.gif "Cash Connect")
UK: Asda to invest £700m, create 2 500 jobs
RETAILER NEWS
Fin24/ Reuters - Apr 24th, 10:05
London - Asda, Britain's second-biggest grocer, said on Tuesday it would invest over £700m ($1bn) this year in its online operations, new and existing stores and its supply chain, helping to create 2 500 new jobs.
The British arm of US retailer Walmart, which currently trades from 568 UK stores, said it will open 10 new stores in the remainder of the year - five superstores, four new small format supermarkets and one non-food outlet.
Two new stores have already opened this year.
Asda said the focus of its investment has shifted to accelerating its multichannel business, with stores supporting internet and smartphone channels.
The firm is investing in 'Click and Collect' facilities - where customers order online for collection in store - for George clothing and general merchandise in all its stores.
It said customers will be able to collect grocery shopping from almost 200 outlets by the end of 2013, including from stores and lockers at Asda petrol stations.
Asda grew total sales in 2012 by 4.5% to £22.8bn.
Related Retailers
|
MassmartThe Massmart Group comprises nine wholesale and retail chains, and one buying group - 288 stores and 470 buying Group members all focused on high-volume and low-cost distribution. They operate in 14 countries in sub-Saharan Africa through the Group�...Click here to read more about Massmart |
Related News
M&S steps up convenience store roll-out
24/10/2013 - 12:08
London - Britain's Marks & Spencer will step-up expansion of its Simply Food store network as it looks to benefit from growing consumer demand for smaller, convenience outlets, it said on Tuesday.
UK clothing label George hits local shelves, today
23/10/2013 - 12:51
Massmart will open the doors to three George pop up stores today, to give South African consumers a taste of the famous British brand of clothing.
Customers reward a better, stronger and clearer Pick n Pay
23/10/2013 - 10:54
In an extremely competitive market, customers have responded positively to decisive action by Pick n Pay to improve the shopping trip. In the first six months to 01 September 2013, the company delivered an improved financial performance over the previous period, growing Group till sales (owned and franchise stores) by 8.1%.
Report: Indian Reserve Bank to rule on Walmart probe
21/10/2013 - 11:44
Bentonville, Ark. – The Indian central bank is reportedly reviewing findings of an investigation into whether Wal-Mart Stores broke that country’s investment rules in 2010.
Walmart accelerating U.S. small store growth; upping tech investments
17/10/2013 - 11:18
Bentonville, Ark. - Wal-Mart Stores detailed a number of moves, including opening smaller stores in the United States, cutting back on overseas growth and increasing its investments in technology and e-commerce, on the occasion of the company’s 20th annual investor meeting.
