Asda news and analysis – Page 174
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News
Tesco closes gap with Asda
Asda’s seven-year reign as the UK’s cheapest supermarket is being challenged by arch rival Tesco, according to new research by The Grocer.The trends highlighted in the results of the six-month review of The Grocer 33 and in our new pricing...
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Retailers yet to back OTM beef
The big retailers are refusing to commit to stocking over 30-month beef when the OTM rule is abolished, probably some time next year.Tesco, Asda, Sainsbury, Morrisons and Somerfield all stopped short of pledging to sell products made from the...
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Asda lands on the Monopoly board
Siân Harrington heads back to the Old Kent Road, where it’s Go for a stylish Asda store, its 21st within the M25When local developer Toby Atkinson spied a brownfield site from the top of a double-decker bus on London’s Old Kent Road,...
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O’Shea manager for English Village Salads
Geest fresh produce division has appointed Kate O’Shea to the position of general manager at English Village Salads, suppliers of Asda’s whole head salad category.She takes over from Kathryn Gray, who has moved on to become general manager...
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Asda helps lift Wal-Mart international sales by 18%
A strong performance in non-food and increased footfall and average basket size at Asda have helped to push Wal-Mart’s international sales up 18% to $13.6bn and operating profits up 23.8% to $698m in the third quarter.In food, Asda’s sales...
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Asda sales grow but slowing down
Wal-Mart’s third quarter results indicate that its international division, which includes Asda, had another good quarter with sales up by 18% to $13.6bn compared to the same quarter last year.Operating profits for the quarter for its...
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Asda launches Children in Need promotion
Asda is launching an in-store activity programme today to raise money for BBC Children in Need, celebrating the charity’s 25-year anniversary.London-based Inferno, who has already created several entertainment campaigns for Asda this year,...
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Lough to develop Parfetts in Halifax
Landmark member Parfetts Cash & Carry has appointed Jason Lough as its deputy general manager at its Halifax depot, taking over from Andy Whitworth who has been promoted to general manager.Lough previously worked as a store manager for Asda...
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Beef price war ‘destroying value’
There is growing disquiet in the meat supply chain about what appears to be a beef price war between the UK’s two largest grocers, Tesco and Asda.Of particular concern to farmers is the intensity of competition on minced beef which accounts for...
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Asda’s pre-tax profit rockets 10% to £671m
Asda’s profits in 2003 were almost three times what its nearest rival Sainsbury is predicted to make this year.Figures filed at Companies House reveal Asda’s sales rose 9.3% to £14.433bn in the year to December 31, 2003. Pre-tax profit was up...
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Non-food drives Asda profit
Asda has revealed that that’s its profits rose by 10.4% last year, due to strong growth in non-food. The retailer reported a profit of £670.8m for the year to January 31 this year, on sales that grew 10% to £13bn.Asda said that new non-food...
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40% cuts in booze price frenzy
Hopes that value rather than volume would be the focus for Christmas alcohol sales have been dealt a blow as supermarkets begin an early discounting war by slashing prices by up to 40%.With two months still to go to Christmas, Asda and...
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Living it up as number two
Winner of The Grocer Cup for Outstanding Business Achievement, Tony DeNunzio might accept that Tesco is unbeatable. But he relishes strengthening his grip on the number two spot, and sees plenty of avenues for further growth at Asda. He talks to...
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Pork space squeezed
English supermarkets are cutting back on the amount of space they give on their shelves to fresh British pork, according to September’s PorkWatch survey.Results suggest that of the leading three multiples, only Asda had given over more space to...
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Food comes out of the equation
Asda’s newest showcase for its non-food offer is a standalone 34,000 sq ft store on a retail park. Rod Addy goes shoppingWith new sites increasingly hard to come by, Asda is hoping to take the battle to Tesco in the one area it knows...
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Asda non-food Living format debuts
Asda has opened its first standalone general merchandise store. Asda Living at Crown Wharf Retail Park, in Walsall town centre, will be followed by two further trial stores under development. One, measuring 30,000 sq ft, is due to open at...
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Asda’s non-food Living format debuts
Asda has launched its first store under the Asda Living general merchandise format today, at Crown Wharf Retail Park in Walsall town centre in the west Midlands.Two further trial stores are under development. The second, measuring 30,000 sq...
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Confection perfection
It’s all change for our gallery of the six best confectionery buyers. None of the group voted for by suppliers in June 2003 made it into this year’s high flyers. That said, Tesco, Asda and Waitrose all made it through again. Tesco’s Sharon...