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Asda sales fall by 2.9% in fourth quarter

Supermarket Asda has seen its like-for-like sales excluding fuel decline by 2.9% in its fourth quarter.

FOOD & DRINK

Asda sales fall by 2.9% in fourth quarter

The fall marks an improvement for the Walmart owned company on the previous quarter when like-for-like sales dropped by 5.8%.

Walmart president and chief executive Doug McMillon said Asda had faced challenges in the UK market in the past year which it is addressing “with urgency”.

Sean Clarke, Asda president and chief executive, said the company had welcomed over 140,000 customers back to Asda in the quarter.

He added: “We are putting customers first and have sharpened our prices, improved our ranges and availability, all with friendly service. While we have a lot to do, it is great to see our colleagues, who really make the difference, engaged in this change in doing what’s right for customers.”

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