2016 profit and sales slump revealed by Asda
Profits and revenues at supermarket Asda slumped last year, in the worst year for Asda since it was taken over by Walmart.
In accounts filed at Companies House yesterday, Asda said that the grocery market as a whole has continued to experience low growth throughout the year, and competition in the sector has remained “intense”.
It said that delivering a low cost model and strengthening its core business. During 2016, opened eight new stores, including four superstores and four supermarkets, providing a total of 161,000 sq ft... 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...
