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Sunday, 22 August 2010

Asda warns of 'age of austerity' as sales fall - Daily Telegraph (Crundale SUPERMARKETS)

Asda warns of 'age of austerity' as sales fall - Daily Telegraph
Although Asda does not publish detailed accounts on a quarterly basis, it did say total sales increased by only 'low single digits' Photo: Jonathan Lodge Wal-Mart, the world's largest retailer, reported a total 1.8pc
Source: www.telegraph.co.uk

Oops! Asda chief has 'a Ratner moment': New boss admits supermarket's food isn't up to scratch - Daily Mail
It was his first speech as Asda chief executive and an attempt to explain why sales have fallen. But Andy Clarke is probably wishing he had kept his mouth shut after admitting that his supermarket's food is not up to
Source: www.dailymail.co.uk

Asda Sales Slow In 2Q, Wal-Mart Says Grocer Making Progress - NASDAQ
LONDON -(Dow Jones)- Asda Group Ltd. Tuesday said second quarter sales fell, but its parent company, U.S. retail giant Wal-Mart Stores Inc. (WMT), said the U.K.'s second-largest supermarket operator continues to make
Source: www.nasdaq.com

Asda says consumer faces income squeeze - Reuters UK
LONDON (Reuters) - Asda, Britain's No.2 grocer, said the outlook to the end of 2010 remains challenging with UK families facing the lowest amount of disposable income in the final quarter for two years. Ahead of the
Source: uk.reuters.com

Asda hires Wal-Mart veteran as its chief merchandising officer - The Independent
Asda has hired a Wal-Mart veteran into the strategically important role of chief merchandising officer, strengthening its top team at a crucial time for the UK’s second biggest grocer. Charles Redfield, who is
Source: www.independent.co.uk

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