Asda hits out at government for ‘killing confidence’ among consumers

The GuardianFriday, November 28, 2025 at 2:30:09 PM
Asda hits out at government for ‘killing confidence’ among consumers
  • Asda has reported a 3.8% decline in total sales to £5.1 billion for the three months ending September, attributing the drop to both government actions that have undermined consumer confidence and internal IT issues that led to product shortages. Comparable store sales also fell by 2.8% during this period.
  • The sales decline is significant for Asda, the UK's third-largest supermarket, as it marks a reversal from a slight growth of 0.2% in the previous quarter, indicating potential challenges in maintaining market share and consumer trust.
  • This situation reflects broader economic concerns, as consumer confidence is waning not only in the UK but also in the US, where high shop prices and falling stock markets are contributing to a negative outlook among shoppers, suggesting a potential trend affecting retail sectors across major economies.
— via World Pulse Now AI Editorial System

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