Submit a citation →
Index  ›  business  ›  BBC
business · BBC ↗

Asda sees sales fall for the first time since 2006

BBC Published May 18, 2010 Reviewed Jul 2, 2026 ✓ Reviewed by citations.press editors
Asda sees sales fall for the first time since 2006
Asda announced a £12 million investment in frontline services to reduce queues and assist customers.
12 GBP · investment Asda, company
Asda operates 374 stores, employs 170,000 staff in the UK, and plans to create 300 jobs at a north‑London home shopping centre.
374 stores · stores170000 staff · staff300 jobs · new jobs Asda, company
Asda's sales were down 0.3% in the three months to 31 March, excluding fuel and VAT.
0.3 % · sales Asda, company
Asda operates 374 stores and employs 170,000 staff in the UK.
374 · stores170000 · staff Asda, company
Asda will create 300 jobs at a home shopping centre in north London.
300 · jobs Asda, company
Asda unveiled a £12 million investment in frontline services.
12000000 £ · investment Asda, company
Asda reported its first sales fall in four years.
4 years · sales fall Asda, Grocery giant
Asda's sales, excluding fuel and VAT, decreased by 0.3% in the three months leading up to March 31.
0.3 % · sales Asda, Company
Asda operates 374 stores in the UK.
374 · stores Asda, Company
Asda employs 170,000 staff in the UK.
170000 · staff Asda, Company
Asda plans to create 300 new jobs at a home shopping centre in north London.
300 · jobs Asda, Company
Asda experienced its first sales fall in four years.
4 years · sales fall Asda, company
Sales were down 0.3% in the three months to 31 March.
0.3 % · sales Asda, company
Asda has 374 stores and 170,000 staff in the UK.
374 stores · stores170000 staff · staff Asda, company
Asda unveiled a £12m investment in frontline services.
12 m · investment Asda, company
British consumer price inflation jumped to a 17-month high in April.
17 months · inflation British consumer price inflation, inflation
British consumer price inflation reached a 17-month high in April.
17 months · high British consumer price inflation, economic indicator

Grocery giant Asda posted its first sales fall in four years as chairman Andy Bond said he expected "conditions to remain tough for some time".

The company, owned by US giant Wal-Mart, is the first of the "big four" supermarket chains to see comparative sales slide into the red on sales.

In the three months to 31 March sales, excluding fuel and VAT, were down 0.3%.

Asda, with 374 stores and 170,000 staff in the UK, is to create 300 jobs at a home shopping centre in north London.

The firm said first-quarter profits grew ahead of sales and beat internal targets, but it did not give any figures.

It also unveiled a £12m investment in frontline services to reduce queues and assist customers.

Rising food inflation has been hitting sales growth amid increased competition between the big four, which also includes Tesco, Sainsbury's and Morrisons.

British consumer price inflation jumped to a 17-month high in April, driven in part by higher prices for food.

Mr Bond said: "The market has slowed down significantly since the turn of the year, and I expect conditions to remain tough for some time."

This article was originally published by BBC ↗. citations.press indexes the source-backed facts above and links to the original. Something wrong? Corrections policy · Report an error