Asda's 1Q Comparable Sales Rose as Pandemic Boosts E-Commerce, Smaller Stores
May 19 2020 - 9:23AM
Dow Jones News
By Matteo Castia
Walmart Inc.'s U.K. business Asda Group Ltd. said Tuesday that
comparable sales in the first quarter rose, as the pandemic and
lockdown boosted e-commerce and trading at its smaller stores.
The retailer said quarterly like-for-like sales excluding petrol
rose 3.5% year-on-year. As a consequence of the lockdown,
e-commerce performed well, but demand for nonessential items
dropped, it added.
"The supermarket also saw its smaller stores, located in the
heart of communities, perform strongly as customers preferred to
shop locally and avoid travel during the early weeks of lockdown,"
Asda said.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
May 19, 2020 09:08 ET (13:08 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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