The Home Goods Store Industry in Kvinnherad: An Analysis of Companies, Statistics, and Outlooks

Other Observations

• Municipal and regional factors: Kvinnherad is located in Vestland, a region with strong industrial and tourism-related sectors. This can provide opportunities for home goods store actors looking to adapt to local needs and the tourist market.
• Competitiveness: The most successful actors in the industry have higher EBITDA margins and better sales growth than the average. This indicates that efficient operations and differentiation can be advantageous.
• Future challenges: This analysis shows that the industry has been in decline over the past few years. This may be due to both economic factors and changes in consumer behavior.
• SmartGrunder offering: SmartGrunder can help entrepreneurs find suitable locations in Kvinnherad for home goods store activities, based on market data and local conditions.

Sales development:

Employee development:

Short analysis: Sales and number of employees have been in decline over the past few years, with a brief increase in 2021 and 2023. This suggests that the industry has been affected by economic and market-related factors.

Registered companies in Kvinnherad:

1. Kid Interiør As (Husnes): 8 employees, operating income 9.7M NOK, EBITDA 1.4M NOK, company form AS.
2. Varehuset Gåver & Interiør As (Rosendal): 2 employees, operating income 3.7M NOK, EBITDA -444.0K NOK, company form AS.
3. Galleri G Guddal As (Seimsfoss): 1 employee, operating income 2.7M NOK, EBITDA -122.0K NOK, company form AS.
4. Nille Husnes (Husnes): 0 employees, operating income 0 NOK, company form AS.
5. Porselensbuo Gåver Og Hobby Kristlaug Bjørke (Rosendal): 0 employees, company form ENK.
6. Synneva Seim (Seimsfoss): 0 employees, company form ENK.

Company forms: Most companies in the industry are organized as AS (3 companies, 11 employees). There are no companies organized as ENK in this analysis.

Distribution of activity in the municipality:

1. Husnes: 1 company, 8 employees, operating income 9.7M NOK, EBITDA 1.4M NOK, EBITDA margin 14%.
2. Rosendal: 1 company, 2 employees, operating income 3.7M NOK, EBITDA -444.0K NOK, EBITDA margin -11%.
3. Seimsfoss: 1 company, 1 employee, operating income 2.7M NOK, EBITDA -122.0K NOK, EBITDA margin -4%.

Analysis: Husnes is the most activity-centered town in the industry, with higher sales, more employees, and better EBITDA margins compared to Rosendal and Seimsfoss. This suggests that Husnes could be a more attractive location for new companies in the industry.

Bankruptcies and operational results:

• There are no bankruptcies registered in the industry in Kvinnherad.
• Varehuset Gåver & Interiør As (Rosendal) has negative EBITDA (-444.0K NOK) and operating result (-479.0K NOK), which indicates economic challenges.
• Galleri G Guddal As (Seimsfoss) also has negative EBITDA (-122.0K NOK) and operating result (-122.0K NOK), with a sales decline of 39% in 2024.

Conclusion: Although there are no bankruptcies, the operational results indicate that some companies in the industry are facing economic challenges. This could be an indication that market conditions and operational strategies need to be adjusted to ensure sustainability.

Sales and employee development: The industry has been in decline over the past few years, with a sales decline of 8.8% from 2024 to 2025 and an employee decline of 7.7% from 2025 to 2026. This suggests that the industry has been affected by economic and market-related factors.

Opportunities for entrepreneurs: Despite the challenges, there may be opportunities for new companies in the industry, especially in towns like Husnes where there is higher sales and better EBITDA margins. Entrepreneurs should consider adapting to local needs and leveraging potential market spaces in the tourism and industrial sectors in Kvinnherad.

Sales and employee development in financial services:

• Sales: 35.1M NOK in 2016, down to 17.3M NOK in 2025, with a decline of 36.3% from 2024 to 2025.
• Employees: 46 in 2016, down to 21 in 2026, with a decline of 4.5% from 2025 to 2026.

Contrast with the home goods store industry: Financial services have more companies (11) than home goods store (6), but both industries have been in decline over the past few years. This suggests that both sectors have been affected by economic and market-related factors.

Peer companies in financial services:

• Landleg Kunstmark Husby (art gallery): 0 employees, 0 NOK sales.
• Norli Ringo Husnes, Kvinnherad (bookstore): 6 employees, 0 NOK sales.
• Rosendal Bokhandel As (bookstore): 5 employees, 0 NOK sales.
• Rosendal Bokhandel Bente Soldal (bookstore): 0 employees, 0 NOK sales.
• Ølve Kunst Og Kultur, Zimmer (art gallery): 0 employees, 0 NOK sales.

Analysis: Financial services have a broader company base, but both this sector and home goods store have been in decline. This could indicate broader economic challenges in the municipality.

Summary of the analysis: The home goods store industry in Kvinnherad has been in decline over the past few years, with a decline in sales and number of employees. This suggests that the industry has been affected by economic and market-related factors. Nevertheless, there are opportunities for new companies, especially in towns like Husnes where there is higher sales and better EBITDA margins.

Recommendation to entrepreneurs: Entrepreneurs should consider adapting to local needs and leveraging potential market spaces in the tourism and industrial sectors in Kvinnherad. SmartGrunder can help find suitable locations and provide advice on how to ensure sustainability in a competitive market.