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Andy Bond has stepped down as Asda chairman to focus on Walmart s acquisition of Massmart in South Africa and will cut his ties with the business completely by the end of March.
Waitrose reduced its promotions this month, but the big four kept up the pace although Asda shifted gear to focus on every day low pricing, says Chloe Ryan
Asda has laid out plans to reduce promotions and return to an Every Day Low Pricing strategy.
Announcing full year like-for-like sales excluding fuel up 6%, and fourth quarter sales up 4.6%, chief executive Andy Bond said Asda had...
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