Sundry Markets Achieves Remarkable Growth in Nigeria’s Food Retail Sector
Sundry Markets, a leading food retail company in Nigeria, has experienced a staggering 100% growth in its store count over the past five years, reflecting a significant surge in local investment within the food retail industry.
Recognition from Financial Times
The Financial Times has named Sundry Markets, known for its flagship Market Square Supermarket, among the “Top 50 Fastest Growing Companies in Africa” for the period of 2024-2026.
Expansion Across Nigeria
As Nigeria’s largest indigenous food retailer, Sundry Markets has expanded from a single store to over 40 locations within a decade, serving customers in 19 cities across 15 states. The company now employs more than 4,000 staff and caters to over 2 million customers each month.
CEO Celebrates Milestone Achievements
Ebele Enunwa, founder and CEO of Sundry Markets, highlighted the company’s journey during its 10th-anniversary celebration, themed “10 Years Strong: Powered by People, Driven by Purpose.” Enunwa remarked that the company has evolved significantly since opening its first store in Yenagoa, Bayelsa State, in 2015. By 2020, Sundry Markets had already reached 15 stores, a testament to its rapid growth over a short period.
Commitment to Community and Standards
Enunwa emphasized the need for standards in the grocery retail space, expressing his determination to provide a trustworthy shopping environment. He stated that the company’s mission has been to deliver affordable products in clean and aesthetically inviting spaces. He noted that while the initial phases posed challenges, including inconsistent electricity supply, the company has adapted and expanded to over 50,000 square meters of retail space.
Building for the Future
Looking ahead, Enunwa stated that Sundry Markets is committed to ensuring that every family in Nigeria has access to quality supermarket offerings. He indicated plans to embrace digital transformation, enhance customer experiences through technology, and integrate artificial intelligence into operations. Alongside these advancements, the company aims to deepen its engagement with local communities through various initiatives, including educational scholarships and healthcare support.
Board Chair Highlights Journey of Resilience
Charles Odita, Chairman of the Sundry Markets Board of Directors, reflected on a decade of resilience and growth. He highlighted the company’s commitment to redefining the retail experience in Nigeria, focusing on providing high-quality products and exceptional customer service. Odita acknowledged the strategic partnerships with over 500 suppliers, which bolster local businesses and contribute to job creation in the region.
Future Growth and Commitment to Excellence
Nnamdi Opara, executive director of Sundry Foods, noted that the company is on track to reach 100 stores within the next five years. He underscored a collective vision and cultural alignment between Sundry Markets and Sundry Foods. Employees, like Cynthia Esonwune from the Odili Road branch, attested to the company’s strengths in fostering job security and employee growth. Overall, Sundry Markets is well-poised for continued growth, as it remains dedicated to serving its communities and enhancing the retail landscape in Nigeria.
