Asda to raise £568m in store sell-off as sales continue to fall

The GuardianThursday, November 20, 2025 at 3:30:31 PM
Asda to raise £568m in store sell-off as sales continue to fall
  • Asda plans to raise £568 million through the sale and leaseback of 24 stores and a distribution center, highlighting ongoing struggles with declining sales and market share.
  • This development indicates significant financial challenges for Asda, suggesting that despite attempts to enhance customer appeal, the retailer is unable to reverse its downward sales trend.
— via World Pulse Now AI Editorial System

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Asda to sell stores only to rent them back as it struggles with debt pile
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Supermarket chain Asda is selling 24 of its stores and will rent them back as it struggles with a significant debt burden. This move is part of a strategy to raise funds amid declining sales and market share.