Asda has reported a slump in first-quarter sales against strong like-for-like comparables as the cost-of-living crunch begins to hit consumers.
The grocery giant reported that its like-for-like sales fell 9.2% in the three months to March 31, 2022, compared with what Asda called an “exceptional period” in the first quarter of 2021 when the UK was in its third national lockdown.
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