Asda admits turnaround efforts are 'not enough' as it posts 5.7% drop in sales

"The UK continues to struggle, due primarily to fierce competition"


Embattled supermarketAsda revealed another hefty sales slump as it said price cuts and turnaround efforts were "not enough" to overcome its trading woes.

The chain - owned by US giant Walmart - posted a 5.7% fall in like-for-like sales for the 13 weeks to March 30, showing little improvement on the 5.8% drop seen in its Christmas quarter, which was its biggest quarterly sales fall on record.

Brett Biggs, chief financial officer at Walmart, said: "The UK continues to struggle, due primarily to fierce competition.

"Improvements in price and product availability throughout the quarter were not enough to overcome traffic and food volume declines in our large format stores."

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