Fitch’s downgrade of ASDA reflects the agency’s belief that the turnaround at ASDA will take three years, with volumes and profitability only

The impact of the deal will be to layer the SSNs and SUNs with another £568m of debt. The use of the cash will be to support the turnaround of

Tesco is responding to ASDA’s price drops to protect its market share. The 5% - 10% gap on average baskets is expected to take three years to

The price cuts were always part of a long-term strategy, so the latest price cuts at ASDA may be a reflection of the overall strategy leading up to

Around 4,500 of the 30,000 SKUs in a large ASDA store are now being discounted. ASDA is trying to get suppliers to bear some

ASDA has completed the separation of its IT systems from Walmart, so losing the head of IT after only 15 months in the job is not as

More new senior managers for ASDA. Charlotte Rhodes has the CV to head the “own brand” division. Allan Leighton is introducing

ASDA’s new convenience business head has plenty of experience with the company. The major supermarkets spend a considerable amount of

ASDA needs to raise cash to fund price support, and management had already said that Sale and Leasebacks could be part of that. The recently issued

The slowing in the pace of decline in sales will be a relief to Allan Leighton. There is still a long way to go for the retailer, but this

The letter from the union is just a warning shot, and previous GMB strikes have been small, creating only minor

All turnaround plans require the removal of a layer of management. ASDA wants to see clearer decision-making at the

ASDA’s price reduction campaign is bound to lead to some coercion to get suppliers to take some of the strain. As we noted in our

George is a rare bright spot for ASDA, but expanding from dominance in kids’ clothing to adults will be tough, but we agree with the sentiment.