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Asda Says Same-Store Sales Fell In 2014

February 19, 2015: 12:00 AM EST
UK retailer Asda said same-store sales fell 1 percent for 2014 and declined 2.6 percent for the quarter ending January 4, 2015. Asda president and CEO Andy Clarke said his company remains focused on its long-term business plan, which includes £600 million in investments to expand and improve its store network. Clarke and CFO Alex Russo presented the company's achievements in 2014, including its £300 million investment to lower prices, opening of 17 new stores, and opening of 200 new Click and Collect sites.
"Asda unveils its fourth quarter and full year strategy update and announces £600m investment in stores", Asda , February 19, 2015, © Asda Stores Limited
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