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UK's Asda sales hurt by supermarket price war

Reuters - UK Focus

LONDON, Feb 19 (Reuters) - Supermarket Asda, the British arm of United States retailer Wal-Mart, said on Thursday same store sales fell in its Christmas quarter, hurt by an escalating industry price war.

Asda, which trails UK market leader Tesco (Xetra: 852647 - news) by annual revenue, said sales at stores open over a year, excluding fuel, were down 2.6 percent on a year ago in the 12 weeks to Jan. 4, its fiscal fourth quarter.

That compares to a third quarter decline of 1.6 percent. (Reporting by James Davey; Editing by Neil Maidment)