Press Centre
  • Unleaded falls to 129.7p per litre, diesel falls to 134.7p per litre
  • Prices fall 11p since their peak in April

Asda announced today that from tomorrow (Tuesday May 12) it is cutting up to 3p a litre from the price of both unleaded and diesel, making fuel prices the lowest they have been in over a year.

An ease in global oil prices coupled with the supermarket’s ongoing commitment to help lower the cost of living will be good news for hard pressed motorists. The move from Asda is the latest price means its fuel prices have cumulatively dropped by up to 11p since their peak in April.

From tomorrow (Tuesday) drivers filling up at any of Asda’s 195 forecourts nationwide will pay no more than 129.7 pence per litre for unleaded and 134.7 pence per litre for diesel.

Andy Peake, Asda’s director of petrol trading, said: "Motorists will be pleased to know fuel is now at the lowest price in over a year as prices have fallen 11p since their peak in April.

“Unlike other retailers, our price cuts benefit everyone across the country, meaning that no-one filling up at Asda will be forced to pay a premium for their fuel.”

Asda is unique amongst supermarkets and oil companies by setting a maximum national price cap for its customers wherever they live – others rely on high prices at filling stations with no local competition to fund phoney price drops elsewhere. That clear policy is what lies behind the AA’s confirmation that towns with an Asda are likely to have Britain’s lowest petrol prices.

Back in March Asda launched a new petrol price comparison site www.asda.com/petrol, powered by independent price checker www.petrolprices.com, to enable drivers across the UK to find the lowest priced fuel before they fill up. The supermarket aims to save Britain’s 38m drivers millions of pounds at the pumps each year by publishing the highest, lowest and average prices in every one of the 195 towns in which it operates a filling station.

Posted in Press Centre on 11 June 2012
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This agreement represents a huge step forward in the progressive relationship between GMB and Asda says Paul Kenny GMB General Secretary

This is a ground breaking agreement that brings our practices up to date and creates the framework for the way Asda Distribution and GMB will work together says Ian Stansfield, Director of Distribution at Asda

Leaders of the GMB and Asda’s distribution network have today signed a national two year agreement that will benefit colleagues in 20 Asda depots in England, Scotland and Wales.

The signatories are Paul Kenny GMB General Secretary, Mike Gooddie, Director of Industrial Relations at Asda, Ian Stansfield Director Distribution Asda and Mick Rix GMB National Officer.

The agreement will provide a national framework agreement for over 10,000 GMB members in employed in transport and warehouse operations in 20 Asda depots.

The agreement comes after 14 months of negotiations and consolidates the constructive relationship that has developed between Asda Distribution and GMB in recent years.

GMB members voted overwhelmingly in favour of the proposals in May, which offer Asda distribution workers greater job security as a result of improved productivity and efficiency in depots, as well as an industry leading focus on Health and Safety.

Paul Kenny GMB General Secretary said “This agreement represents a huge step forward in the progressive relationship between GMB and Asda. The growing confidence in the benefits collective bargaining can bring to productivity, staff retention, growth and positive and stable industrial relations is there for all to see following all the hard work of all the parties involved over the past few years.

We have laid solid foundations and we must now work to build on this agreement which is a great success story for Asda and GMB”

Ian Stansfield, Director of Distribution at Asda said; “This is a ground breaking agreement that brings our practices up to date and creates the framework for the way Asda Distribution and GMB will work together. It secures jobs, supports growth and ensures our operation is a efficient as possible at a time when our customers are relying on us more than ever to save them money everyday. More importantly, this agreement is based on solid foundations built in recent years and I look forward to a strong and productive relationship with the GMB.”

Mick Rix GMB National Officer for Asda said “This agreement is truly ground breaking and historic. The agreement delivers a new relationship of working together to enhance the job security of GMB members, enhances their skills and has created a benchmark in terms of health and safety that will move standards in this highly complex logistics sector where safety is paramount to new levels.”

Posted in Press Centre on 12 June 2012
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(Asda’s fashion brand George opens first pilot franchise store in Jersey)

One of the United Kingdom’s largest volume retailers will open in Liberty Wharf tomorrow (Thursday). George, Asda’s clothing retailer specialise in quality, style and value in women’s clothing, men’s clothing, children’s clothes, school uniforms, baby clothes and shoes. The store will be located within the Waterfront’s Liberty Wharf shopping complex creating 25 new roles and taking up three of the largest remaining retail units.

Jersey’s largest retailer, SandpiperCI, jointly announced with Asda earlier this year that they would be one of the first organisations in the world to run a pilot George franchise. The 6000 sq ft store will open in the historic ornate granite building at 10:00am tomorrow (Thursday).

SandpiperCI CEO, Tony O’Neill said: “This really is the right time to be opening a George store in Jersey, shoppers are looking for real value in the current economic climate. George’s award-winning designs at customer-winning prices are going to be very popular with all Jersey consumers, particularly families with children.”

