Sign in
Stories
Asda's Loyalty Scheme Boosts Profits
Share
Apple's Stock Soars, Markets Rebound
Crypto and Gold Market Insights
Gold Prices Surge on Rate Expectations
Australian Stocks Gain 1% as Tech Stocks...
Dow Futures Steady as Nasdaq's Worst Day...
Dow Futures Tick Higher as Nasdaq Contin...
Overview
API
Asda reports a 24% increase in underlying earnings to £1.1 billion in 2023, fueled by growth in food and clothing sales, with a significant boost from its loyalty scheme, Asda Rewards. The supermarket chain saw a 5.4% rise in like-for-like supermarket sales and a 3.4% increase in clothing sales.
Ask a question
How does Asda's loyalty scheme compare to competitors in the retail sector?
How might Asda's success impact consumer behavior and expectations in the retail industry?
What strategies could Asda implement to sustain and further increase its sales growth?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Jan 2024
Feb 2024
Mar 2024
Apr 2024
Coverage
clyde
wilts