Steve Pappas, vice president of Costco in Europe, says that Costco loves Iceland but he is disappointed with Weetabix sales
Grocery shopping turns out to be about twice as cheap in Costco Canada, compared to Costco in Iceland.
Costco representatives visited Iceland a few weeks ago to familiarize themselves with the Icelandic phenomenon known as “the Christmas book flood” (jólabókaflóðið).
Icelandair had a 40% increase in cargo flights this July compared to the same month last year. The increase can partly be traced to Iceland's demand for imported Costco products.
Almost from the moment that wholesale retail club Costco opened its doors at the end of May, locals have speculated on what would become of its two most famous members: the enormous metal elephant and giraffe statues that resided in the middle of the store.