Asda returns to growth after more than two years

Asda, the UK's third-largest supermarket, has reported its first quarterly growth in over two years. This growth is attributed to lower prices and an improved online service, which are attracting more shoppers. The 0.2% rise in sales at established stores, excluding fuel, in the three months to the end of June, marks a significant milestone for the business. This turnaround is psychologically important for Asda, especially after a 2.3% sales decline in the previous quarter.

Why it matters

Asda's return to growth indicates improved consumer spending. Lower prices and better online services are attracting more shoppers.

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