Walmart-Owned Asda Sees Sales Rise In First Quarter
Ahead of its proposed merger with Sainsbury's, Walmart-owned UK retailer Asda has posted a 3.7% increase in net sales in the first quarter of its financial year.
While Walmart doesn't reveal individual sales figures for the different aspects of its International division, of which Asda is a part, the UK retailer saw basket size increase by 3.3% and traffic increase by 0.1% in the period.
Comparable sales were up 3.4%.
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