Asda vows to ‘double down’ on strategy as like-for-likes slide

Asda store Cardiff

Source: GettyImages/iStock/Ceri Breeze

Asda has vowed to double down on its ‘Formula for Growth’ strategy, even as its total revenues and like-for-like sales dropped in the third quarter.

The retailer noted that its Project Future IT migration caused “severe disruption” to trading in the period, and that systems “have now been stabilised”.

 

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