The multinational retail titan has said it will throw its weight behind Asda, its troubled British unit./strong>
Editor’s Remarks: Though Asda enjoyed years of success as the UK’s cheapest supermarket, particularly after Walmart bought it in 1999, it has struggled of late as German discounters Aldi and Lidl broke further into the British market. Walmart International’s chief administrative officer has now told of plans to ramp up Asda’s access to its US parent’s firepower, sharing its purchasing power from own-brand products to property in order to hold off cut-throat price competition in the UK. Asda’s drops in sales are starting to steady up, and may turn to positive growth in light of growing shop visitor numbers in the 12 weeks running up to February.
What to watch: Asda, Walmart, Aldi, Lidl, Tesco, Sainsbury’s, Morrisons