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ASDA reports Q3 sales decline

ASDA 725 x 500

ASDA has reported a 5.8% drop in sales during the three months ended 30th September. 

Walmart, the US retail giant which owns ASDA, said that the UK is the only market it operates in to have not delivered growth in the quarter.

The performance was an improvement on the previous quarter, in which ASDA reported its worst quarterly trading on record - a sales decline of 7.5%. 

Sean Clarke, ASDA CEO, said: "We have lowered thousands of prices, improved hundreds of own brand products and invested in more hours for colleagues on the shop floor – so it's encouraging to see more customers shopping with us in stores and online."

Brett Biggs, Walmart's Chief Financial Officer, said: "The key priority remains driving an improved customer experience and building sales momentum by simplifying the offer, improving product availability and making strategic investments in service and price."

Source : Walmart 

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17 November 2016

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