Asda reported a fall in like-for-like sales today following the later timing of Easter, amid growing City speculation over a possible floatation for the Walmart-owned grocery giant. Like-for-like sales at the group tumbled 1.1 per cent as a result of the holiday shift in the three months to the end of March, Walmart said today, but climbed 0.5 per cent when adjusted for the calendar comparisons. It reported double-digit growth online at both Asda.com and its clothing line George.com. Read more: Walmart mulls Asda IPO after Sainsbury's merger blocked Brett Biggs, Walmart’s finance chief, said: "Against a challenging backdrop in the UK, Asda comp sales declined with the Easter flip, but transactions were positive as customer experience continued to improve." Earlier this week the firm’s parent owner Walmart said it was considering a stock market listing for Asda, just weeks after the supermarket’s failed attempt to merge with rival Sainsbury’s. Walmart … [Read more...] about Asda sales dip on Easter timing as IPO speculation mounts
Asda
Leeds-based Asda’s quarterly sales dip as it faces ‘Easter flip’
0 Have your say Supermarket giant Asda has reported a 1.1% fall in sales in the latest quarter, as it was impacted by the later timing of Easter this year. The results come days after owner Walmart said that the supermarket, which has Roger Burnley as its UK chief executive, could be floated on the stock market.Brett Biggs, Walmart chief financial officer, said: “Against a challenging backdrop in the UK, Asda comparative sales declined with the Easter flip, but transactions were positive as customer experience continued to improve.” Thomas Cook says Brexit uncertainty and heatwave hit its half year results … [Read more...] about Leeds-based Asda’s quarterly sales dip as it faces ‘Easter flip’
Asda is selling UNICORN solar-powered lights for your garden
IF you've ever dreamt of unicorns lighting up your garden in the dark, now you have the chance to make it happen. Asda is selling outdoor solar-powered lights featuring the mystical creatures, and they even glitter AND change colours. The magical lights come in packs of four, and they'll set you back £10 each. They're powered by direct sunlight, but the packs also come with one rechargable AAA battery. Each light has a height of 26.5cm, and they're available both in stores and on the Asda George website. The lights have already achieved rave reviews online, with one shopper writing: "Bought a couple of weeks ago, my little ladies love these in the garden." While another said: "They are perfect, colour changing bright lights, glitter and unicorns. I'm just about to order some for mommy's garden." They've also been spotted by a Facebook user, who shared pictures of the lights in the Extreme Couponing and Bargains UK group. The post has so far achieved more than 2,300 likes and over … [Read more...] about Asda is selling UNICORN solar-powered lights for your garden
Walmart mulls Asda IPO after Sainsbury’s merger blocked
Retail giant Walmart has said it is considering a stock market listing for Asda, just weeks after the supermarket’s failed attempt to merge with rival Sainsbury’s. Walmart International boss Judith McKenna said the US chain is considering an initial public offering (IPO) for its UK subsidiary, but said it was “not rushing into anything”. Read more: 150 MPs set to demand Asda abandons 'unscrupulous' pay proposals Speaking to Asda managers in Leeds, she added that any preparations for a float would “take years”. The comments come weeks after the Competition and Markets Authority (CMA) blocked a proposed £12bn merger between Asda and Sainsbury’s. The CMA said the tie-up, which would have created Britain’s largest supermarket, would have resulted in “substantial lessening of competition”. The decision sparked speculation that parent company Walmart would look to sell, with analysts pointing to potential private equity bids. … [Read more...] about Walmart mulls Asda IPO after Sainsbury’s merger blocked
Asda could be listed on the stock market
Business 15 May 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/business-48278472 Read more about sharing. These are external links and will open in a new window Close share panel Related TopicsSainsbury’s-Asda merger Asda could be listed on the stock market after its merger with supermarket rival … [Read more...] about Asda could be listed on the stock market