ASSESSMENT OF THE ECONOMIC IMPACT OF THE DEVELOPMENT OF SHOPPING MALL ON THE EXISTING RETAIL BUSINESS IN ENUGU METROPOLIS (A CASE STUDY OF SHOPRITE ENUGU)

  • Type: Project
  • Department: Economics
  • Project ID: ECO0887
  • Access Fee: ₦5,000 ($14)
  • Pages: 33 Pages
  • Format: Microsoft Word
  • Views: 319
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

BACKGROUND OF STUDY

Retail in Nigeria was once confined to traditional open markets and small local storekeepers loosely referred to as the informal retail sector of the Nigerian economy which serviced communities. Between 1960 and the early 1980s, there were standard retail malls which operated chain stores across the country; their number reduced because of the harsh business environment and the decline in business in that era, leaving the country without standard malls for retail business.

This gap led to the growth of the informal or traditional retail market, which traditionally constitutes a formidable part of the retail structure in Nigeria.

Today, Nigeria is experiencing a tremendous shift to a more sophisticated structure as formal or organized retail continues to gain ascendency. The distribution chain and the organization of outlets continue to reflect those of a rapidly evolving economy as standards of living improve and as the population continues to snowball. In the past eight years, Nigeria’s population has grown from 150 million, as established by the population census conducted in 2006, to a country with an estimated population of 171 million people by 2013. In the midst of this, the middle class continues to expand even as 51 percent of the country’s population now lives in cities.

The rise of organized retail has been rapid in Nigeria in the last two decades. NBS data shows that between 2001 and 2004, the wholesale and retail sectors grew by 10 percent per annum. By 2006, its contribution was 16 percent. In the first halves of 2011, 2012, and 2013, it contributed 15.58 percent, 17.05 percent, and 18.44 percent of GDP respectively. The old or traditional retail system which is adjudged to account for almost 90 percent of retail activity in Nigeria has continued to decline because of government’s policy, changes in the composition of Nigeria’s population, rising income level, and increasing sophistication of the Nigerian consumer. In the last decade, the stable political environment, consistently high oil prices, and rise in GDP have had a positive impact on per capita income, which has, in turn, moved more Nigerians into the middle class. Today, more families shop together and organized facilities which meet their need are attracting more shoppers. Therefore, the old or traditional structure of retail continues to give way to the new. 

ASSESSMENT OF THE ECONOMIC IMPACT OF THE DEVELOPMENT OF SHOPPING MALL ON THE EXISTING RETAIL BUSINESS IN ENUGU METROPOLIS (A CASE STUDY OF SHOPRITE ENUGU)
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Economics
  • Project ID: ECO0887
  • Access Fee: ₦5,000 ($14)
  • Pages: 33 Pages
  • Format: Microsoft Word
  • Views: 319
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Economics
    Project ID ECO0887
    Fee ₦5,000 ($14)
    No of Pages 33 Pages
    Format Microsoft Word

    Related Works

    BACKGROUND OF STUDY Retail in Nigeria was once confined to traditional open markets and small local storekeepers loosely referred to as the informal retail sector of the Nigerian economy which serviced communities. Between 1960 and the early 1980s, there were standard retail malls which operated chain stores across the country; their number... Continue Reading
    ABSTRACT This project work is a detailed study of co-operative organization with special attention to their contribution in the economic development of Enugu state. The major objectives of this study is to the area in which co-operative organization has bettered the lots of the people sustain their economic needs improve their standard of living,... Continue Reading
    ABSTRACT This project work is a detailed study of co-operative organization with special attention to their contribution in the economic development of Enugu state. The major objectives of this study is to the area in which co-operative organization has bettered the lots of the people sustain their economic needs improve their standard of living,... Continue Reading
    ABSTRACT This project work was written in an attempt to examine the contributions of partnership business to the economic development and growth of Nigeria . Enugu Metropolis was used as the case study. TABLE OF CONTENT Title page II Approval page III Dedication IV Acknowledgment V Abstract VI Table of content VII Chapter one 1.0 Introduction 1... Continue Reading
    ABSTRACT This project work was written in an attempt to examine the contributions of partnership business to the economic development and growth of Nigeria. Enugu Metropolis was used as the case study. TABLE OF CONTENT Title page                                                         II... Continue Reading
    ABSTRACT This research work studied the role of advertising in the marketing of new Businesses (A case study of Shoprite Enugu). New business like other businesses is faced with or centres on the quality of product to be given to the consumers. This study as carried out to an extent to which advertising is adopted by business in Enugu generally... Continue Reading
    ABSTRACT  This research work studied the role of advertising in the marketing of new Businesses (A case study of Shoprite Enugu). New business like other businesses is faced with or centres on the quality of product to be given to the consumers. This study as carried out to an extent to which advertising is adopted by business in Enugu generally... Continue Reading
    TABLE OF CONTENT DECLARATION ...................................................................................................................................... ii APPROVAL ............................................................................................................................................ iii DEDICATION... Continue Reading
    ABSTRACT This project work was written in an attempt to examine the contributions of partnership business to the economic development and growth of Nigeria. Enugu Metropolis was used as the case study. TABLE OF CONTENT... Continue Reading
    ABSTRACT With the current projections regarding the growth of Internet sales, online retailing raises many questions about how to market on the Net. While convenience impels consumers to purchase items on the web, quality remains a significant factor in deciding where to shop online. The competition is increasing and personalization is considered... Continue Reading
    Call Us
    whatsappWhatsApp Us