equipped for Subsidy Removal – Economist Warns Against Monopoly
Economy

FG suspends petrol import licences twice in two months

2 weeks ago
Oil price: There’ll grave consequences – Saudi Arabia warns
Economy

Oil price: There’ll grave consequences – Saudi Arabia warns

2 weeks ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Why Dangote refinery increased fuel price by N396 per litre within a week – Bird

2 weeks ago
Naira gains against US dollar significantly
Economy

Naira hits highest single-day depreciation against US dollar

3 weeks ago
Naira gains against US dollar significantly
Economy

Naira records straight three days depreciation against US dollar

4 weeks ago

E & P

Mikel Arteta
Sports

Carabao Cup final: Arteta’s Arsenal loses 2-0 to Man City

by Steven Atogi
2 days ago
0

Former Liverpool midfielder, Jamie Redknapp, has criticised Arsenal manager Mikel Arteta over his decision to start Kepa Arrizabalaga ahead of...

EPL: Super Eagles star Aina wins first POTM award

EPL: Super Eagles star Aina wins first POTM award

1 week ago
LaLiga: Adams excited after ending goal drought at Sevilla

LaLiga: Adams excited after ending goal drought at Sevilla

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

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

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

EPL: Three managers shortlisted to replace Guardiola at Man City

2 months ago
Transfer: Ademola Lookman lands in Madrid ahead of medicals

Transfer: Ademola Lookman lands in Madrid ahead of medicals

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
6 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
6 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
7 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
7 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

Nigerian Troops Eliminate Key Boko Haram Commander in Borno Operation

Nigerian troops arrest suspected terrorists’ informant

March 24, 2026
Port deal with UK not beneficial to Nigeria – Economist, Akpan Ekpo

Port deal with UK not beneficial to Nigeria – Economist, Akpan Ekpo

March 24, 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