Asda's IT Upgrade Blamed for Sales Drop

Asdas sales plummet due to IT upgrade, blaming Project Future for a 2.8% drop, causing empty shelves and online delivery issues. Mr. Leighton, Asdas executive chairman, attributes the setback to poor integration and insufficient testing, potentially losing market share to Aldi. Despite recent improvements in product availability, Asda faces pressure to reduce debt amid rising interest rates and a downgraded debt rating.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.