LONDON, May 18 (Reuters) - Asda, the British supermarket arm of Wal-Mart, the world’s largest retailer, said on Thursday its rate of sales decline eased slightly in its latest quarter as a new management team started to make its mark.
The UK’s third largest grocer after market leader Tesco and No. 2 Sainsbury’s said sales at stores open over a year fell 2.8 percent, excluding fuel, in its fiscal first quarter.
That compared to a decline of 2.9 percent in the previous quarter.
“When normalizing for Leap Day last year and a later Easter, we continued to see sequential improvement in comp sales,” Wal-Mart said.
It said Asda was beginning to see improved customer traffic numbers and basket sizes as strategic investments were made. (Reporting by James Davey; editing by Costas Pitas)