Asda Recovery Elusive With Ninth Straight Quarterly Sales Drop

Asda reported another quarter of declining sales but said demand in recent weeks has started to pick up at a grocer that’s still only “in the foothills of recovery.”

By Maddie Parker · Bloomberg Markets

Asda reported another quarter of declining sales but said demand in recent weeks has started to pick up at a grocer that’s still only “in the foothills of recovery.”