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Asda set for biggest year of growth

10th March 2011

SUPERMARKET chain Asda has confirmed plans to open 168 stores this year after the Office of Fair Trading cleared its acquisition of 194 Netto stores.

The increase in store numbers will make 2011 Asda's largest single year of growth ever.

Asda will spend £100m rebranding 147 of the Netto stores as the company moves into the small supermarket space while a further 47 will be sold on as part of commitments given to the OFT.

The OFT had asked Asda to find buyers for 25 of the 47 before the deal was completed......for the full story register now for free or login below...

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