1. News
July 19, 2018

Supermarket retailer Asda plans to close Enfield Home Shopping Centre

British supermarket retailer Asda is planning to close its Enfield Home Shopping Centre in North London.

British supermarket retailer Asda is planning to close its Enfield Home Shopping Centre in North London.

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The decision follows the retailer’s investment in digital capabilities and the opening of two fully automated Home Shopping Centres in London over the last 18 months.

The two shopping centres, one in Heston and one in Dartford, created more than 700 new jobs and will enable the company to achieve increased capacity, improved accuracy and faster fulfilment.

The retailer is also entering a consultation with colleagues working at the facility as the closure proposals would affect them.

Opened in 2010, the facility currently employs 261 colleagues and serves the shopping needs of 4,500 customers each week.

“Restrictions on the site mean we are not able to make the necessary further improvements to meet the speed of fulfilment and product ranges.”

Asda grocery home shopping vice-president Simon Gregg said: “Despite great efforts by our colleagues at Enfield, restrictions on the site mean we are not able to make the necessary further improvements to meet the speed of fulfilment and product ranges that our customers now expect.

“Therefore, we’ve entered a consultation process with colleagues on proposals to close the facility.

“Our current proposals involve expanding capacity in our Heston centre and discussing options for colleagues to take on roles in other neighbouring stores.

“Whilst conversations about change are never easy, we would always work to find new opportunities for impacted colleagues, with redundancy as a last resort.”

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.