Delayed Christmas shopping
Last week, Norwegians shopped for close to NOK 14,3 billion. This is an increase of more than NOK half a billion compared to the same week last year, according to sales statistics from 170 malls across the country, collected in a survey conducted by Kvarud Analysis for Virke – the Federation of Norwegian Enterprises. People started the Christmas shopping late this year, but it looks like the numbers are on track with regard to our prognosis of a three percent increase, explains chief economist in Virke, Lars Haartveit. Poor weather conditions made for a slow start to the Christmas season for the clothing and shoe industry, but in week 50 things turned and the industry experienced a 7 percent sales increase compared to last year. Interior and furniture stores have had an increase in sales of eight percent, and grocery stores saw a two-percent rise. Still, the biggest winner this year seems to be online shopping. Sales online increased twice as much in the holiday season as they did in regular stores. Online stores had revenues of NOK 3,1 billion in November and December, a sales increase of approximately six percent compared to last year. (NRK/NTB) Julie Ryland
Saturday, 24 December 2011 07:30
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As Decembers’ pay ticked into people’s bank accounts, so did the revenue in stores across the country. From week 49 to week 50, the retail industry saw an increase in revenue of 31 percent.
A recent study reveals that five percent of Norwegian students who drop out of high school end up on welfare administered by the Norwegian Labour and Welfare Administration (NAV).
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A group of ten young victims who were found dead on the so-called "Love Path" at Utøya tried to pretend that they were dead, explained Marte Fevang Smith (18) in court.
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A total of 20,000 municipal employees may go on strike as of Thursday morning if the parties don't reach an agreement.
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Speaking at the NATO Summit in Chicago, Norwegian Prime Minister Jens Stoltenberg said NATO still is the most successful alliance in history, but added that these are challenging times for NATO.
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The Norwegian Church has decided to sell its Statoil shares in protest against the greenhouse gas emissions associated with the company's oil sand projects in Canada.
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Norway's population reached 5 003 000 on 1 April 2012, and increased by 17 100 in the first quarter. This is the greatest population growth ever registered in any first quarter, Statistics Norway reports.
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The Chicago summit should send a strong signal of NATO’s resolve to engage with Russia on nuclear issues, says Norwegian Foreign Minister Jonas Gahr Støre.
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The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) has charged two members of Yara's corporate executive management team.
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Due to changes in the Norwegian Constitution, as of May 21st Norway will no longer have an official State Church.
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