Asda 'grocery sales up in good October' |
| Thursday, 06 November 2008 | |
 Asda had a strong October thanks to increased grocery and clothing sales, its American parent company Wal-Mart said today.But the retail giant refused to go into detail and give any figures concerning Asda's performance during the month. Mike Duke, vice chairman at Asda, said: "Asda had another strong month as a result of increased customer count." The company added that Halloween merchandise was "ahead of expectations", alongside higher food sales. Asda is set to reveal its third-quarter sales figures on 13 November. Wal-Mart's international net sales fell by 5.9% to $6.8bn (£4.28bn) in the four weeks until 31 October. But net sales in the US rose by 5.3% to £11.59bn, Wal-Mart revealed. Documents filed at Companies House this week said Asda's profits in 2007 were hit by Office of Fair Trading probes into price-fixing on milk and tobacco. The retailer has also said in the past month that it will look to double the number of products it stocks that are locally sourced. Related Articles
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