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Asda Ups Price Pledge, Says 2,300 Items Undercut Rivals’ Loyalty Prices

The move follows a sharp drop in Asda’s Christmas sales with market share down to 11.4%.

Overview

  • Asda says its strengthened Asda Price promise covers everyday staples across fresh meat, produce, chilled, core grocery and bakery lines.
  • The retailer positions these shelf prices below Tesco, Sainsbury’s and Morrisons loyalty-card prices without requiring customers to sign up.
  • As part of January incentives, shoppers using Asda Rewards get 10% back in their Cashpot on all fresh produce bought in-store.
  • Worldpanel reported Asda’s sales fell 4.2% in the 12 weeks to December 28 and marked a 22nd consecutive month of decline.
  • Competitor Tesco announced an Everyday Low Prices push to keep 3,000 branded products consistently low.