Asda sales fall amid cautious Christmas spending

Walmart’s Leeds-based subsidiary Asda — which is considering a future UK stock market listing — said on Tuesday its like-for-like sales excluding petrol fell 1.3% in the quarter to December 31.

The supermarket group said: “Whilst overall performance in the quarter was impacted by challenging market conditions – particularly in clothing – the supermarket’s core food business proved more stable and the period saw continued progress in Asda’s strategy of winning on price, delivering an easy shopping experience and growth where customers care.”

Asda CEO Roger Burnley said: “We know that our customers mind sets during the quarter were cautious and whilst customers were enthusiastic for Christmas, they were more mindful in their spending – with many choosing to pare back gift lists and focus presents on kids rather than adults and extended family.

“Our monthly Income Tracker showed that whilst disposable income remained stable at around £217 a week during fourth quarter, previously seen trends of growth are starting to slow and consumers remain highly budget conscious …”

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