• The Financial Times reports that Walmart is replacing the CEO of Asda, its UK division for the second time in 18 months, in what clearly is a recognition that the company needs something different to arrest the market share declines that it has been suffering at the hands of discounters Aldi and Lidl.

CEO Sean Clarke will leave Asda at the end of the year, FT writes, though he will remain at the company in a still-to-be defined role. He will be replaced by Roger Burnley, who has been serving as COO at Asda; Burnley returned to the company last year after a decade at Sainsbury.