5/23/13

AutoZone’s e-commerce sales increase 80% in the third quarter

The Q2 purchase of AutoAnything contributed to that increase.

Kevin Woodward , Senior Editor

E-commerce sales shifted into high gear in the third quarter for auto parts chain retailer AutoZone Inc. as it also reported a growth in overall sales and income.

For the third quarter ended May 4, AutoZone, No. 129 in the Internet Retailer Top 500 Guide, reported:

AutoZone’s December acquisition of AutoAnything spurred much of the online sales growth, said William C. Rhodes, AutoZone chairman, president and CEO, during a conference call with analysts about the results. “There are great opportunities for e-commerce sales growth on both a business-to-business basis and to individual customers, or B2C,” Rhodes said. “While these [online] businesses are relatively small for us at just 3.5% of our total sales mix, we are experimenting to understand where the most potential exists.”

For the first three quarters of fiscal 2013 AutoZone reported:

AutoZone’s fiscal year ends Aug. 24.

Topics:

AutoAnything, AutoZone, car parts, cars, e-commerce, engine parts, financials, oil filter, Profit, revenue, Sales, sparkplug, third quarter results, tools, Top 500, truck parts, Trucks

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