Small Icelandic company helping to create jobs

Most of the big Icelandic firms such as Baugur Group, FL Group and Moderna went bankrupt after the financial meltdown in Iceland when the three main banks Kaupthing, Glitnir and Landsbanki collapsed. One year later, and now a lot of the smaller Icelandic businesses are beginning to generate more energy and drive. One such company is the online shop specialising in selling Icelandic products, called the Nordic Store.

With a vast selection of Icelandic products for sale worldwide, the Nordic Store is without a doubt a leading online shop in Iceland, focusing on providing the internet shopper with the best produce Iceland has to offer. The products on sale range from clothes, jewelry, music, DVDS, maps, travels guides, books, arts and crafts, health and beauty, souvenirs, and even food and beverages.

After the bank crash, a group of former unemployed bankers bought out the company and since have transformed it into a million dollar business. According to the owners, the key to its success is to offer quality products in niche markets. Nordic Store has, for example, greatly increased the selection of hand knitted Icelandic wool sweaters that have become very popular online.

Over 50 local knitters have now been employed by Nordic Store to cope with the high demand, most of which were unemployed before, and the online store expects to bring on board more throughout the course of the year. With incentives like this, small businesses in Iceland are creating jobs and helping the economy to overcome the country’s deepest recession since the great depression in 1929.

For further details on the amazing selection of Icelandic products on offer and to make purchases, log on to www.nordicstore.net

Russell

Recent Posts

Base Station RF Power Amplifier Market to Experience Significant Growth Amid 5G Expansion and Rising Mobile Device Adoption

October 24, 2024 – Metastat Insights – The global Base Station RF Power Amplifier market…

2 weeks ago

World Leaders in Aeronautics, Defence, and Aerospace to Attend the Marrakech Air Show 2024

London, 23rd October 2024 – Under the High Patronage of His Majesty King Mohammed VI,…

2 weeks ago

Sunshine State Dentistry of Boynton Beach Launches New Website to Provide Patients with a Seamless Digital Experience

Boynton Beach, FL – September 10, 2024 – Sunshine State Dentistry of Boynton Beach, led…

2 months ago

Metastat Insights Projects Significant Growth in Tattoo Supplies Market by 2031

Sep 10, 2024 – Dallas, TX – A new report by Metastat Insights reveals that…

2 months ago

RIMC Celebrates 20th Anniversary, Bringing Global Digital Marketing Insights to Iceland

Reykjavik, Iceland – September 2024 – The Reykjavik Internet Marketing Conference (RIMC), Iceland's longest-running digital…

2 months ago

The Inspiring Journey of Sleipnir Tours

Hafnarfjörður, Iceland, July 16, 2024 – One evening in Iceland, Ástvaldur, the founder of Sleipnir…

4 months ago