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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Marketsquare: A Decade of Bringing Modern Retail to Nigeria's Communities

From ThisDay · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

In-depth Named sources Outcome reported
  • Marketsquare, Nigeria's largest indigenous grocery retail chain, celebrates its tenth anniversary.
  • Founded in 2015, the company defied conventional wisdom by opening its first store in Yenagoa, Bayelsa State, instead of major commercial hubs.
  • Marketsquare now operates 41 outlets across 15 states, serving over two million customers monthly and employing more than 4,000 Nigerians.

Ten years ago, the idea of a major Nigerian grocery chain expanding beyond the primary commercial centers seemed ambitious. Nigeria's retail landscape was largely dominated by traditional markets and informal stores, with organized retail concentrated in Lagos, Abuja, and Port Harcourt. However, in 2015, Sundry Markets Limited launched its first Marketsquare store in Yenagoa, Bayelsa State, challenging this conventional thinking.

Today, Marketsquare stands as Nigeria's largest indigenous grocery retail chain, a decade after its unconventional start. The company now boasts a network of 41 outlets spanning 19 cities across 15 states. It serves over two million customers monthly and provides employment for more than 4,000 Nigerians, demonstrating resilience, vision, and disciplined execution.

The defining moment for Marketsquare was its decision to open in Yenagoa. Founder and CEO Ebele Enunwa recalls the frequent question, "Why Yenagoa?" His simple answer, "why not? Every community deserves access to quality living," reflects the company's philosophy. Marketsquare aimed to bring modern retail experiences to communities with limited access, believing quality retail should not be geographically restricted.

When Marketsquare entered the market, Nigeria's growing population and middle class presented a paradox for organized retail. Consumers faced challenges like inconsistent product availability and inadequate shopping environments. Marketsquare saw these issues as opportunities, setting out to create stores offering a cleaner, safer, and more reliable shopping experience while remaining affordable.

Why Yenagoa? My answer was simple โ€“ why not? Every community deserves access to quality living.

โ€” Mr. Ebele EnunwaExplaining the company's decision to open its first store in Yenagoa.
DistantNews Editorial

Originally published by ThisDay in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.