Asda put 'back on the right path' after winning back shoppers with price cuts
Asda put 'back on the right path' after winning back shoppers with price cuts"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
The UK’s third biggest supermarket, owned by US giant Walmart, has suffered more than big four rivals Tesco, Sainsbury and Morrisons as expanding German chains Lidl and Aldi have increased
their UK market share rapidly.
Asda, whose pre-tax profit fell by nearly 19 per cent to £791.7 million last year, said same-store sales excluding petrol were up 1.8 per cent in the three months to the end of June after
takings jumped by 16 per cent over Easter.
Walmart chief, Doug McMillon, said: “Customers are responding to investments in price and store experience by visiting more often and increasing their basket sizes.
"There’s still much more to be done but we’re clearly heading in the right direction.”
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You
can unsubscribe at any time. Read our Privacy Policy
Sean Clarke, former head of Walmart’s Chinese business brought in a year ago as Asda chief executive, said it had attracted 275,000 new customers in the second quarter.
See today's front and back pages, download the newspaper, order back issues and use the historic Daily Express newspaper archive.
Trending News
London st patrick's day parade route mappedTo pay tribute to the Irish Londoners who have supported the city throughout the pandemic, 11 key workers will be honour...
Gulbis, Chapman go on bowling bonanza against New TownAdSportCricketSportCricketNews HomeGood afternoon, Your ContentNewslettersMy saved ListAccount & SupportMy AccountContac...
Hedge Funder Cliff Asness Returns To Teach You About Health CareLibertarian hedge funder Cliff Asness, who we last saw thinking it was a good idea to pick a fight with union workers ov...
A Night of Mostly G Flat and B SharpANAHEIM — Say this for Kenny G: Though his music may lack gumption and daring, the man himself doesn’t. He may go down i...
Bush's AIDS Funding Proposal Gets Mixed Reviews | WFAE 90.7 - Charlotte's NPR News SourceUnited States & World Bush's AIDS Funding Proposal Gets Mixed Reviews By Brenda Wilson Published January 29, 2008 at 4:0...
Latests News
Effect of vitamin D on cognitive decline: results from two ancillary studies of the VITAL randomized trialLow vitamin D levels have been associated with cognitive decline; however, few randomized trials have been conducted. In...
Chile earthquake: Massive 6.8 magnitude quake strikes South American countryThe quake struck just off the coast of Los Lagos in the south of the country. According to the European Mediterranean Se...
This simple trick can help make your diet more planet-friendlyWASHINGTON: Want to eat healthier but struggling with it? Well, according to a new Tulane University study, it may be ea...
'Zero' song Mere Naam Tu: Shah Rukh Khan is here to bowl you over with his signature pose in this romantic number'Zero' starring Shah Rukh Khan, Anushka Sharma and Katrina Kaif is slated to release on December 21The first song from t...
Parker will get rid of 'interim' : college basketball: usc will name him its 19th basketball coach today.At USC’s season-ending basketball banquet two weeks ago, interim Coach Charlie Parker made a blunder when introducing At...