That Asda, the UK arm of Wal-Mart and the country's second-largest retailer, is keen to open smaller stores is well-known throughout the industry. That Asda would buy the UK stores of discount chain Netto to...
Netto MD Claus Juel-Jensen today (27 May) spoke of his "heavy heart" at the discounter's imminent exit from the UK - but hinted the chain's business had failed to win over local consumers.
Asda has struck a deal to buy the UK stores of discount chain Netto as part of the Wal-Mart arm's bid to run smaller stores in the country.
Asda, the UK arm of Wal-Mart, said today (15 April) that it plans to open 100 small supermarkets over the next five years in a bid to become the "clear" number two food retailer in the country.
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