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Asda Reports Lower Like-for-like Sales In 1Q 2015

May 19, 2015: 12:00 AM EST
Retailer Asda said like-for-like sales fell 3.9 percent in the first quarter of 2015. Speaking at a London event, CEO and president Andy Clarke said his company remains committed to its five-year strategy. Despite describing 2015 as the most challenging year for UK retailers yet, Clarke said Asda's business “remains balanced, healthy and sustainable.”
"Asda unveils its first quarter financial results and strategy update", Asda, May 19, 2015, © Asda Stores Limited
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