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Dec. 2 (Bloomberg) -- Wal-Mart Stores Inc.’s Asda supermarket chain may take longer than planned to meet a goal of overtaking Tesco Plc as the U.K.’s largest non-food goods seller, according to the head of its George clothing brand. Asda’s objective of surpassing its rival by 2015 may be hindered by a slowing economy, with a volatile consumer climate and increased sourcing costs becoming the “new normal,” George Managing Director Andrew Moore said in an interview. “We are still motivated by the challenge of significantly growing our non-food business, but we might have to take a leaf from George Osborne about the timescale on it,” Moore said at his offices in Lutterworth, England.
Wal-Mart’s Asda Sees Delay Overtaking Tesco in U.K. Non-Food
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The world’s biggest corporation and the world’s most populous nation have launched a bold experiment in consumer behavior and environmental stewardship: to set green standards for 20,000 suppliers making several hundred thousand items sold to billions of shoppers worldwide. Will that effort take hold, or will it unravel in a recriminatory tangle of misguided expectations and broken promises? Susan Meiselas/Magnum Photos B eside the Fifth Ring Road, one of the superhighways encircling Beijing like concentric shock waves radiating outward from the epicenter of an earthquake, sits an enormous big-box installation, one of thousands now proliferating throughout China. The parking lots flanking it are gridlocked with late-model cars and ruddy-faced peasants-turned-workers pushing long, snake-like trains of shopping carts toward the entrance.

