Asda says spending to cut prices will hit profits
Asda plans to spend more on reducing prices and improving product ranges for customers, but says its profits will suffer.
Asda: ‘We know what we need to do’ after sales disappoint again
Like-for-like sales at the supermarket giant fell by 3.4 per cent year on year, while revenue dipped 0.8 per cent to £21.7bn.
Asda is ‘struggling’, admits boss as he slashes profit forecasts
Asda’s new chairman has admitted the supermarket is “struggling” as he warned profits would tumble amid a spending spree on ...
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Asda execs to go without annual bonus, reports suggest
More than 10,000 managers at supermarket chain Asda will not receive a bonus this year after its market share has shrunk. Asda had its worst Christmas performance in 10 years, while its market share ...