Asda feels Brexit bite

ASDA bosses have blamed ‘customer concerns over Brexit’ after the supermarket suffered sliding sales over the past three months.

The supermarket chain reported a 0.5pc decline in like-for-like sales in the quarter to September 30, as it dipped from 0.5pc growth in the previous quarter.

Doug McMillon, the boss of Asda owner Walmart, said

Brexit fears ‘continue to negatively affect customer spending patterns’ for the chain. On Tuesday, data from Kantar said Asda sales declined by 1.2pc in the 12 weeks to November 3.

The big four supermarkets all reported recent declines, falling behind rapid growth from discounters such as Lidl, which saw 8.8pc sales growth over the period.