Asda is a chain of supermarkets in the United Kingdom offering food, clothing and general merchandise products. It became a subsidiary of the American retail giant Wal-Mart in 1999, and is currently the second largest chain in the UK after Tesco, having overtaken Sainsbury's in 2003.
Asda is Wal-Mart's largest non-U.S. subsidiary, accounting for almost half of the company's international sales. As of January 2006, there were 21 Asda/Wal-Mart Supercentres, 243 Asda superstores, 37 Asda supermarkets (including town centres), 5 Asda Living stores, 10 George clothing stores and 24 depots (distribution centres) - 340 in total. Asda has 150,000 employees, who it refers to as "colleagues" (90,000 part-time, 60,000 full-time). The company is also engaged in property development through its subsidiary company, Gazeley Properties Limited.
As a wholly owned division of Wal-Mart, Asda is not required to declare quarterly or half-yearly earnings. It submits full accounts to Companies House each October.
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