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.