Asda “on right track” but sales still falling
Asda's American owners believe the supermarket is now "on the right track" despite an 11th-consecutive quarter of falling sales.
The Leeds-headquartered business saw like-for-like sales fall 2.8% in the three months to March 31, compared with a 5.7% fall in the first quarter last year.
Sean Clarke was appointed as chief executive of Asda last June, joining from Walmart China, as the supermarket group sought to improve its fortunes after like-for-like sales slumped by 7.5%. Since then Asda has lessened the sales decline each q... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
