In the UK, published reports say that Wal-Mart’s Asda Group had a 16.6 percent market share for the just-finished quarter – essentially even with the 16.5 percent share it had during the same period a year ago. Analysts say this suggests that the company may have halted the gradual decline in share that it was suffering from in recent quarters.
Asda’s improvement didn’t seem to hurt market leader Tesco, though, which grew its share to 30.4 percent compared with 28.1 percent a year ago.
The UK remains a market dominated by four chains - Tesco, Asda, Sainsbury and Morrisons/Safeway combine to own 74.4 percent of the market, compared with 74 percent for the same period last year.
Asda’s improvement didn’t seem to hurt market leader Tesco, though, which grew its share to 30.4 percent compared with 28.1 percent a year ago.
The UK remains a market dominated by four chains - Tesco, Asda, Sainsbury and Morrisons/Safeway combine to own 74.4 percent of the market, compared with 74 percent for the same period last year.
- KC's View:
- Anyone who thought that Asda was going to be down for the count was deluding himself. This is a company that has been moving quickly to shore up its base and turn things around…and it isn’t at all surprising that its moves are working.
