Industry · municipality
Home Goods Store Industry in Alta: A Comprehensive Analysis
Companies, Statistics, and Outlook for the Home Goods Store Sector in Alta Municipality, Norway
Executive Summary
Industry Overview
In Alta, there are 7 companies within the home goods retail sector, with a total of 67 employees and combined sales of NOK 84.1 million. The industry has shown strong growth trends, particularly from 2022 to 2023, where sales increased by 57.3%, indicating positive development. There is also an even distribution of organizational forms, with AS being the primary form. This shows a stable and well-organized industry in Alta.
Economic Overview
Sales and Employees Over Time
| Year | Sales (NOK) | Year-over-Year Change (%) | Number of Employees | Year-over-Year Change (%) |
|---|---|---|---|---|
| 2016 | 47.7M | - | 51 | - |
| 2017 | 43.8M | -8.2% | 47 | -7.8% |
| 2018 | 50.0M | +14.3% | 47 | +0.0% |
| 2019 | 49.8M | -0.4% | 54 | +14.9% |
| 2020 | 57.5M | +15.5% | 59 | +9.3% |
| 2021 | 60.6M | +5.3% | 56 | -5.1% |
| 2022 | 56.5M | -6.8% | 58 | +3.6% |
| 2023 | 88.8M | +57.3% | 74 | +27.6% |
| 2024 | 87.8M | -1.2% | 70 | -5.4% |
| 2025 | 82.0M | -6.6% | 63 | -10.0% |
| 2026 | 67.0 | -6.3% | 67 | +6.3% |
Key Observations:
- Sales experienced a significant increase from 2022 to 2023, but have since cooled slightly.
- The number of employees increased markedly in 2023, but has also since cooled.
- There is a positive trend in recent years, with an increase in both sales and the number of employees.
Companies in the Industry
List of Home Goods Retail Companies in Alta
- Rusta Retail As Avd 306 Alta – Address: Bjørn Wirkolas vei 14, Alta. Number of employees: 17. Sales: NOK 33.9M. EBITDA: NOK 4.0M.
- Kid Interiør As 60 Avd Alta – Address: Markedsgata 21, Alta. Number of employees: 14. Sales: NOK 21.9M. EBITDA: NOK 3.2M.
- Kremmerhuset Ting & Sånt As Avd 265 Alta – Address: Markedsgata 21, Alta. Number of employees: 12. Sales: NOK 6.0M. EBITDA: NOK -286.5K.
- Lykkehjørnet As – Address: Markedsgata 21, Alta. Number of employees: 11. Sales: NOK 4.1M. EBITDA: NOK 299.0K.
- Alta Kjøkken Og Interiør As – Address: Skippertorget 2, Alta. Number of employees: 7. Sales: NOK 11.9M. EBITDA: NOK 429.0K.
- Princess Avd 389 Alta – Address: Markedsgata 21-25, Alta. Number of employees: 6. Sales: NOK 6.3M. EBITDA: NOK 146.8K.
| 7. Nille Alta Thon Senter – Address: Parksenteret | Sentrumsparken 4, Alta. Number of employees: 0. Sales: NOK 0. EBITDA: NOK 0. |
|---|
Organizational Form:
- AS is the most common organizational form, with 6 companies and 67 employees.
Business Geography
Locations in Alta with Activity in the Home Goods Retail Sector
| Location | Number of Companies | Number of Employees | Sales (NOK) | EBITDA (NOK) |
|---|---|---|---|---|
| Alta | 6 | 67 | 84.1M | 7.8M |
Analysis:
- Alta is the only location in the municipality with activity in the home goods retail sector.
- There is a concentration of companies in Alta, with 6 companies and 67 employees.
- Sales and EBITDA are high in Alta, indicating strong economic activity in this area.
Business Dynamics
Bankruptcies and Stability
- No companies in the home goods retail sector in Alta are registered as bankrupt, indicating a stable industry.
Growth and Fluctuations:
- Sales experienced a significant increase from 2022 to 2023, but have since cooled slightly.
- The number of employees increased markedly in 2023, but has also since cooled.
- There is a positive trend in recent years, with an increase in both sales and the number of employees.
Outlook
Outlook for Entrepreneurs
Growth Potential:
- The industry has shown strong growth trends, particularly from 2022 to 2023, where sales increased by 57.3%.
- There is a positive trend in recent years, with an increase in both sales and the number of employees.
External Factors:
- The industry is stable with no bankruptcies in Alta.
- There is a concentration of companies in Alta, which can provide opportunities for collaboration and growth.
Recommendation:
- Entrepreneurs should consider opportunities in Alta, with a stable and growing industry.
Outlook for Financial Services
Comparison with Financial Services:
- Financial services have a higher number of companies (12) compared to the home goods retail sector (7).
- Sales and the number of employees have a similar development, but with less variation in financial services.
Peer Companies:
- Ark Amfi Alta Avd 9650 – Sales: NOK 12.1M. EBITDA: NOK 1.8M. Number of employees: 9.
- Norges Arktiske Studentsamskipnad Bok & Barista – Sales: NOK 678.1K. EBITDA: NOK 252.7K. Number of employees: 1.
- Hermansen Forlag – Sales: NOK 0. EBITDA: NOK 0. Number of employees: 0.
- Instrumentservice Alta V/sverre Heggeli – Sales: NOK 0. EBITDA: NOK 0. Number of employees: 0.
Conclusion:
- Financial services have a higher number of companies, but the home goods retail sector has higher sales and EBITDA in Alta.
Other companies in finansielle tjenester (not in home goods store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Ark Amfi Alta Avd 9650 | bookstore | Alta Senter|Markedsgata 21, 9510 | NOK 12.1M | 9 | NOK 1.8M |
| Norges Arktiske Studentsamskipnad Bok & Barista | bookstore | Follumsvei 33, 9510 Alta | NOK 678.1K | 1 | NOK 252.7K |
| Hermansen Forlag | bookstore | Vannveien 9, 9513 Alta | NOK 0 | 0 | NOK 0 |
| Hermansen Forlag | bookstore | Vannveien 9, 9513 Alta | NOK 0 | 0 | NOK 0 |
| Instrumentservice Alta V/sverre Heggeli | art gallery | Fogdebakken 17, 9513 Alta | NOK 0 | 0 | NOK 0 |
Conclusion
The home goods retail sector in Alta shows positive development with strong growth trends, particularly from 2022 to 2023. It is a stable industry with no bankruptcies and a concentration of companies in Alta. Entrepreneurs should consider opportunities in Alta, with a stable and growing industry. SmartGrunder can help entrepreneurs find suitable addresses in Alta for this industry.