Wednesday, 19 August 2020

Up-for-sale British grocer Asda targets online expansion

By James Davey
LONDON (Reuters) - Asda, the British supermarket arm of the world's biggest retailer Walmart, said it would expand weekly delivery capacity to one million slots next year to meet the demand for online grocery shopping spurred by the COVID-19 crisis.
Walmart, whose attempt to sell Asda to UK rival Sainsbury's for 7.3 billion pounds ($9.6 billion) was thwarted by Britain's competition regulator last year, said last month it had restarted talks with potential buyers of a majority stake in the supermarket chain.
Asda and Walmart made no comment on the progress of those talks in their statements on Tuesday.
Asda said online grocery sales doubled and click-and-collect sales quadrupled during its second quarter to June 30 - a period when Britain was in lockdown for all but a few days.
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