We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Wal-Mart Gets Serious About Propping Up UK Unit Asda

February 8, 2017: 12:00 AM EST
Wal-Mart plans to use its resources and strengths as the world’s largest retailer to revive the sales performance and regain market share of its UK business Asda. After Wal-Mart acquired Asda in 1999, the UK retailer performed strongly as the country’s most affordable supermarket. Germany-based discount retailers Aldi and Lidl, which opened in the UK in 1990 and 1994, respectively, grabbed market shares from Asda. Wal-Mart will lend Asda its purchasing strength, which enables it to lower prices and costs.
James Davey , "Wal-Mart aims to leverage British arm Asda back to health", Reuters, February 08, 2017, © Reuters
Domains
RETAIL BUSINESS
Market News
Operations
Strategy
Geographies
Worldwide
EMEA
Europe
United Kingdom
Categories
Companies, Organizations
Market News
Developed by Yuri Ingultsov Software Lab.