Asda's sales flat

Asda is continuing to struggle after recording flat third-quarter like-for-like sales and market share.

The UK retailer’s sales performance and profit “fell short of the plan” according to parent company Wal-Mart

Mike Duke, head of international operations at Wal-Mart, said that "the UK market continues to be very competitive and challenging".

According to Wal-Mart, Asda’s total sales were “essentially flat”, growing by a mid-single digit percentage in the quarter to October 31. It also failed to increase market share against rivals Tesco and Sainsbury’s.