Asda sales drop as Walmart blames Brexit effect

Asda petrol station

Asda has posted a slight drop in like-for-like sales, which it has blamed on the ongoing political concerns over Brexit and consumer confidence.

The supermarket giant reported a 0.5% downturn in like-for-like sales, excluding petrol, for the period from July 1 to September 30, 219.

Chief executive of parent company Walmart, Doug McMillon, blamed the decline in like-for-like sales on Brexit, which he said continues to “negatively affect customer spending patterns”.

He pointed out that sales declined by 50 basis points during the quarter “but improved sequentially compared with the Easter-adjusted comparison from the second quarter”.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.