Photographer: Simon Dawson/Bloomberg

Asda Sales Drop Worsens as Grocer Is Hurt by Tesco Recovery

  • Wal-Mart unit `not a business in financial crisis': Clarke
  • CEO sees discounters controlling 15% of U.K. grocery market

Asda, the U.K. supermarket chain owned by Wal-Mart Stores Inc., swatted away concern over its deteriorating performance after its declining sales went from bad to worse.

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