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Asda's near-£1bn loss amid price cutting
Derby Telegraph
|June 20, 2026
ASDA has seen losses swell to almost £1 billion as it undergoes a major turnaround.
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The UK's third largest supermarket chain is aggressively cutting prices to try to restore its fortunes with shoppers.
However, the company came under pressure from a botched IT upgrade last year which hit product availability and dented sales.
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