Supermarket boss Andy Clarke says grocer reached a nadir but is bouncing back from the 4.7% drop in quarterly sales
Asda boss Andy Clarke has insisted the supermarket is bouncing back after reaching “a nadir” as he revealed the chain’s worst quarterly sales figures.
The retailer blamed a competitive grocery market, in which rivals have been slashing prices and offering discount vouchers, for a 4.7% fall in sales at established stores in the three months to 30 June.
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Source: The Guardian Circular Economy RSS