Asda UK’s 3rd largest retailer

Asda has overtaken arch-rival Tesco as the UK’s third largest clothing retailer by volume following a concerted effort by the Wal-Mart-owned supermarket to bolster its position in the market. According to industry figures released earlier this summer, Asda’s George clothing line leap-frogged Tesco to become the UK’s third largest clothing retailer behind Marks & Spencer and Primark. At the beginning of the year, it was half a percentage point behind Tesco in market share terms. In March this year Anthony Thompson, the former M&S executive who runs George, pledged to topple his old employer from its perch as the UK’s biggest clothing retailer within three years. Thompson left M&S last year after falling out with Sir Stuart Rose, M&S’s executive chairman.

Leave a Reply

Your email address will not be published. Required fields are marked *