Sundry Market, Nigeria’s leading grocery retail company, has achieved over 100 percent shop growth in five years, signalling a significant increase in indigenous investment in the food retail sector.
Financial Times, the British newspaper, ranked Sundry Markets, owner of Marketsquare Supermarket, among the “Top 50 Africa’s Fastest Growing Companies 2024–2026.”
The company, described as Nigeria’s largest indigenous grocery retailer, grew from one to more than 40 stores in 10 years, expanding to 19 cities across 15 states and employing over 4,000 people who serve more than 2 million customers monthly.
The states include Kaduna, Borno, Abia, Lagos, Rivers, Bayelsa, Delta, Akwa Ibom, Ogun, Oyo, Edo, Anambra, Imo, Enugu and the Federal Capital Territory (FCT).
Ebele Enunwa, founder and CEO of Sundry Markets, said the company grew from a single store in Yenagoa, the capital of Bayelsa State, in 2015 to 15 stores in 2020 and to more than 40 in ten years.
He was speaking at the company’s 10th-anniversary gala, themed ‘10 Years Strong: Powered by People, Driven by Purpose,’ which was designed to celebrate the company’s 10 years of growth, impact, excellence, service, opportunity creation, and business expansion.
Enunwa said, “We celebrate not just the company but the vision that has grown into Nigeria’s largest grocery store. Ten years ago, Sundry Markets was only a dream. Today our markets have become a household name in many parts of the country.”
He noted that the company saw a situation in grocery retail “where standards were ignored and customers were forced
This post was originally published on this site.
