Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Retail News

  • Home
  • Retail News
  • Asda lays bear disastrous 2016

Asda lays bear disastrous 2016

  • Categories Retail News
  • Date August 2, 2017
  • Comments 0 comment

The grocery giant recorded a sales drop 3.2 per cent to £21.7 billion in its full-year period ending December 31, while pre-tax profits slumped by almost 19 per cent to £791.7 million.

Like-for-like sales also took a battering at the Walmart-owned retailer, dropping by 5.7 per cent.

The grocery chain said that despite the disappointing results of 2016, the turnaround efforts under recently-appointed chief executive Sean Clarke are starting to crystallise.

The company highlighted how the final quarter indicated that improvements in ranges and slashing prices in everyday items were paying off.

In addition, although it posted an 11th consecutive quarter of falling figures in the first quarter of this year, the 2.8 per cent decline recorded was a marginal improvement on the last quarter, where it dropped by 2.9 per cent — and a dramatic improvement on the 7.5 per cent decline recorded in August last year.

Asda’s share of the market also fell 0.9 per cent to 15.7 per cent last year, according to Kantar Worldpanel.

  • Share:
gsiino

Previous post

Godiva opens in-store café in New York City
August 2, 2017

Next post

Apple posts 7% revenue increase
August 2, 2017

You may also like

forever-21
Shein and Forever 21 Owner Join Forces
24 August, 2023
the-co-op
Central Co-op – creating a sustainable society
17 August, 2023
korea-ecommerce
South Korea e-commerce sales to surpass USD 160 million by 2027
10 August, 2023

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

Shein and Forever 21 Owner Join Forces
24Aug2023
Central Co-op – creating a sustainable society
17Aug2023
South Korea e-commerce sales to surpass USD 160 million by 2027
10Aug2023
Coach Play concept store in Singapore plays host to Coachtopia immersive, circular economy takeover
09Aug2023
Struggling Wilko suspends home delivery orders
09Aug2023

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy