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New Black Friday record for Swedish online stores

Online sales during the Black Friday shopping festival hit a new record in Sweden this year, with retailers recording annual growth of 10 percent.

New Black Friday record for Swedish online stores
A shoe shop in Sickla outside Stockholm on Black Friday. Photo: Jessica Gow/TT
“Hype and hysteria and yet another record for online retailers this Black Friday,” Daniel Larsson, chief executive of Sweden’s DIBS Payment Services, said in a press release on Sunday. 
 
“Nowadays half Swedes shop during Black Friday, most of them on the internet, and many buy their Christmas Presents then. We think this trend is here to stay.” 
 
The 10 percent leap in online sales for Black Friday follows an even more impressive 14 percent increase last year. 
 
 
Larsson put the slight slowdown down to retailers spreading their offers out over more than one day, with some extending it to Thursday or over the weekend, and others opting to a Black Week to replace the single day of deep discounts. 
 
An investigation by the opinion research company YouGov, found that roughly half of Swedish people intended to buy something on Black Friday, 28 percent of them on the internet, a five percentage point increase on last year. 
 
Next week DIBSs’ mother company Nets will come out with more numbers on Black Friday sales made by shops on the high street and in shopping malls. 
 

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SHOPPING

Danish stores to remove MobilePay from payment options

Over 500 shops in Denmark will no longer offer the popular app MobilePay as a payment option after the platform ordered merchants to purchase new hardware.

Danish stores to remove MobilePay from payment options

The Dagrofa corporation, which owns chains including the Meny and Spar supermarkets, has announced it will remove MobilePay as a payment option in its stores, business media Finans reports.

The decision could impact less than 1 percent of payments in the store which are currently made using MobilePay, the company said.

READ ALSO: 17 essential phone apps to make your life in Denmark easier

“The primary reason is that MobilePay will from now on demand a technical setup for the payment system in stores and with the investment that will neee, we have concluded that’s not the way we want to go,” Dagrofa’s head of communications Morten Vestberg told Finans.

Dagrofa owns the Let-Køb and Min Købmand convenience store chains in addition to Meny and Spar.

The decision will mean MobilePay is removed from some 530 stores altogether, although individual stores may choose to retain the payment app.

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