Press Centre

Today, Wal-Mart Stores, Inc. (NYSE: WMT) today announced a series of leadership moves in its International division.

Andy Clarke, President and Chief Executive Officer at Asda, has decided the timing is right to step aside from his role with the company. Over more than 20 years with Asda, and the last six as CEO, Andy has been a key contributor to Walmart’s success in the U.K., one of the world’s most competitive retail markets. Andy and his leadership team have played a key role in several innovations in the marketplace, such as grocery home delivery and pickup. He has also served as a strong leader for the business during a time of increased competition and heightened customer expectations.

Andy will remain with the business until the end of July, at which point he will serve as an advisor for the remainder of 2016. He will also retain his current role as Asda’s representative in certain functions, namely as president of the IGD, a research and training charity which provides information and best practice to the global food and grocery industry.

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Posted in Press Centre on 13 June 2016
Press Centre
  • The average UK household had £201 a week of discretionary income in May – £13 more than in May 2015
  • Year-on-year growth in spending power has now remained in double digits for over 18 months
  • It is the second consecutive month discretionary income has reached £200 or over and – the highest amount recorded since the Asda Income Tracker was established in 2008
  • The impact of the National Living Wage, coupled with the falling cost of essentials, provided an additional boost to families’ bank balances
    UK families enjoyed another increase in spending power last month, as weekly discretionary income for May reached £201 – an all time record high for Asda’s monthly Income Tracker.

The latest data revealed that family spending power rose by £13 (7.2%) a week, compared to the same month last year – the highest rate of growth since November 2015. This increase also marks the 19th consecutive month that the growth in discretionary income has remained in double digits.

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Posted in Press Centre on 21 June 2016