The poor citizens of Iceland will have to live without their online retailer "Iceland". The company has finally figured out that offering frozen polar bear snacks for sale on the internet requires a sophisticated sales model and a large customer base.
'The online service is a loss-making operation and one in which we simply cannot justify further investment of either money or management time,' said Malcolm Walker, Iceland's (the company, not the country) founder and chief executive.
Seems like Iceland is finally stepping into the 21st century, an age in which ecommerce only flourishes because it makes for profitable companies. Maybe they are ready to hear about the war in Iraq next?
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