Asda hit by worst ever sales slump: Supermarket blames competition from discounters as revenues fall 7.5%
![Asda hit by worst ever sales slump: Supermarket blames competition from discounters as revenues fall 7.5%](http://i.dailymail.co.uk/i/pix/2016/08/18/21/2E4B886F00000578-0-image-m-2_1471552674137.jpg)
The supermarket giant, which has been trading since 1949 and is owned by America's Walmart, also said the falling price of food was a major factor in the dismal performance.