Is Asda in decline?

It marks the latest in a series of drops, with Asda's sales having fallen every month since March 2024. The latest decline meant its share of the grocery market slipped to 11.8pc in the middle of August from 12.7pc a year earlier.

Is Asda struggling financially?

Asda still struggling but George shines, plans 10 more fashion and home standalones next year. Supermarkets giant Asda continues to struggle but its George clothing and homewares brand remains a beacon with sales rising in Q2.

Who is bigger, Tesco or Asda?

Tesco is the largest supermarket chain in the United Kingdom.

Is Asda selling up?

This brings the ownership of Asda to 67.5% by TDR Capital, 22.5% by Mohsin Issa, and 10% by Walmart Inc. The transaction is set to complete in Q3 2024. TDR Capital invested in Asda alongside the Issa brothers, and together they took majority ownership of the business in June 2021.

Are Asda getting rid of staff?

Asda has already made a series of management changes, including a major round of redundancies announced in March. The supermarket folded the management of its IPL sourcing and logistics division into its central management function.

What's for tea this week? (25th Aug - 31st Aug) 2025

Are Tesco getting rid of staff?

Tesco has said it will cut around 400 jobs across its stores and head office to "simplify" its business during a market "more competitive than ever".

How much does an Asda worker get paid?

How much does ASDA in London, England pay? The average ASDA salary ranges from approximately £16,262 per year for Retail Sales Associate to £88,909 per year for Director. Average ASDA hourly pay ranges from approximately £12.55 per hour for Sales Assistant to £13.78 per hour for Service Associate.

Why are people boycotting Asda?

Asda have been accused of 'spying' on customers after rolling out a new initiative to tackle shoplifting. The major supermarket has faced backlash for using live facial recognition cameras.

Is Asda being asset stripped?

Dozens of Asda workers and a life-size cut out of boss Manjit Dale staged a protest today [Tuesday] outside Asda Bedminster in anger at asset stripping of the supermarket.

Is Walmart buying Asda?

Acquisition by the Issa brothers and TDR Capital

In February 2021, Mohsin Issa, Zuber Issa and TDR Capital acquired Asda, which at the time was valued at £6.8 billion. Walmart retained "an equity investment" in Asda, a seat on the board and "an ongoing commercial relationship".

Which supermarket chain is growing fastest in UK?

Marks & Spencer revealed as UK's fastest-growing supermarket

Marks & Spencer has been revealed as the UK's fastest-growing supermarket, with sales up 12.4% in September. M&S's sales figures from Kantar – seen by The Telegraph – put it ahead of rivals including Lidl and its own online partner Ocado.

What is the future of supermarkets?

Overall, a high degree of digitization could reduce the labor hours needed to run a future supermarket by around 40 percent. As shopping migrates online, brickand- mortar stores will need to respond, in particular by turning shopping from a transaction into a pleasurable lifestyle activity.

What is the most expensive supermarket in the UK?

Waitrose continued to be the most expensive supermarket, with an average price of £242.91 for the 100-item basket – £57.08, or 31%, more expensive than Aldi.

Is Morrisons in financial trouble?

Morrisons faces £701m of finance costs as it continues to battle with high debt repayments in the wake of its £10bn takeover by private equity firm Clayton Dubilier & Rice (CD&R). The supermarket's debt pile stood at £7bn at the end of last October, down from £8.6bn a year earlier.

Is Asda overpriced?

UK grocer Asda is still too expensive on core and high-volume SKUs, with more than half (56%) of products priced higher than those of Tesco and Aldi, an analysis by Bernstein showed.

Are Asda staff getting a pay rise?

Since it was acquired by its shareholder group in 2021, Asda has invested more than £500 million in retail pay and increased its hourly base rate by 35%, from £9.36 to £12.60. In addition, Asda has confirmed it will introduce new and enhanced family-friendly policies for all employees from July.

Is Asda falling apart?

Market share slipped to 11.8%, down from 12.7% a year earlier and well below the 15% recorded in 2021, when the chain was acquired in a debt-fuelled takeover by TDR Capital and the Issa brothers. The latest decline leaves Asda the only major UK supermarket to register falling sales in the period.

Is Asda getting rid of staff?

In November last year, the company confirmed the redundancy of 475 staff and announced cuts to hybrid working opportunities. The May 2025 quarterly report also showed troubling financial trends, with Asda reporting a near 6 per cent drop in revenue, down to £5 billion for Q1.

Is Asda in trouble in the UK?

Industry data published last week showed Asda's sales fell 2.6% over the 12 weeks to August 10 year-on-year, with its market share down 0.9 percentage points to 11.8%. Asda is in danger of being overtaken by discounter Aldi, which was only 1 percentage point behind with a market share of 10.8%.

Is Asda being sold off?

TDR Capital became the majority owner of Asda towards the end of 2024. Asda is now under the majority control of private equity giant TDR Capital after billionaire Zuber Issa sold his shares in the supermarket giant.

Is Asda fighting for survival?

ASDA's chairman, Lord Stuart Rose, has now publicly called for Mohsin Issa to step aside from the day to day running of ASDA. Nadine Houghton, GMB National Officer, said: “Asda's plummeting market share is entirely down to TDR Capital's financial mismanagement and ASDA is now in a fight for survival.

Why is everyone boycotting stores?

Consumers have been boycotting retailers and businesses for several reasons, including rollbacks by companies on their diversity, equity and inclusion efforts and what some organizers have called corporate greed.

Do ASDA staff get a bonus?

The supermarket's bonus scheme typically covers around 10% of its 134,500 employees, equating to approximately 14,000 workers. One former senior employee told the paper that morale would be “rock bottom,” and warned that some managers could look for new opportunities elsewhere.

What do ASDA managers earn?

ASDA pay FAQs

The average salary for a Manager is £51,341 per year (estimate) in United Kingdom, which is 71% higher than the average ASDA salary of £30,000 per year (estimate) for this job.

Is working at ASDA a good job?

Is ASDA a good company to work for? ASDA has an overall rating of 3.4 out of 5, based on over 12,727 reviews left anonymously by employees. This rating has increased by 2% over the last 12 months. 52% of employees would recommend working at ASDA to a friend and 36% have a positive outlook for the business.