Asda sales up as it creates 7,500 UK jobs

first_img ASDA, owned by Wal-Mart, yesterday reported a return to underlying sales growth in its fiscal third quarter, helped by a focus on low prices and the relaunch of its core own-brand grocery range.The country’s second-biggest supermarket chain behind Tesco also said yesterday it would create more than 7,500 jobs next year by opening new stores, growing in home shopping, and through its purchase of Netto UK.Sales at stores open over a year rose 1.3 per cent in the three months to 30 September. That compared with a 0.4 per cent fall in the second quarter and is the first increase since the fourth quarter of 2009.Asda has lagged behind its major rivals in sales growth for most of this year, hit by a step up in promotions which the chain says has clouded its low-price message.A growing demand for premium ranges which has favoured upmarket rivals like Waitrose has also taken its toll. Asda responded in April by launching a price guarantee offering to refund shoppers the difference if they can find their shopping cheaper elsewhere. International sales, which include the UK, outstripped Walmart’s domestic business during the quarter, rising 9.3 per cent to $26.9bn against the period a year ago, boosted by a foreign exchange gain of $349m. The retailer’s overall sales increased 2.6 per cent to $101.2bn. Earnings rose nine per cent to $3.44bn against a year ago. More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live whatsapp Tuesday 16 November 2010 8:53 pm Share whatsappcenter_img Asda sales up as it creates 7,500 UK jobs Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoBrake For It40 New Features In The 2021 Ford BroncoBrake For ItUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndoMoneyWise.comThe Worst College In Every US State, RankedMoneyWise.comUndozenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comUndoExplored PlanetThe Most Dangerous Bodies Of Water In The WorldExplored PlanetUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndo Tags: NULL KCS-content Show Comments ▼last_img

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