UK's Asda says stems loss of shoppers to discounters
date:May 16, 2014
my perspective ... We are in control of our agenda and not knee-jerking and reacting to what others may decide to do.

Chief Financial Officer Alex Russo said Asda's price cuts in the first quarter had narrowed the gap with discounters and widened the gap versus its three big rivals.

SLOWEST RATE

Data from market researcher Kantar Worldpanel last week showed UK grocery sales growing at their slowest rate for at least 11 years over the past three months, reflecting price cuts and easing food pr
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