Asda yesterday formally laid out plans for 125 new non-food stores under its Asda Living banner.

The move was a key plank of a five-year strategic plan unveiled by the supermarket that included a commitment to become the UK;s leading non-food retailer.

Outgoing chief executive Andy Bond also affirmed Asda’s determination to be “the clear number two” in food behind Tesco.

The plans, details of which emerged in February following a meeting with suppliers, were outlined at a strategy day overseen by US parent Walmart.

Earlier this week Bond shocked the trade by announcing his intention to step down as chief executive – with a successor likely to be named in the next few weeks.

Check tomorrow’s edition of The Grocer for a full analysis of what lies ahead for Asda in the post-Bond era – and our surprise tip for the CEO role.

Read more
Bond to step aside as Asda chief exec (12 April 2010)
Asda stops promotion overdose and puts the focus back on EDLP (20 February 2010)
Asda tipped for small-format push (17 February 2010)