Asda boss bashes Budget as sales continue to drop Retail Asda boss Allen Leighton has hit out at the Autumn Budget as anti-growth and anti-investment as sales as the supermarket giant stumbled due to an IT handover. The executive chairman said Chancellor Rachel Reeves’ Budget “didn’t do anything for anybody” and that “there’s nothing the government is doing that is stimulating growth”. Speaking to City AM [...]
Asda: ‘We know what we need to do’ after sales disappoint again Retail Sales and revenue at Asda dropped last year, as expected, but the supermarket said it has begun to deliver on its turnaround plan. Like-for-like sales at the supermarket giant fell by 3.4 per cent year on year, while revenue dipped 0.8 per cent to £21.7bn. The TDR-owned supermarket struggled last year with a declining market share [...]