Asda’s chairman will set out his plan to revive the troubled supermarket this week.
Allan Leighton will face questions over how the beleaguered chain can compete with rivals amid rising inflation.
The UK’s third biggest grocer reports its second quarter results on Thursday.
Industry figures last week revealed it to be the worst-performing major supermarket over the three months to August 10.
Sales fell 2.6 per cent to £4.22billion over the period, making it the only grocer to see sales plunge, apart from the Co-op which saw a 3.2 per cent drop.
Its market share has fallen from 12.7 per cent to 11.8 per cent in the past year, market researcher Worldpanel said.
Sales crisis: Asda chairman Allan Leighton will face questions over how the beleaguered chain can compete with rivals amid rising inflation
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
InvestEngine
InvestEngine
Account and trading fee-free ETF investing
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you
#Asda #crowned #Britains #worstperforming #major #supermarket #chairman #sets #revival #plan
