retail news in context, analysis with attitude

• Ahold management this week is laying out its expectation that the total company e-commerce sales will reach $1.7 billion (S) this year, and hopes to reach $3.1 billion in 2017 by making a $75 million (US) investment in its various online retail brands, including Peapod in the US.

The company said in a statement that "to stay in the forefront of omni-channel retail, Ahold has invested in technology, marketing and online capabilities. Following the acquisition of bol.com in 2012, the company now employs over 1,000 IT experts, based in four technology hubs in the U.S. and the Netherlands."
KC's View:
I think that Ahold's investment in e-commerce will, in the long run, be seen as the smartest thing that the company's leadership ever has done. It is an investment not just in technology, but in the future.