Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Asda like-for-likes fall 4.7% in ‘disappointing’ quarter

Asda’s like-for-like sales fell by 4.7% for the 11 week-period to June 30, following what boss Andy Clarke called “the worst storm in retail history”.

It follows a fall of 4% in like-for-like sales for the 15 weeks to April 19 and a drop of 2.6% for the 12 weeks to January 4.

There was no breakdown for sales in clothing business George for the quarter, which Clarke described as “disappointing, but a short-term picture”.

He said: “We continue to navigate a steady course through the worst storm in retail history, despite another challenging quarter. Predicting that 2015 was going to be a volatile year I didn’t expect to report a positive sales figure, but I’m not distracted by the short-term picture. We have an enviably stable business with balanced books and the right strategy to return us to sales growth.”

The retailer said it has started a substantial piece of research to understand what drives current buying decisions.

“It is prudent to take a look at the ever-changing shopping habits of today’s customers and accelerate the parts of the strategy that will make the most difference to them,” said Clarke.

@Tara_Hounslea

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.