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Costco Oil Leak Under Formal Investigation
The Environmental Agency of Iceland announced Thursday that it is opening an official investigation into the massive oil leak originating from the Costco-operated petrol station in Garðabær, RÚV reports. Last December, inhabitants of Hafnarfjörður and neighbouring communities complained to city officials about…
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Iceland’s Costco Selling Gold Bars At Considerable Mark-Up
Costco, the warehouse store known for selling food and household goods and reduced prices, issued a new offer to its members: gold bars, RÚV reports. A look at the prices Costco has asked for the different weights of the bars, and the…
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Well, You Asked: Huldufólk Hit Me Up
Do the Huldufólk watch TV? Do they use smartphones? Drive SUVs? Shop at Ikea and Costco? How about Elves and Trolls? –asking for a friend Dear friend, I know you’re asking for yourself, and that’s okay. Own your question. It’s good. The…
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Tonnes Of Icelandic Strawberries Thrown Out Since Costco Opened
Strawberry farmers say the opening of Costco earlier in the year has been detrimental to the profession as they are unable to compete with prices of imported berries, reports visir.is. “This has had a massive impact on us,” strawberry farmer Hólmfríður Geirsdóttir…
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News In Brief: Early November Edition
Our top story today is undoubtedly the results of the parliamentary elections and the ongoing coalition talks. Two new parties, the People’s Party and the Centre Party, got in, while Bright Future was wiped out. No one won enough seats to form…
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Prices Go Up At Costco
Prices at Costco have increased by as much as 26% for some items, undermining their image as the cheaper place to shop in Iceland. In a pricing poll conducted by Fréttablaðið, in conjunction with the Icelandic Confederation of Labour Unions, it has…
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The Costco Craze
The U.S. wholesale giant Costco opened in Iceland in May, taking advantage of the retail boom that has slowly grown up since the 2008 Icelandic financial crisis. As with most American visitors, Icelanders expected Costco’s presence to be cumbersome. But no American…
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News In Brief: Costco, Counter-Terrorism & Unsustainable Tourism
It seems like we can never get enough of Costco updates, mostly because what this company is doing seems unfathomable and no more real than a ‘Game of Thrones’ episode. This week, Costco has in fact lowered their gasoline prices by offering…
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Costco’s Wages Go Beyond What Icelandic Unions Demand
There’s been a lot of hype lately about the arrival of American low-price retailers Costco in Iceland. Icelanders have been practically over the moon about the things they sell that you can’t buy here, the lower prices at Costco for things that…
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News In Brief: Costco, Trains And Elves (Again)
It’s been a week since Costco has opened its doors to the Icelandic public and news about its interesting products and appealingly low prices are already shaking the country. Some expect it to inject the competition the local market needs, while others…
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A Costco Kind Of Madness
It’s another unremarkable, crisp Tuesday morning and I’m shaking my head at the disappointingly calm crowd that has been queuing in front of Costco all morning. I’m waiting for people to shove each other aside like animals at the watering hole or…
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Costco Be Thy Name, Thy Will Be Done
The Costco cult is here, and just own up to it pal, because you definitely belong to it. In the few days since it opened its doors, 64,674 people—corresponding to more than a fifth of Iceland’s population—have joined the Facebook group “Keypt í…
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Don’t Ask Nanna: To Say Nice Things About Iceland
Nanna, You’re always shitting on Iceland, can’t you say something nice about it for a change? Posi-Guy Hey Posi-Guy, Let me see what I can do. *Thinks. Sure Iceland’s cold, but at least it’s expensive. Nanna Hæ Nanna! What’s the best word…
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Costco Gas Prices Expose Oligopoly
Tomorrow, Costco opens its doors in Iceland and already the American wholesale giant is causing a ruckus in the Icelandic retail market, with its gas prices shaking up the competition. Cleverly Costco set the prices on their gas pumps at 169.5 krónas,…
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Prime Minister Wrong On Imported Meat
Prime Minister Sigmundur Davíð Gunnlaugsson made claims about meat from the US that were not actually true, an official from the Icelandic Food and Veterinary Authority (MAST) told reporters. Addressing attendees of a Progressive Party leadership meeting last Friday, the Prime Minister…
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Costco “Misunderstood” By Some Icelanders
An Icelander living in Canada told Icelandic radio that the fears of Costco coming to Iceland are based on erroneous information and misconceptions. “I think the discussion has gone in the direction of their being this American company coming here and making…
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The Risks of Importing Fresh Meat
In 1985, Áramótaskaupið, the annual New Year’s revue on RÚV, included this sketch, about a toll guard’s ambition to combat smuggling of fresh meat into the country, in the guise of migrant birds. The punchline is triggered by a bewildered observer who…
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MP Opposes Costco In Iceland
The parliamentary party chairperson for the Progressives says she is against Costco coming to Iceland, for “health reasons”. “[The Progressives] want to avoid saving a few krónur on imported meat at the expense of our health later on in life,” Progressive parliamentary…
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Costco Sets Sights On Iceland
The popular US wholesale chain store Costco has expressed an interest in opening up shop in Iceland, and are now hoping to get official approval. Two places for the store are currently on the table, RÚV reports: Kauptún in Garðabær and Korputorg,…