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Despite Drop In LFL Sales, Asda Says It Is Gaining Market Share From Competitors

November 13, 2014: 12:00 AM EST
Asda, the second largest supermarket chain in the U.K., posted a 1.6 percent decline in like-for-like (LFL) sales during the third quarter that ended September 30. The company says that despite the fact that performance was a step back from 0.6 percent LFL growth in the second quarter, it is “closing the gap” with competitors like Walmart and continues to grow market share in a distressed market for all retailers. Asda also reported a 19.6 percent growth in online shopping, the tenth consecutive month of above market growth.
"Asda winning battle against big three - and setting sights on the discounters", Asda, November 13, 2014, © Asda
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