Wal-Mart added that Asda had started 2008 with “mid single digit” like-for-like growth.
Asda’s stores achieved some of the highest sales volumes across the Wal-Mart global business.
Mike Duke, Wal-Mart vice chairman, said: “During the year, Asda was a winner in the UK, being the fastest growing of the big four retailers. In fact, Asda achieved above-market average growth every single month this year.
“Asda has now added almost two million customers and 50 basis points of market share since the start of 2006.”
President and chief executive Andy Bond added: “2007 was a vintage year for Asda.
“Although 2008 will be a tougher year for consumers, with increasing energy costs and inflationary pressures on core items, we, along with other retailers, have a responsibility to keep a lid on inflation.
“We will continue to be the undisputed price leader in the UK, aggressively rolling back prices by focusing on reducing our costs. We will also be challenging our suppliers to do the same.”
