Norwegian online stores are experiencing record sales during the pandemic. At the same time, corona restrictions have led to a crisis for clothing and shoe stores.
In February, turnover in Norwegian online stores increased by as much as 74% compared with the same month last year, according to a report from Virke, the main organization for the trade and services industry in Norway.
“These are record numbers for the industry. The strong online growth in the first two months of the year must be seen in connection with periods of closed stores in central parts of the country, and also that the comparison was made with months before the corona (pandemic) in 2020. It will be interesting to see how e-commerce develops when the pandemic is over,” director for trade in Virke, Harald J. Andersen, noted.
On the verge of bankruptcy
The shoe and clothing stores, which are subject to infection control restrictions, have, on the other hand, experienced a decline in turnover of 19% and 34%, respectively.
“It is critical and shows the seriousness of the situation. Many parts of the business community are strongly affected by the infection situation and the new corona restrictions. There is an obvious risk that many may go bankrupt before infection control measures have been phased out and demand picks up,” he warned.
Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance
Do you have a news tip for Norway Today? We want to hear it. Get in touch at email@example.com