Ahold to Focus on Strengthening Core; Seeks EUR2.5 Billion Online Sales By End 2017
April 15 2015 - 11:39AM
Dow Jones News
By Ian Walker
Dutch supermarket retailer Koninklijke Ahold N.V. (AH.AE) said
Tuesday it plans to invest to improve customer experience, as well
as grow its omni-channel approach to reach its target of 2.5
billion euros ($2.75 billion) of online consumer sales by the end
of 2017.
Speaking to shareholders at the company's annual general
meeting, Chief Executive Dick Boer said the group's current targets
under its 'responsible retailing' strategy will expire at the end
of 2015 and it is currently finalizing new ambitions for 2020,
which it will share in the second half of this year.
"We continue to work toward our targets, and actively engage
with stakeholders," Mr. Boer said adding that all actions will be
supported by the company's strong balance sheet and cash flow
generation.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
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