Wal-Mart's Asda returns to like-for-like sales growth

[Sports News]

Supermarket Asda, the British arm of the world's biggest retailer Wal-Mart, returned to underlying sales growth in its first quarter as price-cuts started to attract thrifty shoppers. Asda, which trails market leader Tesco, by annual sales and is vying with Sainsbury's to be Britain's No 2 grocer, said like-for-like sales rose 0.1 percent in the 15 weeks to April 20 compared with the same period last year. Data from market researcher Kantar Worldpanel last week showed UK grocery sales growing at their slowest rate for at least 11 years over the past three months, reflecting price cuts and easing food price inflation. That data showed Asda was the best performing of Britain's big four grocers, which also include No.4 Morrisons.

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