Press Centre
  • Household spending increased year-on-year in every region of the UK in March; Northern Ireland and the North East saw some of the biggest gains, helping to close the gap with London
  • Cost of living in London is rising faster than elsewhere in the UK, holding back spending power growth in the Capital
  • The average UK household had £170 a week of discretionary income in March 2014, up £7 a week year-on-year, the sixth month in a row that families have seen their household incomes rise
  • The increase in spending power was driven by unemployment falling to its lowest rate in five years in the month of March – down by one percentage point year-on-year and a slowdown in the rate of inflation thanks to a huge fall of 6.6% in petrol prices

The latest Asda Income Tracker has revealed that the effects of the economic recovery are starting to be felt across the UK with discretionary incomes now rising in every region. Northern Ireland and the North East experienced some of the strongest growth in the three months to March, rising 4.8% and 5.5% respectively, with the North East benefiting from rapidly rising wages in the construction and manufacturing industries, which the region relies on.

Read more and see full report
Posted in Press Centre on 23 April 2014
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Today (Monday, 7th April) Doug McMillon President and CEO of Walmart met with the Rt. Hon. David Cameron MP at Asda’s Clapham Junction store in London.

Mr McMillon, who recently took on the role of President and CEO of Walmart, is in the UK as the world’s largest retailer prepares to hold its first ever Board meeting in the UK. Mr McMillon showed Mr Cameron around the London store, which is one of 577 Asda stores in the UK. Asda became part of the Walmart family, which operates over 11,000 stores globally and employs 2.1 million people, in 1999.

Following the visit, Mr McMillon, who until recently oversaw Walmart’s international operations said:

“It has been a pleasure to meet with the Prime Minister today and reaffirm Walmart’s commitment to investing in the UK. We know that the UK is a great place to do business and since Walmart acquired Asda 15 years ago we have been able to invest £8bn in the UK economy – creating over 100,000 jobs, opening 342 new Asda stores and bringing lower prices to millions of customers.

“A seismic shift in the structure of the retail market is underway – not just in the UK – but right across the world. Asda recognised the change in its market and took early action to develop and implement a strategy that will see it grow – creating more new jobs and bringing real value to more customers in the UK.”

Asda’s five year strategy has the potential to create up to 12,000 new jobs in parts of the country where Asda does not currently have stores.

Prime Minister David Cameron said:

“Supporting business, creating jobs and cutting taxes are all part of our long-term economic plan. Yesterday, our tax reforms cut income tax for 26 million people and will help businesses to create jobs. I am delighted that Asda is continuing to invest heavily in the UK, creating another 12,000 jobs that will give people financial security for the future.”

Posted in Press Centre on 07 April 2014
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  • The average UK household had £169 a week of discretionary income in February 2014, up by £5 a week year-on-year, representing the fastest growth in family spending power since November 2012
  • The latest increase is the fifth month in a row that families have seen their household incomes rise
  • Family spending power in February was boosted by a slowdown in the rate of inflation, which dropped to just 1.7% – beneath the Bank of England’s 2% target
  • A fall in the cost of petrol, which is 5.1% lower than the same month last year, eased the pressure on household finances

The latest Asda Income Tracker has revealed that families had £5 a week more discretionary income in February 2014 than in the same month the year before. The rise in discretionary income – the income left once taxes and the spend on essentials like rent, utilities and bills have been deducted – in February is the fastest increase seen since November 2012. Household incomes were boosted by two major factors including slowing inflation, helped by a drop in petrol prices, and a 1.6% increase in private sector wages, which have experienced their fastest growth since December 2012.

Find out more and read the full report.
Posted in Press Centre on 31 March 2014
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Today (Friday 28th March) sees the official launch of George Home, both online and in stores across the UK which will be accompanied by a slick multi-media ad campaign titled ‘Make Way for George Home’ to introduce the new brand to customers.

The campaign kicks off with a primetime television advert, airing tonight on ITV1, Channel 4 and Five as well as Sky1, which will be its first, focused solely on homeware and furnishings. It will position George as the go-to retailer for on-trend interiors and a destination for stylish and quality homeware at affordable prices. It marks a first for the retail industry as the supermarket aligns all homewares under its fashion label.

Running for three weeks, the ‘tongue in cheek’ ad campaign presents solution-based ideas for when ‘those little accidents happen’ that makes updating the home and replacing broken items quick, easy and affordable for all. It will be supported by a five-week digital, print and social media plan and for the first time will include the placement of digital ads across high footfall London underground stations, including Oxford Circus and Euston.

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Posted in Press Centre on 28 March 2014
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Six Asda stores in the North East have been selected to host special advice sessions for shoppers in March and April. The free sessions will be offered to help customers become more digitally savvy and discover ways to make the most of their money.

Working in partnership with two independent organisations: the Money Advice Service and the Tinder Foundation, six trial sessions will be run in six stores.

The sessions, delivered by experts from both organisations, will be hosted in Asda cafés and training rooms in the following stores:

  • Asda Peterlee, Durham
  • Asda Washington, Tyne and Wear
  • Asda Hartlepool, Cleveland
  • Asda Gosforth, Newcastle upon Tyne
  • Asda Ashington
  • Asda South Shields, Tyne and Wear

The one-to-one sessions will explain practical digital and financial skills such as: how to set up an email account; how to Skype™ relatives; switch energy providers; manage household budgets; and deal with debt; and lots more.

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Posted in Press Centre on 21 March 2014