Asda's chief calls for fuel duty freeze
The chief executive of Asda has said he expects trading conditions in the grocery sector in 2013 to be as "tough" as this year and has called for the Government to "freeze" the rise in fuel duty planned for January.
Andy Clarke made his comments as he unveiled a slowdown in the Leeds-based supermarket's like-for-like sales in its last quarter, although he said it had "outperformed" the market.
On the scheduled 3p per litre rise in fuel duty, Mr Clarke said: "Families are under pressure so issues such as fuel duty could not be planned at a worse time just after Christmas."
Asda, which is owned by the US giant Walmart and has 555 stores, posted a meagre 0.3 per cent rise in like-for-like sales over the quarter to 29 September, which was ahead of Tesco and Morrisons but behind the 1.9 per cent growth at Sainsbury's.
Mr Clarke said: "Two thirds of mums have told us that 2013 will be as tough as this year."
- 1 Sainsbury's '50p challenge' poster telling staff to encourage customers to spend more placed in shop window instead of staff room
- 2 Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
- 3 Isis an hour away from Baghdad - with no sign of Iraq army being able to make a successful counter-attack
- 4 Yes, the iPhone 6 is a miracle, but it's Apple's tax affairs that deserve a double take
- 5 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
Isis could become 'world’s first truly terrorist state' and bomb UK with nuclear and chemical weapons, Theresa May warns
Car tax disc changes: Five facts you never knew about your (almost obsolete) tax disc
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
Isis an hour away from Baghdad - with no sign of Iraq army being able to make a successful counter-attack
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...