business news in context, analysis with attitude

• Walmart-owned Asda Stores in the UK said today that it plans to invest the equivalent of close to $800 million (US) to open 25 new stores and three new warehouses there, as well as renovating 43 existing stores and creating some 5,000 jobs. The announcement comes after market leader Tesco said it would spend millions renovating its stores after a disappointing profit projection for the remainder of the fiscal year.
KC's View:
The competition has been hot and heavy the past few years in the UK ... but past, it seems, may just be prologue.