Asda, the UK's third-largest supermarket, is facing escalating costs in its tech separation from Walmart, now estimated at nearly £1 billion. Initially projected to complete within three years, the project timeline has been pushed into Q3 of its fourth year. Asda recently disclosed it plans to spend £175 million this year alone on creating independent IT systems and has cut 200 IT staff involved in the separation. Despite rising costs, Asda anticipates operational cost reductions by 2025, indicating a significant shift in its IT management strategy post divestiture from Walmart.
Asda's technology separation from Walmart has ballooned to nearly £1 billion, with the project expected to extend into the third year of the schedule.
Despite earlier projections of costs reaching £800 million, Asda now estimates spending £175 million on costs related to the project this year.
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