Asda’s technological independence from Walmart put to the test by a £1 billion loss

While the British n°3 largest grocer after Tesco and Sainsbury’s posted sales down by 1.5% to £5 billion in Q1 2026, the recent publication of Asda’s Annual Report and Financial Results document for the fiscal year 2025 (by Bellis Finco) gives the financial scale of technological migrations. Indeed, although Asda (2025 turnover: £25.9 billion, down by 3.4%) left the Walmart fold in 2022 (the U.S. giant  still controls a 10% share, with the private equity player TDR Capital as majority sharehold