Asda warns of shopper misery as sales drop

first_imgTuesday 17 August 2010 7:59 pm SUPERMARKET chain Asda said yesterday shoppers were being hit in the pocket by government cuts as like-for-like sales excluding fuel fell 0.4 per cent in the second quarter.The chain said its market share had reduced in the 12 weeks to 11 July as total sales crept up “in the low single digits”.Chief executive Andy Clarke said: “These are increasingly uncertain times for millions of families across the UK.” The slip in sales follows a 0.3 per cent decline in the first three months of the year, which was the first fall since early 2006.The company added: “Customers are facing challenges from recently announced tax increases and cuts in government spending.”Meanwhile Asda’s US owner Walmart announced a better-than-expected 3.6 per cent rise in profit, but with revenue which was below estimates.MORRISONS GAINS MARKET SHAREASDA and rival Tesco lost ground to Sainsbury’s and Morrisons in the 12 weeks to 8 August, with both growing at a slower rate than the 4.5 per cent advance seen by the wider market over the year, according to industry figures. Kantar Worldpanel, which tracks the weekly sales of the big supermarkets, said Asda was sitting on a market share of 16.9 per cent, compared with 17.2 per cent in the equivalent period a year ago. Market leader Tesco also slipped to 30.8 per cent from 31 per cent a year ago. Morrisons and Sainsbury’s however both added 0.2 per cent to their market share to 11.6 per cent and 16.1 per cent respectively. KCS-content Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Asda warns of shopper misery as sales drop center_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoBleacherBreakerClosing Time: All The Restaurant Chains ClosingBleacherBreakerUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoForbes14 Richest Black Billionaires RankedForbesUndoOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Show Comments ▼ Share whatsapplast_img

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