RETAILERS, ASDA FOOD SALES DECREASING SHARPLY
Asda, acquired in 1999 by world leader of retail Wal-Mart, is registering a sharp decline in food sales over the last three months, the first drop ever since 2006.
25/08/2010 17:57The chain has also lost in one year 0.3% of market share over the competitors Sainsbury's and Morrisons.
The new managing director Andy Clarke has stressed the need to implement new pricing systems, focusing on food quality.
Specially commissioned surveys have revealed that families in July spent on average £7 a week less than last year: there are fears that consumer spending may remain to be particularly low, especially at Christmas time.
