Asda reported a 1.6% decrease in its comparable sales for the third quarter (Q3) ended 30 September, 2014.

 Q3 Highlights:

  • Online sales grew 19.6% as a result of the expansion of its Click and Collect service.
    • Opened 148 click & collect sites in Q3.
  • Launched two new large store formats in Coventry and Grantham
  • Asda’s market share increased 9 basis points to 17.6%.

Future Growth Initiatives:

Continued focus on Every Day Low Cost, Every Day Low Price (EDLC=EDLP) through sourcing direct relationships with International Procurement Limited (IPL).

  • Since the acquisition of IPL in 2009, Asda has saved over GBP190 million
  • Expects to operate around 600 Click & Collect sites by the end of FY 2014.
  • Plans to launch automated Click & Collect pods, in Q1 2015, that can cater to 1,000 orders per week.