With falling sales and new boss Allan Leighton saying the turnaround 'could take 3-5 years', what does the Leeds-based business need to do to avoid a terminal decline?

insiders highlight the frequency with which Walmart extracted billions of pounds in dividends from its UK outpost over the years. “They treated it as a cash cow,” one Asda source said.

Walmart says it may sell a majority stake in Asda, its UK supermarket, after "inbound interest" in the idea. The US retail giant said it was talking to a "small number of interested parties" about ...

Asda has said Walmart remains “incredibly supportive” of its effort to extract itself from the US chain and former owner’s IT systems, after reports it will face millions in penalty fines for missing ...

Asda has kicked off the year no retailer wants to, with its worst Christmas since 2015 and a redundancy round.

The business clearly needs strong leadership and as one former Asda senior executive ... It has been a painful divorce from Walmart for Asda’s IT systems and failures have plagued the grocer ...

Around the same time, Asda embarked on a program called Project Future to set up IT systems independent of Walmart, to provide everything from ERP and HR systems to security and store operations ...

Struggling Asda is threatened ... made Project Future one of his top priorities. He subsequently handed control to Lord Rose, who confirmed the prospective Walmart penalty charge in an interview ...