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  • Asda Foundation to donate £400,000 to local communities affected by floods
  • Parent company Walmart contributes $250,000 from the Walmart Foundation as part of the total fund
  • Local Asda stores to hold in-store fundraising collections

Today (Tuesday 11th February) The Asda Foundation is committing to lending its support to local communities affected by the floods with donations of up to £400,000.

Parent company Walmart have also contributed to the total fund with a donation of $250,000 from the Walmart Foundation to help people across the UK where flash flooding has forced thousands of people from their homes.

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Posted in Press Centre on 11 February 2014
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  • The average UK household had £160 a week of discretionary income in January 2014, up £3 a week year-on-year
  • Boosting family spending power in January was the fall in the rate of essential item inflation to 1.9% – the first time inflation has dropped below 2% in over 4 years
  • Other factors boosting discretionary income were falling petrol and diesel costs – down 1.8% year on year – and persistently low food price inflation (2%)
  • Although utility bills continue to put pressure on household finances, the rate at which these bills went up in January slowed on previous months as the effects of new government measures, introduced in the Autumn Statement took hold
  • The latest data also shows the first signs of a pick-up in pay growth (at 1% year on year), although a small rise in the rate of unemployment to 7.2% in the final three months of 2013, suggests the need for continued caution when it comes to the economic outlook for the year ahead

The latest Asda Income Tracker has revealed that family spending power increased by £3 a week year-on-year in January. The rise was driven by a fall in the rate of essential item inflation to 1.9%, the lowest rate in four years and below the government target of 2%.

Read more and see full report.
Posted in Press Centre on 20 February 2014
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Asda today unveiled its fourth quarter and full year financial results for 2013.

In Q4 Asda posted a fall in comparable sales of (0.1%); full year comparable sales were up 0.5%.

Speaking at an event in London this morning, Andy Clarke, President and CEO of Asda said: “It will come as no surprise that 2013 was a tough year for UK retailers and there’s little doubt that the UK retail market is undergoing significant and permanent structural change. Though the economy is showing signs of recovery, it is still susceptible to shocks and the benefit is not yet being felt right across the country. Yet, despite these continued challenging conditions, I am proud that Asda continued to drive volume growth and deliver great price, quality and service for our customers.”

Find out more and read the Walmart Results.
Posted in Press Centre on 20 February 2014