The Reykjavik District Court has ordered Hagar to pay ISK 315 million in fines for abuse of market position. Read the full story

Iceland’s Arion Banki has decided to list retail giant Hagar on the Reykjavik stock exchange as a public listed company. Read the full story

A Finnish business that specialises in the sale of gardening equipment has been raided by local police under suspicions that the operation is deliberately promoting the purchase and use of home cultivation equipment for growing cannabis. Read the full story

Ordinary supermarkets will soon start to stock sex toys in Finland in what is believed to be a first for Nordic countries. Read the full story

Representatives of a large investment group wishing to buy Iceland’s Hagar retail business say they have been locked out, claiming to be disappointed on behalf of the man on the street. Read the full story

The recent spate of retail news in Iceland continues with Time Magazine’s look at Icelandic fashion designers and the proposed takeover of some of the country’s biggest retailers by the man on the street. Read the full story

Keflavik International Airport, the biggest international gateway in Iceland, is both relaxing and exciting, with a comfortable artistic ambiance and a host of great shops. Brands including Burberry, Calvin Klein, Gucci, Bvulgari, Boss, Diesel, Breitling, Tagheur and Raymond Weil cost less at Keflavik than in many other airports and big cities; and up to 50 percent cheaper than in Reykjavik. Read the full story

The weakened Swedish national currency, the krona, is luring Finnish shoppers from across the border looking to cash in on favourable exchange rates. Since the autumn of 2008, the krona has depreciated by 15 percent compared to the euro, and this means some worthwhile savings are available to Finns in Sweden. Read the full story

Icelanders’ use of credit cards has reduced this Christmas, and people are paying with cash in larger numbers than they have in years. The banknotes in circulation increased to ISK 13 billion at the height of the crisis in October – an incredible figure for a country whose debit and credit card use is among the highest in the world. Read the full story

Boutique Herdubreid has just opened on Baronsstigur in central Reykjavik just in time for Christmas.

The new boutique is located in an architect’s studio – which has become available due to the massive reduction in new architectural projects. Read the full story