Photo by: Evelyn Simak
Sales of Asda has increased for the second quarter in a row. However, today, the company has warned that the market will be “challenging” in 2018.
Asda’s sales rose by 1.1 percent for the third quarter that ended September 30. Total sales grew by 3.6 percent.
Discounters Lidl and Aldi have been posing a notable challenge for Asda. However, there are signs that the business is beginning to increase its sales again. This year, supermarkets in the United Kingdom have been increasing prices as a response to the devaluation of the sterling and raising sales as a result.
Asda has initiated a shake-up of its top team as it proceeds with the company’s turnaround. Sean Clarke, the chief executive of Asda, is stepping down, and the chief operating officer of the supermarket, Roger Burnley, will lead the business from January 1.
Clarke stated: “It’s great to see that we have now delivered our second consecutive quarter of positive like-for-like growth, and the fifth consecutive quarter of continued sales improvement.
“The market environment will continue to be challenging into next year, but we’re well placed with clear plans and a renewed level of confidence.”