Asda

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Asda Stores Limited
TypeSubsidiary
IndustryRetail
When it was createdLeeds, West Yorkshire, England (1965)
HeadquartersLeeds, West Yorkshire, England
Key peopleAndy Bond, Chief Executive
Things madeGrocery, General merchandise, financial services
Money earnedsee Wal-Mart
Operating income£638 m
Employees150,000 (2006)
ParentWal-Mart
Websitewww.asda.co.uk

Asda Stores Ltd. is a British supermarket chain. It sells food, clothing, toys and general merchandise at a very cheap price. It became a subsidiary of the American retail giant Wal-Mart, the world’s largest store,[1] in 1999.[2] It is the largest chain in the UK beating Tesco.[3]

References[change | change source]

  1. "Global powers of retail report - wal mart remains world's largest global retailer - Deloitte & Touche". deloitte.com. Retrieved 7 October 2008.
  2. "Wal-Mart buys Asda in UK retail shock". Eurofood. 17 June 1999. Archived from the original on 8 July 2012. Retrieved 6 April 2008.
  3. "Co-op buys Somerfield for £1.57bn". BBC News Online. BBC. Retrieved 6 October 2008.