Asda’s market share helped by robust online sales

Asda’s market share helped by robust online sales
 

ASDA has shrugged off continuing tough consumer pressures to post a 1.3 per cent rise in first-quarter like-for-like sales, powered like its main rivals by a robust online performance.
However, as Sainsbury’s and Tesco have also performed strongly recently, it has left Britain’s second-biggest supermarket business with an unchanged market share of 17.9 per cent.
Andy Clarke, chief executive of Asda, which is owned by Walmart of the US, said yesterday: “The disposable income in families’ purses continues go go down. Households remain increasingly challenged.”
Clarke said Asda had responded... read more

 
17 May 2013 in Business, Views: 4
Source: Scotsman
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