(Bloomberg) -- The world's largest online retailer Amazon.com Inc. has announced plans to launch in Sweden via the website Amazon.se.
“The next step is to introduce a complete retail offering in Sweden, and that is what we plan to do now,” said Amazon's Alex Ootes in a statement.
The move into the Nordic region's biggest economy comes at a time when the U.S. retail giant is benefiting from an influx of consumers trying to avoid physical stores during the coronavirus pandemic.
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Last week, the U.S. company reported record profits and projected third-quarter revenue of up to $93 billion.
“We are positive on Amazon's plans and are convinced that the increased competition will lead to even stronger growth for e-commerce in Sweden,” said Per Ljungberg from the Swedish Digital Trade association.
Read More: Amazon Is Planning to Open in Sweden This Fall, DN Reports
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