Asda warns of material profit hit
Asda warns of material profit hit after ‘disappointing’ annual sales
Asda has been grappling with shrinking sales in an increasingly competitive market as well as availability problems and declining store standards. Its grocery market share fell to 12.6 per cent in February, according to Kantar data, from 14.8 per cent when the £6.8bn takeover by the Issa brothers and private equity firm TDR completed in 2021.
Asda’s new chairman has admitted the supermarket is “struggling” as he warned profits would tumble amid a spending spree on ...
Shoppers are set to be big winners as Asda signalled a new price war as its new top boss promised to revive the ailing chain ...
Asda has warned major spending plans will eat into its profits, after pledging to cut the prices of thousands of products and ...
Asda will carry out a major range cull over the next 12 months, as a key plank in the supermarket's fightback following a ...
The cut is the largest overnight price drop made by any retailer so far in 2025, and is Asda's largest cut since 2022.
The price reduction applies to petrol and diesel at all Asda and Asda Express branded sites. It comes amid a drop in ...
Asda has launched a fresh round of job cuts as the grocer races to axe workers involved in a botched £800m IT upgrade that ...
Asda has warned major spending plans will eat into its profits, after pledging to cut the prices of thousands of products and ...
Daily Star on MSN17h
UK high street bloodbath as hundreds of Asda, Schuh and Pets at Home jobs at riskAn already tough year for the UK's high street has seen several brands disappear entirely, and now three major names are making huge cuts to stave off increased costs ...
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