Kevin Rusling, Director of George International comments: “We’re thrilled to be opening our very first pilot franchise store in Jersey. Shoppers everywhere are looking for the highest quality at the most affordable prices and that’s exactly what the new George store will be offering. Sandpiper is one of the most respected franchise partners in the world, we wish them every success with George.”

The new store will open with a flurry of activity which will include guest appearances from: Peppa Pig, Sponge Bob, various performers and the amazing shop-floor human mannequins!

George will be open Monday to Saturday, 9am-6pm and Sunday from 10am-4pm

Posted in Press Centre on 21 June 2012
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  • Share ownership scheme has now delivered over £530 million for colleagues since it was first launched in 1982
  • Announcement follows last week’s Employee Benefits Award for the “Most effective all-employee share scheme”

Today, 17,698 Asda colleagues are set to pocket a record £50.9 million as a three-year Walmart Sharesave scheme matures.

This year’s payout, the biggest on record for colleagues, will see those saving £50 a month receive more than £2,808, over £1,008 more than their original investment of £1,800. Colleagues who have saved the maximum amount of £250 a month will take home £14,008, over £5,008 more than their original investment of £9,000.

The scheme, which is celebrating its 30th anniversary this year, allows colleagues to set aside £5 to £250 per month for a three year period, at the end of which they receive a tax free bonus and an opportunity to buy Walmart shares at a 20 per cent discounted price. Colleagues are then able to sell the shares at market rate, giving them the opportunity to benefit from an additional dividend on top of their savings.

Since launching back in 1982, Asda colleagues have shared over £530 million through the scheme.

Hayley Tatum, Executive People Director at Asda, said:

“Our in-store and depot colleagues are the heart of our business and work tirelessly, week-in week-out, to serve the 18 million customers that visit us each week.

“Giving our colleagues the chance to have a stake in the company is just one of our ways of saying thank you and a great way to ensure that they share in the success that their hard work has achieved.”

The most popular choices for colleagues to spend their windfalls on remain foreign holidays, weddings and home improvements.

Carol Davinson, who has worked at Asda Dewsbury in Yorkshire for over ten years, will be using her Sharesave money to take her family down to Plymouth to see her son, James, at his passing out parade for the Royal Marines.

Lisa Hughs, from Asda Pwllheli in Wales, has worked at Asda for over four years and will be putting her Sharesave money towards a family holiday to Disneyland Paris.

Lisa said: “I have been saving through Sharesave for the last three years and this maturity couldn’t have come at a better time. I’ve recently split up with my husband after fourteen years and will be using the money to take my three young kids to Disneyland to help take our mind off things – I literally can’t wait!”

The Sharesave maturity comes after Asda was awarded the Employee Benefit Award for the most effective all-employee share scheme strategy’ [Thursday, 31st May]. The award, which was accepted by members of the Asda Sharesave Team, recognised Asda’s commitment to encouraging colleagues to take up the Sharesave scheme and opportunity to save.

Posted in Press Centre on 21 June 2012
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UK families £4 a week worse off in May 2012 than a year earlier

  • UK families were £4 a week worse off in May 2012 compared to the same month a year earlier, the smallest annual decrease since November 2010
  • Average UK household had £146 a week of discretionary income in April, 2.4 per cent lower than a year earlier
  • Improvements driven by low inflation but uncertainty in wider economy and labour market continues to cause concern

The latest Asda Income Tracker has revealed that family spending power fell by £4 a week in May 2012 –the lowest rate of year on year decline since November 2010.

According to the latest figures, the average UK family has £146 of weekly disposable income available to them, 2.4% down on the same period last year and the smallest annual decrease since November 2010.

The slight improvement in disposable income recorded for May 2012 is largely driven by lower levels of inflation putting less of a squeeze on family budgets. Annual CPI inflation fell to 2.8 percent in May, the lowest level since November 2009.

On a positive note, key items such as food and fuel have seen lower levels of inflation than previous months – with prices up 3.3% and 0.8% respectively compared to the same time last year. However annual inflation on utilities such as electricity and gas remain stubbornly high at 8.0% and 15.4%. Linked to this, the cost of housing and household services contributed a significant 0.8 points to May’s overall inflation rate.

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Posted in Press Centre on 22 June 2012
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Unleaded drops to 127.7per litre. Diesel to 132.7p

Asda is yet again leading the way on passing savings from falling oil prices to its customers by knocking up to 2p off its fuel prices – no strings attached.

From tomorrow (Tuesday, 26th June 2012) customers at any of Asda’s 196 petrol stations will pay no more than 127.7p per litre of unleaded and 132.7p per litre for diesel. This is the lowest price for a litre of fuel since February 2011.

The latest cut means Asda has shaved a massive 14p off the cost of a litre of fuel since the end of April, reducing the cost of filling up a family car by almost £10*. The drop will be a welcome relief for motorists as the latest Asda Income Tracker shows the average family had £4 per week less disposable income in May 2012 than a year ago.

What’s more – Asda customers can benefit from these low prices with no strings attached – no voucher required, no spending a fortune at the checkout to claim a saving at the pumps.

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Posted in Press Centre on 25 June 2012