Asda pushes for more convenience stores as it chases UK market share

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Leeds-based Asda, owned by the Issa brothers, plans to open 300 new retail stores in the UK by the end of 2026 under the Asda Express banner

The Leeds-based retailer owned by the Issa brothers plans to open 300 new stores by the end of 2026 under the Asda Express bannerAsda is accelerating its push into convenience stores as the UK’s third-largest supermarket operator seeks to expand its market share.

It has been a goal of Asda for some time to grow in convenience stores as rivals Tesco and J Sainsbury already have large established networks. This latest push is on top of Asda’s recent purchase of more than 100 petrol stations and convenience sites from The Co-operative Group for about £600m. “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,” said Mohsin Issa.

 

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