Asda's leadership insists the supermarket is on the right path. But the numbers tell a different story. In late May 2025, the retail giant reported a 4.2% drop in like-for-like sales for the first quarter of the year, its worst performance since being acquired by the Issa brothers and private equity firm TDR Capital in 2021.
The results, revealed just days ago, sent ripples across the UK's retail landscape. And while co-owner Mohsin Issa maintains a confident front calling the business 'a work in progress' it's clear that the road to recovery is proving longer than expected.
