ASDA news and archive

UK competition regulator refers Sainsbury Asda merger for phase 2 investigation

The Competition and Markets Authority (CMA) in the United Kingdom confirmed Wednesday that the proposed merger between J Sainsbury plc and Asda Group Ltd. is being referred for an in-depth Phase 2 investigation. CMA noted that the deal raises sufficient concerns through its Phase 1 investigation for it to be referred for a more in-depth review....

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Rob McWilliam returns to Asda as Chief Financial Officer

Alex Russo, who had joined Asda in 2014 after 15 years gaining a range of experience in a variety of roles spanning the UK, Europe and Asia with Tesco, Kingfisher and Boots is leaving the business, Asda announced through a statement. The company added that Russo will leave Asda at the end of July, with Rob McWilliam, Asda’s former finance...

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Asda reports 21.9 percent sales growth at George.com

Walmart has reported its financial returns for the first quarter to March 31, 2018 including results for Asda ahead of the latter’s merger with Sainbury’s. The supermarket chain reported like-for-like growth of 3.4 percent in the quarter. Adjusting for Easter, which fell within the first quarter of 2018, like-for-like sales grew 1 percent. Asda...

ManagementFeatured

Sainsbury's shares rise 20 percent as it inches closer to Asda merger

J Sainsbury Plc and Walmart Inc. have agreed to a proposed combination of Sainsbury's and Asda Group Limited, a wholly owned subsidiary of Walmart, to create an enlarged business. The news of merger between Sainsbury’s and Asda, according to The Guardian, led the Britain’s stock market to its highest level since the start of February. The FTSE...

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Roger Burnley to succeed Sean Clarke as Asda CEO

Walmart International CEO Dave Cheesewright has announced that Roger Burnley would be taking on the role of Asda’s President and CEO from January 1, 2018. He returned to Asda as chief operating officer and deputy CEO in October 2016, joining the board following Sean Clarke’s appointment as president and chief executive in July 2016. Commenting...

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Bonmarché taps Helen Connolly as Chief Executive Officer

Bonmarché has appointed a new Chief Executive Officer following the departure of its former CEO, Beth Butterwick last Decemeber. The value fashion retailer has named Helen Connolly, senior buying director for George at Asda, to succeed Butterwick. Connolly is set to take up her new role at Bonmarché later this year, and "a further announcement...

Fashion Featured

Retail madness expected on 'Black Friday' and 'Cyber Monday'

Online giant Amazon UK predicts record numbers of shoppers to visit its site this year during 'Black Friday' and 'Cyber Monday,' while more and more UK retailers are beginning to jump on the kickoff to the holiday shopping bandwagon. Both 'Black Friday' and 'Cyber Monday' are retail promotional events which originated in the US and traditionally...

Apparel

Asda to phase out sandblasted jeans

Supermarket retailer, Asda, has confirmed that they will be starting to phase out the use of sandblasting on their George fashion line pieces. This announcement comes after new research has shown the damaging effects sandblasting techniques can have on workers’ health. "As part of Walmart's global commitment, we are already in the process of...

Trends

Sister by Sibling at Emerge

Playing host to directional designers, Topshop Emerge selected Sister by Sibling. Set up in 2008, designer collaboration Sibling created a capsule collection for Topshop’s emerging platform. Joe Bates, Sid Bryan, and Cozette McCreery launched the label out of desire to design mens knitwear with a kick. Topshop Emerge offers a platform for...