Asda to build 40 major superstores over five years

Aaron Morby 5 years ago
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Supermarket giant Asda is planning an ambitious five-year store building programme to increase its regional spread in the south.

The chain, which is vying with Sainsbury’s for the second biggest UK market share, will build 40 major superstores and well as a further 100 new supermarkets.

The expansion plan will also include 150 forecourt shops. Two-thirds will be in the south east, London, Cornwall and Devon.

The announcement came after Asda owner Wal-Mart chief executive Doug McMillon met Prime Minister David Cameron in an Asda at Clapham Junction in London on Monday.

McMillon said: “A seismic shift in the structure of the retail market is underway – not just in the UK – but right across the world.

“Asda recognised the change in its market and took early action to develop and implement a strategy that will see it grow.”

Asda has 577 shops in the UK, mostly in the north, and has about 17% national market share.

If planning can be obtained to deliver the ambitious programme of store openings up to 12,000 jobs will be created.

 

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