Asda today unveiled its fourth quarter and full year financial results for 2013.
In Q4 Asda posted a fall in comparable sales of (0.1%); full year comparable sales were up 0.5%.
Speaking at an event in London this morning, Andy Clarke, President and CEO of Asda said: “It will come as no surprise that 2013 was a tough year for UK retailers and there’s little doubt that the UK retail market is undergoing significant and permanent structural change. Though the economy is showing signs of recovery, it is still susceptible to shocks and the benefit is not yet being felt right across the country. Yet, despite these continued challenging conditions, I am proud that Asda continued to drive volume growth and deliver great price, quality and service for our customers.”Find out more and read the Walmart Results.