UK supermarket Asda seeing 'green shoots' of recovery
LONDON (Reuters) -The boss of British supermarket Asda said he was seeing "green shoots" of recovery after the group slowed the rate of its sales decline in its first quarter, helped by lower prices and better product availability. Asda, Britain's third largest food retailer after Tesco and Sainsbury's, said like-for-like sales in the four months to April 30, adjusted to include Easter trading, declined by 3.1% - an improvement on the 4.2% fall in the previous quarter. Asda said it had seen further improvements in May.
Reuters
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1 hour ago
