Asda plans to spend more on reducing prices and improving product ranges for customers, but says its profits will suffer.

Asda attributed the growth to better gross margins, especially in the non-food sector, showcasing the strength of its George ...

London broker Jeffries has questioned whether Asda’s sales will rise quickly enough to meet the demands of its turnaround ...

Almost £4bn has been wiped off Britain’s biggest supermarkets amid fears over Asda’s plans to launch a grocery price war as ...

Asda has warned major spending plans will eat into its profits, after pledging to cut the prices of thousands of products and ...

Like-for-like sales at the supermarket giant fell by 3.4 per cent year on year, while revenue dipped 0.8 per cent to £21.7bn.

Asda's Rollback price strategy shows early positive momentum, despite a revenue decline and profitability concerns. The ...

Asda has announced that it is to continue cutting prices and putting more staff on the shop floor as it reported that total ...

Leighton said profits will be 'materially' lower this year as he prepares to plough millions of pounds into a turnaround plan ...

Asda has warned that a programme of investment in reducing prices together with improving availability and its shopping experience is set to "materially reduce" its profits in 2025.

Asda has been grappling with shrinking sales in an increasingly competitive market as well as availability problems and declining store standards. Its grocery market share fell to 12.6 per cent in ...