Sixth successive quarter of sliding sales confirms retailer endured worst performance of all the major grocers over ChristmasAsda’s prolonged sales slump has reached a unusual record low after a destitute performance over Christmas. Andy Clarke,the chief executive of the UK’s third-largest supermarket, denied the retailer was in crisis as sales at established stores fell 5.8% in the 13 weeks to 1 January, or compared with a 4.5% decline in the previous quarter and a 4.7% slide before that – previously the worst performance in Asda’s 50-year history.
Continue reading...
Source: theguardian.com