Boom in Danish internet shopping set to continue  

2009.04.21
DIBS Payment Services forecasts that internet shopping will grow by 12-14% with Danes spending some DKK 20bn in webshops during 2009
Denmark's economy as a whole may be in recession, but it seems there is one segment that is going very much in the opposite direction – purchasing via the internet. DIBS Payment Services, the Nordic region's principal supplier of payment solutions, forecasts that internet shopping will grow by 12-14% with Danes spending some DKK 20bn (USD 3.5bn) in webshops during 2009, writes financial daily newspaper Børsen.
 
Internet shopping has been a Danish boom sector in recent times with turnover tripling between 2004 and 2007 to DKK 15.7bn (USD 2.75bn). In 2008 the figure was DKK 18.5bn (USD 3.24bn), and now the figure is expected to reach the DKK 20bn mark.
 
An industry expert commented to Børsen: "Results in 2008 were even better than we had expected, and we are noticing in our dialogue with e-traders that they are optimistic, despite the fact that consumers are  holding back."

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