Asda Reports First Sales Rebound in Over Two Years
UK supermarket chain Asda announced a return to sales growth following a prolonged period of decline, marking a potential turning point for the retailer. However, executives cautioned that the business remains in the early stages of a broader recovery.
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Asda Recovery Elusive With Ninth Straight Quarterly Sales Drop
Asda reported another quarter of declining sales but said demand in recent weeks has started to pick up at a grocer that’s still only “in the foothills of recovery.”
By Maddie Parker
Read full article →Asda returns to growth after more than two years
Chair Allan Leighton says lower prices and an improved online service are attracting more shoppers Asda has heralded its first quarterly growth in more than two years as the supermarket’s boss said it was attracting more shoppers with lower prices and an improved online service. Allan Leighton, the executive chair of the UK’s third-largest grocer, said a 0.2% rise in sales at established stores, excluding fuel, in the three months to the end of June was “a huge milestone” which was “psycholog...
By Sarah Butler
Read full article →Asda ‘still in foothills of recovery’ despite sales rebound, says boss
Allan Leighton also indicated the supermarket giant is roughly a third of the way through its major turnaround process.
By Henry Saker-Clark
Read full article →Coverage Timeline
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