Asda to invest £700m

ASDA has reported a 4.5% rise in annual sales as the supermarket group revealed plans to invest more than £700m into online, new and existing stores in a move that will create up to 2,500 jobs.

The major investment will include investment into new and existing stores as well as improving the Leeds-based group's supply chain.

Asda, which saw 2012 sales including petrol grow to £22.8bn, said that although bricks and mortar stores were central to growth, the shape of its investment had shifted its focus to accelerating... For the full story register now for free or login below...