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Asda's Q1 sales down 3.9%, worst quarterly showing in more than 5 years

Thursday, May 21, 2015 - 05:50

London

ASDA, the British arm of US retailer Walmart, reported its worst quarterly sales fall in more than five years on Tuesday, but insisted its long-term strategy was the right one.

Asda, ranked second by annual revenue behind Tesco among British supermarkets, has been hit by an

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