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
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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
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  • The average UK household had £200 a week of discretionary income in April – £12 more than in April 2015 – and the highest figure recorded since the Asda Income Tracker began in 2008
  • Year-on-year growth in spending power has remained above £10 per week for a full year and a half, marking 18 consecutive months of double-digit growth for families’ bank accounts
  • While wage growth slowed slightly, a drop in inflation last month helped to ensure another boost to spending power

Family bank balances received another boost in April, with discretionary income reaching £200 a week according to Asda’s latest Income Tracker – an all time high since the tracker was established in 2008.

The data revealed that families enjoyed a £12 (6.3%) a week boost to spending power compared to April last year, with this rise marking the 18th consecutive month of double-digit growth.

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Posted in Press Centre on 27 May 2016
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TV Chef announces partnership with Asda

Today (Thursday 28th April) James Martin announces a new venture with leading supermarket Asda, bringing the much-loved chef back into British kitchens with a commitment to making it easy for people to enjoy great tasting, quality food no matter what their budget.

Both from Yorkshire and proud of their northern roots, Asda and James will be cooking up a storm together in the coming months, giving food inspiration to families every day of the week throughout summer.

The partnership is part of Asda’s Project Renewal blueprint to transform its business and boost its Save Money Live Better brand strategy as the retailer looks to differentiate itself with customers both in stores and online.

The first campaign, which will be masterminded by recently appointed Saatchi & Saatchi, is due to hit in June across multiple channels from TV to digital and in-store, with a second burst taking the partnership through the key Christmas trading period and beyond.

James Martin said: “To me Asda represents everyday kitchens up and down the country and that’s why this partnership comes from the heart. I can’t think of a better way to offer inspiration to busy families looking to cook up simple, tasty meals on a budget while still having time to enjoy life!

“As a born and bred Yorkshire man, I’m also looking forward to getting back to my roots to help people realise that low prices doesn’t mean low quality. Mine and Asda’s values go hand-in-hand, so heading into summer it’s all about cooking up a fresh new approach to food for customers every day of the week – watch this space!”

Andy Clarke, Asda’s President and CEO said: “This partnership is all about a meeting of minds when it comes to the core values of our customers, making James Martin a natural fit for Asda. We’re excited about working together to showcase exactly what Asda stands for, which is delivering quality food at everyday low prices and has been since we opened our doors over 50 years ago.

“We know that our customers lead busy lives and want to make the most of family time together, we also know that they are constantly looking for inspiration when it comes to meal solutions and at prices they can trust. Together with James we’re committed to going the extra mile to make this summer the best yet for our shoppers.”

Posted in Press Centre on 28 April 2016
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  • The average UK household had a weekly disposable income of £198 in March, £12 more than in March 2015
  • Annual growth in spending power has remained above £10 for 17 consecutive months
  • Essential item inflation stood above zero (0.1%) for the first time since the end of 2014 as inflation on clothing has crept up and Easter pushed up the cost of transport in March
  • Across the regions, families living in the East of England and Wales saw the biggest increase in discretionary income

Families across the UK enjoyed another boost to spending power in March, with discretionary income reaching £198 a week despite a gradual increase in inflation over recent months, according to Asda’s Income Tracker.

The latest figures for March reveal that British bank accounts were up £12 a week (6.3%) compared to the same time last year, marking the 17th consecutive month of double digit growth in disposable cash.

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Posted in Press Centre on 26 April 2016