Ahold says on course to meet U.S. online sales growth targets

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Ahold says on course to meet U.S. online sales growth targets
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Ahold Delhaize, which operates supermarkets in Europe and the United States, is ...

AMSTERDAM - Ahold Delhaize, which operates supermarkets in Europe and the United States, is on track to meet a 20 percent U.S. online sales growth target this year as it opens automated grocery distribution points along the East Coast, its chief executive said on Wednesday.

The comments came after Ahold said on Wednesday that group net consumer online sales rose 25 percent to 1.1 billion euros in the fourth quarter at constant exchange rates. Muller has said the company hopes to make acquisitions to meet targets of 20 percent online U.S. sales growth in 2019 and 30 percent in 2020.

In November, Ahold announced plans to roll out small, automated warehouses to increase order picking and cut delivery times, part of a revamp of its ecommerce business to help fight competitors like Kroger, Walmart and Amazon.

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