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Asda Unveils Aggressive New Stores Strategy

News, 22 February 2006

   LEEDS, UK - Britain's second largest supermarket chain has announced it will open at least 25 new stores this year as it seeks to recover from a difficult 2005.
   Asda, owned by US retail giant Wal-Mart Stores, says the new outlets will be a mixture of supermarkets, non-food shops and small neighbourhood stores.
   The strategy aims to recapture market share and remedy two consecutive quarters of missed sales and profit targets.