Asda has announced its plans to open 300 convenience stores across the United Kingdom over the next four years. Moreover, the convenience stores chain will also create approximately 10,000 new jobs during this time.
Asda Express store concept
Asda is accelerating its plans to roll out the new concept of Asda Express store. They have already opened two Asda Express stores. These two stores are located in Sutton Coldfield, near Birmingham, and Tottenham Hale, in north London. Moreover, they have announced to open 300 more such stores by end of 2026. The idea behind opening these chains to overtake Sainsbury and become the second largest grocery chain across the United Kingdom. In addition, Asda also wants to bring value and great products to a larger customer base. With these new stores Asda is forecasting a growth of 13%. Significantly, the development of a store network in this market is a key part of Asda’s long-term growth strategy.
“A key part of our growth strategy is to provide customers with more opportunities to shop at Asda closer to where they live or work. With more than three-quarters of the UK population visiting a convenience store in the last 12 months, the potential for growth in this market is significant. Our ambition is to become the convenience destination of choice by providing shoppers great value and a comprehensive and convenient range of products and services under one roof.” Asda co-owner Mohsin Issa said in a statement.
10,000 new jobs by 2026
The opening of Asda Express stores will bring plenty of employment opportunities nationwide. The company has announced that they intend to create approximately 10,000 new jobs by the end of 2026. However, the company has not shared any details regarding the nature of jobs they will offer.
Importantly, the 300 express stores do not include the convenience stores they are acquiring from Co-op in a $600 million deal. UK’s competition regulator is currently reviewing the deal.
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