Asda reports first fall in sales for four years
May 19 2010 by Henryk Zientek, Huddersfield Daily Examiner
SUPERMARKET chain Asda has posted its first sales fall in four years and warned that conditions would “remain tough”.
The UK’s second biggest grocer, which has a store at Bradford Road in Huddersfield, said like-for-like sales fell by 0.3% in the first quarter of the year – dropping for the first time since 2006. The performance was branded “disappointing” by Asda chairman Andy Bond.
Supermarkets have seen slowing sales growth as food inflation eases and rivals battle fiercely for hard-pressed shoppers – but Leeds-based Asda is the first of the “big four” chains to see comparative sales decline.