Asda 4Q 2019 Comparable Sales Fell on Weak Clothing Sales
February 18 2020 - 9:30AM
Dow Jones News
By Matteo Castia
Asda Group Ltd. said Tuesday that like-for-like sales excluding
petrol declined in the fourth quarter of 2019, weighed down by a
sluggish clothing segment and overall challenging market
conditions.
Walmart's U.K. business reported a 1.3% fall in like-for-like
sales for the three months ended Dec. 31, 2019.
Asda said that its clothing unit saw particularly weak trading,
while its food segment was "more stable."
"Customers mindsets during the quarter were cautious and whilst
customers were enthusiastic for Christmas, they were more mindful
in their spending," Chief Executive Roger Burnley said.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
February 18, 2020 09:15 ET (14:15 GMT)
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