Asda sales growth slows and underperforms UK rivals, Retail

Asda sales growth slows and underperforms UK rivals, Retail News, ET Retail

It said like-for-like food sales increased 3.2% but clothing and general merchandise sales fell 3.4% as, like other retailers, Asda was impacted by unseasonable weather across this period. Last week, No. 2 player Sainsbury's said its second quarter to Sept. 16 underlying sales rose 6.6%, while in October market leader Tesco reported an 8.4% rise in second quarter UK like-for-like sales.

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