Asda bottom of curve4 Apr 2024 19:04
Asda has fallen further behind supermarket rivals after its sales growth effectively ground to a halt, new figures reveal.
Sales at Asda, which is owned by the billionaire Issa brothers and private equity firm TDR Capital, were up just 0.8pc in the last 12 weeks compared to last year, according to analysis firm NIQ.
The supermarket’s growth was much slower than rivals Sainsbury’s and Tesco, which recorded rates of 7.9pc and 6.3pc respectively over the period. Marks & Spencer also posted growth of 11.2pc.