Asda plans to open 300 new convenience stores in the next four years as part of its quest to supplant Sainsburys as the UK’s second-largest grocer.
The supermarket chain, owned by TDR Capital and brothers Mohsin and Zuber Issa, is currently number three with a 14% market share. It currently lacks a large convenience store estate because its previous owner, Walmart, prioritised big-box formats.
The supermarket chain now wants to expand its Asda Express and Asda on the Move stores.
