Walmart president and chief executive Doug McMillon said: "In the UK, Asda delivered positive sales again this quarter. The improvements in store experience and price investments are increasing store basket sizes.”
As the retailer’s turnaround begins to take hold, it admitted it ‘still has work to do’, as continued cost inflation, a long-running supermarket price war and intense competition from German discounters means the market environment continues to be challenging. The pressure has already begun to show as Asda announced in September that it had axed nearly 300 jobs at its head office and a further 800 staff had the scope of their job description changed as part of the shake-up. Yet, outgoing Asda chief executive Sean Clarke insists they “are well placed with clear plans and a renewed level of confidence.”
Right now, Asda appears to be directing it’s focus towards it’s Christmas offerings, stating they are committed to “delivering value for our customers across all of our ranges this Christmas and ensuring everyone gets a great experience, both instore or online.”
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- The Food Chain team meets regularlly with retailers, read our supply chain engagement document