All Asda articles
Asda was formed in 1965 following the merger of Asquiths and Associated Dairies, and has established itself as one of the UK’s biggest supermarket players. The grocer is renowned for its focus on everyday low prices and an extensive product assortment, operating mainly from large out-of-town supermarkets and hypermarkets across the UK. it was acquired by US retail titan Walmart in a £6.7bn deal. Walmart sought to reduce its exposure to the fiercely contested British market and, after a merger with Sainsbury’s was blocked by the Competition and Markets Authority, eventually sold a majority stake in Asda to petrol forecourt tycoons the Issa brothers in February 2021.
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News
Asda sales jump as Mohsin Issa hails ‘good progress’
Asda has announced an increase in total ex-fuel and like-for-like sales as owner Mohsin Issa said the supermarket made “good progress” in the quarter.
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Retail Navigator Analysis
Asda (Strategy)
Asda plans ‘mixed-use redevelopment’ of its 10-acre Royal Park site in North West London to create a ‘new town centre’, including an Asda Superstore and 1,500 homes, in partnership with property development firm Barratt London. Asda said that “sustainability will be at the heart of this new site”.
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News
Union confirms strike dates at Asda Brighton supermarket
Supermarket workers at the Asda Brighton Hollingbury store have announced strike dates as they prepare to walk out for the first time.
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News
Asda to create new ‘town centre’ and build homes in London
Supermarket giant Asda has become the latest retailer to branch into residential property, unveiling plans to build 1,500 homes and create a new town centre in London.
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News
Asda delays debt until next decade as it completes £3bn refinancing deal
Asda has completed a refinancing of £3.2bn of its debt, which the supermarket said will push the “majority of its maturities into the next decade”.
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News
Asda slashes prices on over 100 products worth £70m
Asda has announced a new round of price cuts on 126 essential items worth £70m as part of its strategy to reduce the price of shopping for customers.
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Retail Navigator Analysis
Asda (SWOT)
Asda has acknowledged that gaining access to EG Group’s ‘entrepreneurial experience in convenience retail’ was a key factor in the decision to sell to the forecourt retailer. The expansion of the Asda On the Move convenience format pilot that was kicked off on a handful of EG forecourts towards the end of 2020 is accelerating rapidly, with over 160 in place by May 2023 and the rollout set to gain still further momentum now that Asda has purchased EG Group’s UK and Ireland operations.
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Interview
Mohsin Issa: ‘I’m absolutely committed to Asda's long-term success’
Asda owner Mohsin Issa talks to Retail Week to discuss the rumoured split with his brother, supermarket strikes, his search for a CEO and his long-term vision for the grocer
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News
Asda sales and profits increase as it continues focus on growth
Asda has reported increased sales and underlying profits as the supermarket continues its strategy to focus on growth.
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News
Asda co-owner Zuber Issa close to selling £500m stake
Asda co-owner and billionaire Zuber Issa is reportedly edging closer to securing a deal to sell his £500m stake in the grocer to private equity firm TDR Capital.
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News
Fourth Asda store votes for strike action
Members of the GMB union in a fourth Asda supermarket have voted to take industrial action. Meanwhile, the Asda Lowestoft store has announced strike dates in May.
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News
Zuber Issa to stand down as EG Group co-CEO
Zuber Issa, co-founder of EG Group, intends to relinquish his role as co-chief executive of the petrol station empire he helped to build.
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Analysis
How significant are the new retail rules on greenwashing?
As retail giants Boohoo, Asos and George at Asda today signed formal agreements to make changes to their green claims as a result of action from the CMA, Retail Week explores the significance of this move for fashion retail.
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Opinion
‘Under new management, customer complaints are music to the ears at Morrisons’
It was Microsoft tycoon Bill Gates who said “your most unhappy customers are your greatest source of learning” – now Morrisons seems to be taking the same view.
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News
Asos, Asda and Boohoo pledge to clean up ‘misleading’ green claims
Asos, George at Asda and Boohoo have signed formal agreements to make changes to their green claims, following action from the Competition and Markets Authority (CMA).
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News
Third Asda store set to strike
A third Asda supermarket has voted to strike over what the GMB union describes as a “litany of issues”.
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News
Some Asda workers still waiting on correct pay
Supermarket giant Asda has said that some staff are still waiting to receive their correct pay, days after an IT issue left thousands short in their pay packets.
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Opinion
‘Being a high-performing retail leader today is harder than ever’
The role of retail chief executive is not for the faint-hearted, but former Walmart International boss Judith McKenna embodies some of the best leadership characteristics, believes Spencer Stuart’s Sally Elliott
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News
Asda confirms staff pay rise and new benefits
Asda has confirmed its latest pay rise for retail staff, as well as the launch of two new employee benefits, as it becomes the “highest-paying traditional supermarket”.
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Analysis
Revealed: What shoppers really think about supermarket loyalty schemes
Supermarkets have flooded the market with next-generation loyalty schemes to give back to their customers – but do shoppers actually think of them as a reward? And after speculation about their value, do they trust that the prices they see are genuine?