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Asda posts positive sales growth for third quarter
Asda has announced that like for like sales, without fuel, were up 1.3% in the third quarter (up to 30 September 2010). Profits for the same period also grew ahead of sales, beating internal targets.
Highlights
- Profits grow ahead of sales
- Successful launch of Chosen By You range
- Extra Special ranges revamped for Christmas
- Asda.com hits record sales and continues to grow at 30%
- 7,500 new jobs announced for 2011.
During the quarter, Asda relaunched its core range called Chosen By You, upweighted activity around the Asda Price Guarantee leading to a four-fold increase in weekly comparisons, and experienced record sales via Asda.com which is continuing to grow at 30%. It also significantly lowered the cost of core commodities like milk.
Source: Asda
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