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ASDA sales suggest supermarket strength

Sales at supermarket Asda were up 1.8% in the second quarter of the year, as consumers splashed out over Easter – it’s the first time the firm has reported positive quarterly sales figures for three years.

Official figures show that UK retail sales were up by 0.3% overall, despite fears that rising inflation would squeeze household budgets and slow shopping.

Asda’s sales uptick comes after it reported its worst ever quarterly performance last year when sales slumped 7.5%. Walmart chief executive Doug McMillon said he was encouraged by the latest UK sales figures.

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