Asda's sales up in first quarter

Asda has reported that total sales for the first financial quarter of the year were up in the low double digits

, and like-for-like sales have continued to strengthen with mid single digit growth. This is the fourth successive quarter that Asda's like-for-like sales have accelerated.

The supermarket attributed its improved performance to a significant increase in the number of customers shopping in its stores, a broader range of products and a continued focus on lowering prices.

Andy Bond, Asda president and chief executive said: "I'm delighted with these figures as they show our common sense approach to retailing is paying dividends. The combination of lower prices, broader product ranges, cleaner stores, and shorter queues is a simple, but winning formula. It's not rocket science, but it's exactly what people want, that's why we've attracted a million more customers in the last year."

My Account

Spotlight

Most read

Social

Following the Prime Minister's speech on Brexit, are you more or less confident about leaving the EU?

Calendar