Asda, the British retailer, witnessed its Q3 like-for-like apparel sales grow by 1.2 per cent – partly owing to the popularity of its back-to-school range.
However, the retailer saw like-for-like general merchandise sales go down by 3.1 per cent in the quarter that ended 30 September 2021.
Notably, the total like-for-like sales (excluding fuel) fell by 0.7 per cent in the quarter, but the retailer’s like-for-like sales rose by 2 per cent on a two-year basis.
Here it is imperative that Asda’s online sales remained significantly higher than pre-pandemic levels – it was 80 per cent up from what it was in the third quarter of 2019.
Asda, reportedly, told investors that it has also chartered its own cargo ship to protect the availability of all integral festive products that include the likes of apparels and toys.
Only last month, the British retail giant had extended its partnership with UK-based fashion retailer New Look to 10 stores following a successful trial.
Founded in 1949, Asda generated £22,899.2 million in 2019.