LONDON Feb 21 Asda, the British supermarket arm
of Wal-Mart, the world's largest retailer, reported on
Tuesday a tenth straight quarter of falling underlying sales,
though the rate of decline did ease significantly.
The UK's third largest grocer, which brought in a new chief
executive last July in an attempt to revive its fortunes, said
sales at stores open over a year fell 2.9 percent in the three
months to Dec. 31, its fiscal fourth quarter.
That compared to analysts' forecasts of a fall of 2-3
percent and declines of 5.8 percent and 7.5 percent in the
previous two quarters respectively.
Asda said it was encouraged by signs of improvement in the
(Reporting by James Davey; editing by Kate Holton)