EMCC European Monitoring Centre on Change

Asda

Company/Organisation:
Asda

Geographic Location

Country: United Kingdom

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
Number Employed: 143125
Group: Walmart

Employment Effects

Announcement Date: 20-02-2008
Type of Restructuring: Business expansion
Foreseen End Date: 28-02-2009
Planned Job Creation: 9000

Additional Information

Asda, the UK's second largest supermarket chain, has announced that it is to create 9000 new jobs. The jobs will be created in existing stores and opening new stores. 500 jobs will be created at new in-store pharmacies, and 1,500 will expand the companies home delivery arm. 7000 jobs will be created through the opening of up to 12 superstores, 10 Living stores and 12 store extensions. Asda announced its planned expansion the day after it reported that it had exceeded sales and profit targets for 2007. Asda's parent firm Wal-Mart said annual profits rose 8.6% but Asda did not offer details of its like for like sales growth except to say that sales rose by “mid single digits”.