Asda boss Bond checks out
Andy Bond, chief executive of the UK's number two retailer Asda, will step down from his role, it was announced today (12 April).
In the spotlight: Bond bows out as Asda boss
12 April 2010
In a shock announcement today (12 March), Wal-Mart revealed that Andy Bond is stepping down as chief executive of Asda. The news has raised many an eyebrow in the world of UK retail, as it comes hot on the heels of speculation that Asda is gearing up for a major acquisition and ahead of a highly-anticipated investor meeting. Bond's departure – and the appointment of his successor – will prove telling not only for Asda but also for the landscape of the UK's retail sector, Katy Humphries suggests.
UPDATE: UK: New Asda CEO will need to step up growth - analyst
12 April 2010
Asda will need to be more aggressive in its growth strategy with the appointment of a new CEO, according to analysts.
UK: Asda CEO Bond to step down
12 April 2010
Andy Bond is to step down as chief executive of UK retail giant Asda.
IRELAND: Superquinn cools takeover talk
12 April 2010
Irish food retailer Superquinn has again moved to quell long-running rumours that the company is a potential takeover target for multinational retailers, including Tesco and Asda.
UK: Slowing inflation hits sales at UK grocers - Kantar
30 March 2010
Sales among the UK's major retailers grew by 3.6% in the 12 weeks to 21 March but slowing food inflation has weighed on growth, according to the latest data from Kantar Worldpanel.
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