{"id":4401,"date":"2018-11-15T13:31:47","date_gmt":"2018-11-15T13:31:47","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/asda-revival-continues-as-sales-rise-again\/"},"modified":"2018-11-15T13:31:47","modified_gmt":"2018-11-15T13:31:47","slug":"asda-revival-continues-as-sales-rise-again","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/asda-revival-continues-as-sales-rise-again\/","title":{"rendered":"Asda revival continues as sales rise again"},"content":{"rendered":"\n
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<\/p>\n

\"AsdaImage copyright<\/span>
\n Reuters<\/span><\/p>\n

<\/span><\/p>\n<\/figure>\n

Asda sales jumped 2% in the three months to September as the recovery of the Walmart-owned supermarket continued.<\/p>\n

The result marked the sixth consecutive quarter of rising like-for-like sales, which strip out the effect of new stores.<\/p>\n

The retailer attributed the rise to the strength of its own-label brands.<\/p>\n

Asda has a 15.3% share of the UK grocery market, just short of Sainsbury on 15.8%.<\/p>\n

The two supermarkets plan a merger that will form the country’s biggest chain if the competition watchdog approves the deal. <\/p>\n

The Competition and Markets Authority is considering whether the deal will mean less consumer choice, higher prices or poorer service.<\/p>\n

The combined group would have 2,800 stores and 31.4% of the grocery market, but it may have to sell some stores to get the deal through.<\/p>\n

Between 73 and 300 supermarkets will need to be sold, according to industry estimates.<\/p>\n

The CMA will take into consideration the rapid rise of Aldi and Lidl<\/a> when determining how many stores should be sold off. <\/p>\n

That could lower the number of disposals “Sasda” is forced to make.<\/p>\n

In their own submission to the CMA, Sainsbury’s and Asda said the two German chains “have had the most profound impact” on the UK grocery market over the past decade.<\/p>\n

They now claim just over 10% of the market, according to Kantar Worldpanel<\/a>.<\/p>\n

<\/p>\n

Image copyright<\/span>
\n Sainsbury’s<\/span><\/p>\n

<\/span>

Image caption<\/span>
\n
\n Sainsbury’s bought Argos in 2016
\n <\/span>
\n <\/figcaption><\/figure>\n

A merger would allow Argos concessions to be put into Asda stores – a move that shoppers would welcome, according to Kantar research.<\/p>\n

Chris Hayward, a consumer specialist at the market research firm, said: “Consumers want convenience and to have to visit as few outlets as possible, which is why Asda’s shoppers have identified a need for more DIY, homecare, electricals, homewares and toys in its stores.<\/p>\n

“That’s not necessarily possible for Asda on its own, but as a one-stop-shop an Asda-Argos tie-up would play to the needs of Asda’s core family-oriented, time-poor demographic and could boost footfall at their larger out-of-town outlets.”<\/p>\n

Shares in Sainsbury’s fell 2.6% in afternoon trading in London on Thursday to 305p, while Walmart shares added 1% in pre-market trading in New York.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Reuters Asda sales jumped 2% in the three months to September as the recovery of the Walmart-owned supermarket continued. The result marked the sixth consecutive quarter of rising like-for-like sales, which strip out the effect of new stores. The retailer attributed the rise to the strength of its own-label brands. Asda has a … <\/p>\n","protected":false},"author":0,"featured_media":4402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4401"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/4402"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}