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Asda reveals 2016 slump in sales

Sales falls and lower profits at supermarket Asda in 2016 have been revealed in detail in newly-filed accounts.

Asda suffered more than most and, unlike others, has struggled to fight back. In May, it reported decreasing sales in the first quarter of 2017 - the 11th consecutive quarter of falls - as it continued to lose ground to its rivals.

However, Asda added that despite the disappointing results, there had been an improvement following "strategic changes" under new boss Sean Clarke.

Mr Clarke, who replaced previous chief executive Andy Clarke a year ago, has slashed the prices of everyday items as he attempts to arrest falling sales.

The chain reported a 2.8% fall in like-for-like sales in its first quarter of this year, a moderate improvement on the previous period, which saw sales fall 2.9%.