THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Asda like-for-likes increase

Like-for-like sales increased by 1.6% excluding fuel in the fourth quarter, equivalent to a 2.6% rise including VAT.

CITY & CORPORATE

Asda like-for-likes increase

In addition, the supermarket grew its profits ahead of sales for the full year, enabling it to reward its store colleagues with a bonus payout for the tenth year in a row.

Asda’s core brand Chosen By You, which represents 80 per cent of its own label food sales, has  gone from strength-to-strength since it was launched in late September. To date, Asda has introduced nearly 3,000 products into the range, but in the coming weeks will complete phase two of the roll out with the introduction of a further 2,000 products, including 250 non edible groceries.

Andy Clarke, Asda president and CEO said, “I’m pleased with the progress we’ve made in the last six months. We have successfully extended our price gap to ten per cent, significantly improved the quality of our food across the entire store, and given our customers even better service.

“Since the Asda Price Guarantee was relaunched at the turn of the year 800,000 people have taken advantage of our ten per cent price promise, helping us attract even more customers.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing