Asda grows UK market share to 17.5%

UK supermarket chain Asda reported today that its share of the UK grocery market has increased to 17.5%, up 0.1% year-on-year.

The retailer, which is owned by Wal-Mart Stores Inc (NYSE:WMT) in the US, is currently the UK’s second-biggest supermarket chain, behind Tesco. Sainsbury’s is in third place and Morrisons is fourth.

Asda said today that it out-performed the market in the 13 weeks to 29 September, its fiscal third quarter, with like-for-like sales (excluding fuel and VAT) rising by 0.3%.

Chief executive and president Andy Clarke heralded the supermarket’s “solid results in a tough market” and said that Asda was continuing to “strike the right balance in terms of delivering low prices, great quality and unbeatable service”.

The company also noted that money is increasingly tight for customers, despite the UK emerging from recession in the third quarter.

Asda’s latest income tracker reveals that, after a period of slight improvement, disposable income is relatively flat this month.

Official figures released today by the Office for National Statistics (ONS) confirm that consumers are reigning in their spending. Overall retail sales decreased by 0.8% in October 2012, as shoppers cut back on purchases of food and clothing.

TriCore Solutions relationship with Sonus networks now includes outsourcing

Based on the success of the cloud-based Oracle E-Business Suite implementation and hosting support, TriCore has extended its applications outsourcing relationship with Sonus Networks (NASDAQ: SONS) through the implementation and support of Microsoft Exchange Managed Services.

Based on the success of the cloud-based Oracle E-Business Suite implementation and hosting support, TriCore has extended its applications outsourcing relationship with Sonus Networks (NASDAQ: SONS) through the implementation and support of Microsoft Exchange Managed Services.

“We are always looking for ways to achieve operational excellence while driving technological innovation to meet current and future needs of the company,” said Bill Scudder, Sonus CIO and vice president. “We are leveraging cloud-based solutions for efficiency and time-to-value advantage. By working with TriCore,” Scudder continued, “they assume responsibility for back office technology and support staff while keeping our critical applications running 24x7x365. With the addition of mission critical email capabilities to their portfolio of services, we have moved another application into the cloud without adding another vendor to our management responsibilities.”

“We are extremely happy to further the relationship we have built over the past five years with Sonus,” said Robert Forman, president and CEO of TriCore. “It is great for all stakeholders when we can satisfy a need and then provide additional capabilities as a customer grows and their business demands allow us to grow with them,” Forman added.

Sonus helps the world’s leading communications service providers and enterprises embrace the next generation of SIP-based solutions including VoIP, video and Unified Communications through secure, reliable and scalable IP networks. For more information, visit www.sonus.net.