- 3.9% fall in like-for-like sales for the 15 weeks to 19th April as research shows 83% of customers are saving for a rainy day over spending disposable income.
- CEO and President Andy Clarke remains committed to five year strategy and won’t knee-jerk at the expense of long term profitability.
- He describes 2015 as ‘Most challenging year yet’ for UK supermarkets, but reinforces that Asda business remains balanced, healthy and sustainable.
Asda today unveiled its first quarter financial results 2015, posting a 3.9% fall in like-for-like sales for the 15 weeks to 19th April in a quarter that has seen unprecedented moves in the supermarket industry.
Speaking at an event in London this morning, Asda President and CEO of Asda, Andy Clarke reiterated his commitment to the company’s five year strategy to redefine value retailing in a challenging market.Read more