GLASS EMPTY Major drinks brand sold in Asda, Sainsbury’s & Morrisons COLLAPSES into administration as boss admits ‘times are tough’ ...

Asda's owner has suffered from a loss near to £600 million last year, as sales at the grocer's group have reportedly fallen.

Asda’s parent company slumped to a near £600m pre-tax loss last year as the supermarket group faced falling sales, heavy debt servicing costs and ongoing challenges migrating IT systems from ...

Asda, whose George fashion range is modelled by Yasmin Le Bon (pictured), fell into the red in 2024 after making a £180m profit in 2023.

Supermarket chain Asda made a near-£600m loss last year during a period of struggle, the company’s new accounts have revealed.

Asda slumped back into the red after losing almost £600m in 2024 despite its total sales rising by more than £1bn, it has been revealed. The Leeds-headquartered supermarket giant has posted a pre-tax ...

Asda has slumped £600m into the red as the retailer struggled with a mountain of debt and invested hundreds of millions of pounds in a bid to turn around its fortunes. The slide from a £180m pre-tax ...

Asda plunged to a near £600mn loss last year as weak trading, a costly IT upgrade and asset writedowns combined to push the troubled supermarket chain deep into the red.

Kantar’s latest figures have been picked up by several papers, with the majority of headlines focused on rising inflation and the potential impact of GLP-1 weight-loss drugs on falling volumes. The ...

Asda has reported a pre-tax loss of nearly £600m in 2024, despite an increase in total sales exceeding £1bn. The supermarket giant, headquartered in Leeds, revealed a pre-tax loss of £599m for its ...

Disclosure: This analysis draws from my professional experience in enterprise architecture and technology implementation across various industries, including observations of AI applications in energy ...

Data: Asda struggles as Aldi and Lidl gain market share amid rising grocery costs 24th June 2025 Georgia Wright Grocery News Research ...