UK: Asda confident after "very tough" Christmas
UK retailer Asda has reported "a good performance" during what it described as a "very tough" Christmas trading period.
Asda today (6 January) provided a brief update, although without a like-for-like sales number, on how it traded.
The UK arm of Wal-Mart said its "simple, every-day low-price strategy" led to "record footfall" at its stores, while other retailers started promotions early.
"This was a very tough December for retailers with price conscious customers leaving it later than ever before to buy presents and do their big Christmas food shop," Asda president and CEO Andy Clarke said.
"While some retailers hit the panic button early, at Asda we held our nerve and stuck with our simple strategy of no gimmicks, just every day low prices right across the store and online. It meant that customers trusted us to deliver not only on price, but also quality and good honest value. This translated into record footfall, both in store and online."
Asda noted 23 December was its "biggest-ever trading day" with 4.8m customers shopping with the retailer. On each of the previous two days, Asda's grocery home shopping site ran up GBP5m (US$8.2m) in sales for the first time.
Asda will report its trading figures for the fourth quarter on 20 February.
Canadean's "Delta Galil Industries Ltd. - Company Capsule" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major produc...
Discount retailer Lidl has pledged to eliminate all hazardous chemicals from its textile production by 1 January, 2020 - a move that has been welcomed by environmental pressure group Greenpeace....
- Supply chain takeaways from Sourcing at MAGIC
- Why voters don’t want more global supply chains
- Cotton supply chain transparency an ongoing issue
- No simple way to be sustainable, says SAC CEO
- Denim and athleisure top picks for back-to-school
- H&M takes action over Myanmar child labour breach
- Vietnam garment industry calls for strategy update
- US Q2 in brief - Sears, Burlington, Tilly's
- Zara USA faces US$5m deceptive pricing lawsuit
- Li & Fung eyes supply chain speed in 3-year plan
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Myanmar's Garment Sector in 2015 - now with updated members' directory