• In the UK, This Is Money reports that Walmart-owned Asda Group is looking to gain some sales momentum - hard to do in the face of very tough competition from discounters such as Aldi and Lidl - with a price slashing tactic that it says will make it "5 per cent cheaper than Sainsbury’s and Tesco on a range of key branded goods."
"News of the reductions emerged," the story says, "after a fresh round of financial results from leading retailers, which showed that the price wars and increasing competition from discounters Aldi and Lidl are taking a toll on profits."
"News of the reductions emerged," the story says, "after a fresh round of financial results from leading retailers, which showed that the price wars and increasing competition from discounters Aldi and Lidl are taking a toll on profits."
- KC's View:
