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UK supermarket Asda’s like-for-like sales rise 9.6% – ET Retail

UK supermarket Asda’s like-for-like sales rise 9.6% – ET Retail

Representative Image London: British supermarket group Asda reported stronger like-for-like sales in the second quarter, driven by higher demand for cheaper alternatives to branded grocery products amid a cost-of-living crisis, it said on Tuesday. Excluding fuel, like-for-like sales jumped 9.6% in the three months ended June 30, while revenue reached 5.4 billion pounds ($6.87 billion),...