Back to Search Start Over

Asda Profit Slides as UK Grocer Battles Stubborn Inflation.

Asda Profit Slides as UK Grocer Battles Stubborn Inflation.

Authors :
Linsell, Katie
Source :
Bloomberg.com; 3/29/2023, pN.PAG-N.PAG, 1p
Publication Year :
2023

Abstract

(Bloomberg) -- Asda reported a steep decline in earnings, a sign of how Britain's cost-of-living crisis is weighing on supermarket margins. "We took a conscious decision to support customers by investing heavily to mitigate the impact of inflation and keep prices as low as possible", said Mohsin Issa, Asda's co-owner. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
162754176