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Asda like-for-like sales fall 5.7%

Asda like-for-like sales fell by 5.7% for the three months ended March 30, following a like-for-like slump in the previous three months ended January 1 of 5.8%.

There was no breakdown of performance for its George clothing offer.

“The UK continues to struggle, due primarily to fierce competition. Improvements in price and product availability throughout the quarter were not enough to overcome traffic and food volume declines in our large format stores,” said Walmart’s chief financial officer Brett Briggs.

“However, Project Renewal remains a focus with the aim to simplify and strengthen the customer offer, reduce costs and drive sales. The cost analytics program, which is part of Project Renewal made good progress and delivered savings we were able to invest back into the business.”

Online Shopping- ASDA

Online Shopping- ASDA

Online Shopping- ASDA

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