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Asda Q4 comp sales decline by 2.9%

Asda’s comp sales fell by 2.9% in the fourth quarter to 31 December 2016, according to parent company Walmart.

Asda’s comp sales fell by 2.9% in the fourth quarter to 31 December 2016, according to parent company Walmart.

The figures show an improvement in the supermarket’s performance on the previous quarter, in which comp sales declined 5.8%.

Speaking to analysts Walmart president and ceo, Doug McMillon, said: “In the UK, we faced some challenges this past year and we’re addressing this with urgency. I’m glad comp store sales improved during the fourth quarter, but we have a lot of work to do.”

Meanwhile, Asda president and ceo, Sean Clarke, said: “We are encouraged by the early signs of our customers responding positively to the hard work that’s been happening in our stores throughout 2016, which saw us welcome over 140,000 customers back to Asda this last quarter.”

 

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

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Aspen offers the complete new 5th Gen Silent+ Range

Aspen Pumps, a global market leader in condensate removal pumps, is proud to announce the launch of the next generation of its Silent+ Mini Orange and Silent+ Mini Aqua pumps. These new additions complete Aspen’s 5th generation of its mini ...

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Has your Chiller been checked for Refrigerant Leaks?

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