Asda has blamed “challenging market conditions” for its fourth-quarter slump in like-for-like sales, particularly in clothing.
The Walmart-owned supermarket chain today posted a 1.3% decline in like-for-like sales excluding petrol for the period between October 1 and December 31, 2019.
The grocer highlighted that its clothing offer had been impacted by “challenging market conditions”, but trumpeted the growth of its core food business, which “proved more stable”.
Asda said the period also saw “continued progress in Asda’s strategy of winning on price, delivering an easy shopping experience and growth where customers are”.
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