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Asda staff to share in £2.6m bonus after sales edge higher

Asda president Andy Clarke warned against complacency

Asda president Andy Clarke warned against complacency

  • by SCOTT REID
 

Thousands of staff at Asda’s Scottish stores will share in a £2.6 million bonus pot after the supermarket chain managed to increase its annual sales.

The payout will see full-time workers receive a bonus of up to £255.15 each, while staff at the Asda Living store at Glasgow Fort will be rewarded with a “superbonus” of up to £437.50 for exceeding their annual target.

Fourth-quarter results revealed that like-for-like sales, excluding petrol, grew by 0.1 per cent in the 14 weeks to 5 January. For the full year, like-for-like takings were up 1 per cent on a year ago.

Asda’s president and chief executive Andy Clarke said he was pleased with the performance against the backdrop of a “tough market”.

“Our multi-channel, George and general merchandise are all performing well,” he added. “We have seen online clothing sales growing faster than the market, with our biggest online Christmas ever. But this is no time to be complacent. It’s likely to be a challenging and uncertain year ahead and so we will continue to focus on the customer and adapt the business to their needs.”

Hayley Tatum, executive people director for Asda, which has some 550 stores and depots, said: “Our colleagues are the real heroes of our business and I’m delighted that we are able to reward their efforts in this way.”

News of the rewards for UK staff came as parent company Wal-Mart posted a rise in its fourth-quarter profits. The US-based retail giant benefited from a delayed hike in the effective tax rate.

Net income rose 8.7 per cent to almost $5.9 billion (£3.9bn) during the three-month period.

Last week, e-mails from Wal-Mart executives, leaked by Bloomberg, described sales 
figures for early February as a “total disaster”.

 

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