McKenna’s comments are the first time Walmart has publicly addressed its future strategy for Asda since the Sainsbury’s deal collapsed. «Walmart does not have a one-size-fits-all approach to operating its international markets, but a consistent focus on strong local businesses powered by Walmart,» she said. Asda has reported seven consecutive quarters of like-for-like sales growth thanks to a strategy focused on lower prices, more innovation in own-brand products, better store standards and improvements in its e-commerce operations. Monthly industry data produced by researcher Kantar indicates that Asda will likely report an eighth quarter of growth when it updates on trading on Thursday.
CEO Roger Burnley told managers at the Leeds meeting there would be 80 million pounds of price cuts throughout the rest of 2019.
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