Ahold Delhaize CEO Unfazed by Increased Online Retail Rivalry
- ‘We’re well ahead of the market’ on home delivery, Boer says
- Fourth-quarter profit margins beat analysts’ expectations
Photographer: Tim Boyle/Bloomberg
This article is for subscribers only.
Royal Ahold Delhaize NV’s chief executive officer is putting on a brave face as the owner of U.S. grocery-delivery service Peapod squares off against fast-growing Amazon.com Inc.
Amazon’s move into grocery stores by acquiring Whole Foods Market Inc. last year was seen as a challenge for traditional retailers, but Ahold Delhaize’s Dick Boer said the Seattle-based giant’s strategy is now basically comparable to what his company has been doing in the the country for a while.