Britain's Asda profit slumps 33% on price lowering strategy

LONDON, March 27 (Reuters) - British supermarket group Asda reported a 33% slump in annual core profit on Friday, reflecting CEO Allan Leighton’s push to cut prices in an effort to win back shoppers.

Asda ‘edging forward’ despite further sales fall, chairman Allan Leighton insists

Leighton was upbeat, blaming the decline on the implementation of Asda's 'Project Future' to decouple its systems from ...
AOL

UK's Asda warns of sales hit from completion of Walmart IT separation

LONDON (Reuters) -Asda, Britain’s third-largest supermarket group, said on Thursday that sales in its current quarter would be dented by disruption linked to the final phase of a major IT overhaul ...
Diginomica

Asda puts ServiceNow ‘at the heart of everything’ as the retail giant splits from Walmart

Asda’s VP of Digital and Technology, Rob Barnes, explains how the divorce from its US owner Walmart has presented both opportunities and challenges. Asda is one of the largest supermarket chains in ...
WRAL

Walmart finds new buyers for UK supermarket chain Asda

Walmart has found new buyers for Asda, its last major outpost in Europe. The company said on Friday it was selling a majority stake to private equity firm TDR Capital and the founders of a global ...

Asda boss Allan Leighton says 'plenty to do' in turnaround as sales fall

The UK’s third largest supermarket chain revealed on Friday that sales, excluding fuel, dropped by 3.3% to £21 billion in 2025.
Retail TouchPoints

Walmart Selling UK Supermarket Asda, Fueling Potential Purchase Of Flipkart

Walmart is planning to sell its British subsidiary Asda to Sainsbury’s for approximately $4.1 billion plus a 42% stake in the combined retailer, valuing Asda at approximately $10 billion in total.