UK's Asda Warns of Sales Hit from Completion of Walmart IT Separation
Asda, Britain’s third-largest supermarket group, said on Thursday that sales in its current quarter would be dented by disruption linked to the final phase of a major IT overhaul separating its systems from former owner Walmart.
Walmart sold Asda to Zuber and Mohsin Issa and private equity firm TDR Capital in 2021. Since then, Asda has been separating more than 2,500 systems from Walmart, which retains a 10% stake in Asda.
The project completed this week, with all stores, food depots and office systems...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.