Asda sales growth slows in second quarter
Asda has reported a slowdown in sales in its second quarter as customers cut back their spending in a market which the supermarket described as a very tough environment.
Like-for-like sales at the Walmart owned supermarket edged up 0.7% in the 13 weeks to 30 June following growth of 2.2% in the first quarter.
However, industry data released by Kantar Worldpanel has shown that Asda grew its sales faster than its main UK rivals over the last three months.
Asda chief executive Andy Clarke said: "I'm really proud of our performance again this quarter. We have continued to increase our sales and grow ahead of the market through a combination of lowering more prices and driving even harder on product quality.
"Our 'real value' strategy is paying dividends, and enabling us to grow the business in a sustainable way."
Referring to the Kantar Worldpanel figures covering the 12 weeks ending 8 July 2012, Walmart's Doug McMillon said Asda had gained market share "despite a difficult consumer environment and the wettest weather on record".
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