Industry · municipality
Home Retail Stores in Modum: Analysis of Companies, Economics, and Outlooks
A detailed overview of the industry in Modum municipality for entrepreneurs and local decision-makers
Brief Overview of Home Retail Stores in Modum
Industry Overview
In Modum, there are 5 companies registered within the home retail store industry. In recent years, the industry has been marked by a significant decline in both sales revenue and number of employees. Sales revenue has fallen from 12.4 million NOK in 2016 to zero in 2020 and onwards, while the number of employees has decreased from 16 in 2016 to 6 in 2026. This shows a highly unstable development, especially after 2019, where sales figures collapsed by 82.7% from 2018 to 2019. However, there are no registered bankruptcies in the industry, which suggests that the companies are still operating, even though they do not report financial figures.
Economic Development in Home Retail Stores
Economic Development
Sales Development (2016–2026):
- 2016: 12.4 million NOK
- 2017: 11.7 million NOK (a decrease of 5.8%)
- 2018: 10.1 million NOK (a decrease of 14.0%)
- 2019: 1.7 million NOK (a decrease of 82.7%)
- 2020–2026: 0 NOK
Employee Development (2016–2026):
- 2016: 16 employees
- 2017: 16 employees
- 2018: 11 employees (a decrease of 31.2%)
- 2019: 12 employees (an increase of 9.1%)
- 2020: 12 employees
- 2021: 10 employees (a decrease of 16.7%)
- 2022: 11 employees (an increase of 10.0%)
- 2023: 12 employees (an increase of 9.1%)
- 2024–2026: 6 employees (a decrease of 50.0%)
The most dramatic decline in sales and employees occurs from 2019 to 2020, where both sales and number of employees drop to zero. This may be linked to external factors such as the pandemic, but there are no detailed data on causes in the dataset.
Companies in Home Retail Stores in Modum
Companies in the Industry
The following companies are registered in Modum within the home retail store industry:
| Company | Address | Organizational Form | Employees | Established | Bankruptcies |
|---|---|---|---|---|---|
| Nille Åmot | Åmotsenteret, Åmot | AS | 6 | 1995-11-01 | No bankruptcies |
| Chrzanowski Handel | Skredsvikmoen 40, Geithus | ENK | 0 | 2026-06-14 | No bankruptcies |
| Margit Ødenes Drømmeverden Lifestyle | Jarveien 88, Åmot | ENK | 0 | 2019-02-13 | No bankruptcies |
| Nattro Vik | Bokfinkveien 3, Vikersund | ENK | 0 | 2026-03-10 | No bankruptcies |
| Nille Vikersund | Vikersundgata 32, Vikersund | AS | 0 | 2009-09-01 | No bankruptcies |
Most companies have 0 employees, except Nille Åmot, which has 6 employees. The organizational form is mainly ENK (sole proprietorship), with one AS (Nille Åmot). There are no bankruptcies registered in the industry, even though several companies have 0 sales and 0 income after 2019.
Distribution of Home Retail Stores in Modum
Business Geography
Home retail stores in Modum are distributed as follows:
- Åmot: 3 companies (Nille Åmot, Margit Ødenes Drømmeverden Lifestyle, Chrzanowski Handel)
- Vikersund: 2 companies (Nattro Vik, Nille Vikersund)
Åmot is the most active area, with 3 companies, while Vikersund has 2 companies. There are no detailed economic data for these areas, but it is clear that Åmot is an important node for home retail in the municipality.
Business Dynamics and Bankruptcies
Business Dynamics
The industry has been marked by stable or declining figures in recent years, with a sharp decline from 2018 to 2019. There are no bankruptcies registered, but several companies have 0 employees and 0 sales after 2019. This may indicate that the companies have either stopped operations or have been in a phase of silent decline without public reporting. There is also a new company (Chrzanowski Handel) established in 2026, which may indicate a cautious approach to starting business in the industry.
Outlook for Entrepreneurs in Home Retail Stores
Outlook for Entrepreneurs
For entrepreneurs in the home retail store industry in Modum, it is important to be aware of the stable or declining economic figures. Even though there are no registered bankruptcies, no sales or income have been reported after 2019, which may indicate a weak market. This can be a challenge, but there are also opportunities in the form of new companies such as Chrzanowski Handel, which was established in 2026. Entrepreneurs should consider focusing on localization in Åmot, which is the most active area, and explore opportunities to adapt to local needs and markets.
Outlook for Financial Services in Modum
Outlook for Financial Services
The broader financial services industry in Modum has a different development compared to home retail stores. In 2026, financial services had 6 employees and 0 sales, while home retail stores had 6 employees and 0 sales. However, there are more companies in financial services (7 companies) compared to home retail stores (5 companies). This shows that financial services is a larger and more stable industry in Modum, even though both industries have been marked by a decline in sales and employees after 2019. Examples of companies in financial services that are not home retail stores include Norli Ringo Åmotsenteret (bookstore) and Sørby Salmakeri Og Utstyr Da (art gallery).
Other companies in finansielle tjenester (not in home goods store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Norli Ringo Åmotsenteret, Åmot | bookstore | Engerkrysset, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Sørby Salmakeri Og Utstyr Da | art gallery | Sigdalsveien, 3340 Åmot | NOK 0 | 0 | NOK 0 |
Conclusion and Future of Home Retail Stores in Modum
Conclusion
Home retail stores in Modum are a narrow and unstable industry with a significant decline in sales and employees after 2019. There are no bankruptcies, but many companies have 0 sales and 0 employees. Entrepreneurs should consider focusing on Åmot as an important node, and explore opportunities to adapt to local needs. SmartGrunder can help entrepreneurs find suitable addresses and locations in Modum for home retail stores, with a focus on natural business opportunities.