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

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

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

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

Sales and revenue at Asda dropped last year, as expected, but the supermarket said it has begun to deliver on its turnaround ...

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

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 ...

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

Private equity giant TDR Capital, which is the majority owner of the supermarket giant, is looking to offload the gym chain ...

Struggling British supermarket Asda has warned that required investment in lowering prices and improving product availability ...

Leighton also revealed that his turnaround plan included a major range reduction programme over the next 12 months, with around 6,000 SKUs set to be cut. The process will involve a ...