Asda (UK)

Supermarket chain Asda was transformed during the 1990s from one of the UK's drabbest retailers into a real powerhouse, nibbling at the heels of top dogs Tesco and Sainsbury. That process was capped by its acquisition in 1999 by US goliath Walmart. It is now the country's second largest supermarket business, having overtaken ailing Sainsbury in 2003, and has successfully widened its offering with enormously successful clothing brand George. For now, top-ranked retailer Tesco remains beyond Asda's reach. However, the acquisition of smaller rival Netto in 2010 promises to close the gap a little, while also widening Asda's lead over Sainsbury.

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Competitors: see also Retail Sector index for other companies

Subscribers may access the following website links:

Asda website

George

Asda Finance

Walmart

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