Electronics Retail in Lillestrøm: Current Status and Future Outlook

The electronics retail industry in Lillestrøm is a relatively small but dynamic sector with 5 registered companies. In recent years, the industry has shown variations in sales and number of employees, with a significant increase in 2020 and stabilization in 2025. No bankruptcies have been registered among companies in this industry, but variations in operating results and turnover have been observed. Strømmen is the most important geographic hub for activity, with 3 companies and 86 employees. The industry has potential for further development, especially in connection with technological trends and consumer needs.

Sales and number of employees in the electronics retail industry in Lillestrøm have shown variations in recent years. Sales declined by 6.0% from 2016 to 2017, but rose significantly by 25.7% in 2020. In 2025, sales reached NOK 165.9 million, an increase of 4.4% compared to 2024. The number of employees decreased from 86 in 2016 to 77 in 2025, with an increase of 6.5% in 2026. The EBITDA margin is 2%, and the gross profit margin is high at 1114%, indicating good cost control.

There are 5 companies registered in the electronics retail industry in Lillestrøm, distributed across different organizational forms:

• Power Norge As Avd Strommen (AS, 43 employees, turnover NOK 158.2 million)
• Elkjøp Strømmen (AS, 38 employees, but no turnover or operating results)
• Kjell & Co Norway No022 Strømmen Storsenter (AS, 5 employees, turnover NOK 12.0 million)
• Jeppsson Consulting (ENK, 0 employees, no turnover)
• Pilar Invest As (AS, 0 employees, no turnover)

Most companies are AS entities, and there is a clear difference in turnover and operating results between the companies. Elkjøp Strømmen and Pilar Invest As have no activity, which may indicate that they are in the start-up phase or have ceased operations.

All 5 companies in the electronics retail industry in Lillestrøm are located in Strømmen, which is the only area with activity in this industry. Strømmen has 3 companies and 86 employees, with a turnover of NOK 170.2 million. No activity has been registered in other parts of Lillestrøm. This shows that Strømmen is the most important geographic hub for the electronics retail industry, and it may be an advantage for new companies to establish themselves there.

No bankruptcies have been registered among companies in the electronics retail industry in Lillestrøm. Nevertheless, variations in operating results and turnover have been observed. Elkjøp Strømmen has no turnover or employees, which may indicate that the company is in the start-up phase or has ceased operations. There is also a variation in the number of employees over time, with a decline from 86 in 2016 to 77 in 2025. This may indicate that the industry has been affected by external factors such as economic variations and consumer trends.

For entrepreneurs considering establishing themselves in the electronics retail industry in Lillestrøm, it is important to be aware of the recent stabilization in sales and number of employees. There is also a clear concentration of activity in Strømmen, which may be beneficial for new companies wishing to establish themselves there. However, it is important to be aware of the competition from existing companies, especially Power Norge As Avd Strommen and Kjell & Co Norway No022 Strømmen Storsenter, which have high turnover and operating results. It may also be advantageous to leverage technological trends and consumer needs to create unique value in the market.

When comparing the electronics retail industry with the broader agricultural sector in Lillestrøm, it is clear that agriculture has more companies (54) than the electronics retail industry (5). Sales in agriculture have shown a more stable development, with a decline of 1.0% from 2016 to 2017, but an increase of 3.8% from 2023 to 2024. The number of employees in agriculture has also shown a more stable development, with a decline of 7.3% from 2016 to 2017, but an increase of 5.2% from 2025 to 2026. In agriculture, we also find companies within optician stores, computer stores, and phone stores, which have higher EBITDA than the electronics retail industry. This shows that agriculture has a more stable and broader industry structure than the electronics retail industry.

The electronics retail industry in Lillestrøm has shown variations in sales and number of employees, but there is a clear concentration of activity in Strømmen. There is also good development in operating results and turnover for some of the largest companies. For entrepreneurs considering establishing themselves in this industry, it is important to be aware of the competition from existing companies and to leverage technological trends and consumer needs. SmartGrunder can help entrepreneurs find suitable addresses and develop strategies to establish themselves in Lillestrøm.