Blog: Why Asda is vital for Wal-Mart
Dean Best | 21 February 2008
As predicted, Asda looks likely to gain most from the moves to inject more competition into the UK grocery sector.
It was telling that Asda’s announcement yesterday (20 February) of a wave of planned new stores in the UK – and the creation of 9,000 jobs – came just days after news that there would be changes to the regulations governing the grocery landscape in the UK.
The company’s planned expansion also speaks volumes of the confidence its parent, Wal-Mart, has in increasing its share of the UK market.
What’s more, it was Asda that boosted Wal-Mart’s performance in 2007, so any further growth in the UK is vital for the folks in Bentonville.
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