Asda Plans More Small-Format Stores

Wal-Mart's Asda chain here is planning to expand its fledgling smaller-format supermarket format in the U.K. to 100 locations by 2013, the company told analysts and investors at a meeting Thursday.

LEEDS, U.K. — Wal-Mart's Asda chain here is planning to expand its fledgling smaller-format supermarket format in the U.K. to 100 locations by 2013, the company told analysts and investors at a meeting Thursday.

The stores will help the chain, based here, "reach customers who find it difficult getting to one of our larger stores," said Andy Bond, Asda's president and chief executive officer, who earlier t

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