Asda says could create 12,000 jobs over 5 years
LONDON, April 7
LONDON, April 7 (Reuters) - Asda, the British arm of United States retailer Wal-Mart, could create 12,000 jobs as it expands in Britain over the next five years, it said on Monday.
The announcement was made by Doug McMillon, Walmart's president and CEO, during a meeting with British Prime Minister David Cameron at Asda's Clapham Junction store in south London.
He was speaking ahead of Wal-Mart's first ever board meeting in the UK.
Asda, which is battling with J Sainsbury to be Britain's No. 2 grocer by sales behind market leader Tesco , already runs 577 stores in the country.
It plans to open more superstores, supermarkets, petrol station stores and click-and-collect points, particularly in the south of England where it is relatively under represented compared to rivals.
Asda said in February it would invest 750 million pounds ($1.3 billion) in 2014 in store openings, extensions and refurbishments. ($1 = 0.6020 British Pounds) (Reporting by James Davey; editing by Paul Sandle)