Asda and Tesco kick off latest fuel price war March 10, 2014 SUPERMARKET chain Tesco kicked off another fuel price war yesterday, swiftly followed by Asda, following a decline in the wholesale cost of petrol and diesel despite escalating political unrest in Ukraine. Tesco cut the price of its petrol and diesel by one pence per litre (ppl) from yesterday afternoon. Asda is lowering its diesel by [...]
Asda hires new finance chief as Richard Mayfield joins Walmart November 26, 2013 ASDA has appointed a new chief financial officer after announcing yesterday that Richard Mayfield is to leave the retailer after just a year in the role to join parent company Walmart. The grocery chain said Alex Russo will join the group in January from Peruvian restaurant franchise specialist Delosi, which works with brands including Starbucks, [...]
Asda still set to expand even as revenues slow August 15, 2013 ASDA, Britain’s second largest supermarket, said yesterday that it would continue to carry out an “aggressive” growth strategy building more stores, as it reported a slowdown in second quarter like-for-like sales. Grocers like Tesco have called an end to an era of rapid growth known as the “space race”, turning their attention instead to online, [...]