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Asda says could create 12,000 jobs over 5 years
April 7, 2014 / 5:21 PM / 4 years ago

Asda says could create 12,000 jobs over 5 years

LONDON (Reuters) - Asda, the British arm of United States retailer Wal-Mart (WMT.N), could create 12,000 jobs as it expands in Britain over the next five years, it said on Monday.

A sign for the ASDA supermarket chain stands outside a store in London, January 23, 2012. REUTERS/Finbarr O'Reilly

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 (SBRY.L) to be Britain’s No. 2 grocer by sales behind market leader Tesco (TSCO.L), 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.

Reporting by James Davey; editing by Paul Sandle

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