Asda warns of material profit hit
Asda warns of material profit hit after ‘disappointing’ annual sales
Asda has been grappling with shrinking sales in an increasingly competitive market as well as availability problems and declining store standards. Its grocery market share fell to 12.6 per cent in February, according to Kantar data, from 14.8 per cent when the £6.8bn takeover by the Issa brothers and private equity firm TDR completed in 2021.
Asda’s new chairman has admitted the supermarket is “struggling” as he warned profits would tumble amid a spending spree on ...
Shoppers are set to be big winners as Asda signalled a new price war as its new top boss promised to revive the ailing chain ...
Asda will carry out a major range cull over the next 12 months, as a key plank in the supermarket's fightback following a ...
Asda has launched a fresh round of job cuts as the grocer races to axe workers involved in a botched £800m IT upgrade that ...
The price reduction applies to petrol and diesel at all Asda and Asda Express branded sites. It comes amid a drop in ...
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Following today’s release of ASDA’s figures for the year ending 31st December 2024; Eleanor Simpson-Gould, senior retail ...
Asda has warned major spending plans will eat into its profits, after pledging to cut the prices of thousands of products and ...
The supermarket chain's market share has fallen from 13.7% to 12.6% over the past year, unlike its rivals Tesco and Sainsbury ...
Leighton said profits will be 'materially' lower this year as he prepares to plough millions of pounds into a turnaround plan ...
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