LONDON, Feb 19 (Reuters) – Asda, the British grocery store arm of Walmart that has agreed to be acquired by rival Sainsbury’s, reported a slowdown within the price of underlying gross sales progress in its fourth quarter.
The UK’s third largest grocer after market chief Tesco and No. 2 Sainsbury’s stated its like-for-like gross sales rose 1 % in its fiscal fourth quarter.
That compares with an increase of two.zero % within the earlier quarter. The replace marks the seventh straight quarter of underlying progress. (Reporting by Kate Holton; Enhancing by Alistair Smout)