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Asda fourth quarter sales growth slows to 0.1 pct

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(Globalpost/GlobalPost)

LONDON, Feb 21 (Reuters) - Asda, the British arm of U.S. retailer Wal-Mart, said underlying sales growth had slowed in the fourth quarter of its financial year.

Britain's second-biggest supermarket chain behind Tesco said on Thursday sales at stores open over a year, excluding fuel and VAT sales tax, was up 0.1 percent in the 14 weeks to Jan. 5, its fiscal fourth quarter.

That followed a third quarter rise of 0.3 percent.

http://www.globalpost.com/dispatch/news/thomson-reuters/130221/asda-fourth-quarter-sales-growth-slows-01-pct