Sunday 23rd Oct 2016 - Logistics Manager

Asda home shopping centre opens next week


Asda plans to open its second dedicated home shopping centre next week. The announcement came as parent group Walmart released its second quarter results.

The retailer says the new centre will provide enhanced coverage in an area of low market share for Asda.

In June, Asda acquired Standard Life Investments’ 109,163 sq ft warehouse in Enfield as a new home delivery depot to serve north London.

It expects to extend its online capacity in North London by around 50 per cent. The centre, due to open in mid-August, will create 300 new jobs.

The retailer has also been looking to improve operating efficiency. Speaking at the announcement of Walmart’s second quarter results Walmart International president and chief executive Doug McMillon said expenses as a percentage of sales declined slightly as the Asda “we operate for less” programme continued to deliver efficiencies. As a result, operating income grew faster than sales.

In May, Asda announced its intent to acquire from Dansk Supermarked A/S, the Netto Food stores located in the U.K.