Asda pain mounts as sales slump and job cuts bite

Asda’s turnaround efforts are facing renewed scrutiny as it rucks against falling sales, shrinking market share and mounting pressure to cut costs. The company is pushing ahead with a wide-ranging overhaul under executive chairman Allan Leighton, who returned to the business in 2024, as it attempts to reverse several years of underperformance. However, the Asda’s...