Online Grocery Sales Double, Click-and-Collect Quadruples
- Asda reports record online sales in Q2
- Online grocery sales doubled during the period
- Click-and-collect sales quadrupled
- Asda increases online capacity by 65% since March
- Plans to reach 740,000 weekly slots by end of year
- Fuel sales down initially but now at 90% of pre-Covid levels
- George Home sales up 13% ahead of market
- Extra Special range sees 19.4% sales uplift
- CEO Roger Burnley: ‘structural shift in customer behaviours towards grocery shopping’
- Focus on in-store experience and low prices
Asda has reported a significant increase in online sales during the second quarter of trading, with like-for-like sales excluding fuel rising by 3.8% year-on-year. Online grocery sales doubled and click-and-collect sales quadrupled as more customers turned to Asda for their shopping needs. The supermarket has increased its online capacity by 65% since March, now delivering 700,000 weekly slots with plans to reach 740,000 by the end of the year and further expand in 2021 to one million slots. Fuel sales initially dropped but have returned to 90% of pre-Covid levels. George Home sales grew 13% ahead of the market, while the Extra Special range saw a 19.4% sales uplift. CEO Roger Burnley noted the pandemic has caused a shift in customer behaviors towards grocery shopping and Asda will maintain focus on in-store experience and low prices.
Factuality Level: 10
Factuality Justification: The article provides accurate information about Asda’s sales performance, including specific numbers and details on their growth in various areas such as online sales, click-and-collect services, fuel sales, and product categories. It also includes quotes from the CEOs of both Asda and Walmart, providing insight into their strategies and responses to the pandemic.
Noise Level: 3
Noise Justification: The article provides relevant information about Asda’s performance during the pandemic, focusing on specific areas such as online sales, fuel sales, and product categories. It also includes quotes from key executives. However, it could benefit from more analysis or context on how these trends fit into broader industry shifts or consumer behavior changes.
Financial Relevance: Yes
Financial Markets Impacted: Asda’s sales performance impacts the financial markets of Walmart, its parent company.
Financial Rating Justification: The article discusses Asda’s sales performance and growth in various areas, which affects the overall financial health of the company. This information is relevant to investors and stakeholders in the financial market.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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