Asda hits a new nadir as it posts worst ever quarterly sales

Asda has reported its worst ever quarterly performance as like-for-like sales fell a whopping 7.5% for the three months ending June 30.
The poor second quarter performance compares to a 5.7% fall in Asda’s first quarter and represent an eighth consecutive quarter of decline.
Former Asda CEO Andy Clarke had previously claimed a 5.8% sales drop (in the last three months of 2015) as the supermarket having “reached its nadir”. But the decline has continue leavin