Home Trade Stores in Narvik: Current Status and Outlook

The home trade stores industry in Narvik shows a mix of stability and challenges. In 2024, the sector had 56 employees and a sales volume of 77.7 million NOK, indicating strong growth up to that year. However, there was a significant decline in 2025, with 42 employees and sales of 56.5 million NOK. This suggests that the sector has been affected by external factors, such as economic downturns or changes in consumer behavior. Despite this decline, many of the registered companies still maintain high gross profit margins, which may indicate good cost control and efficient operations.

From 2016 to 2024, home trade stores in Narvik showed growth in both the number of employees and sales. The sales volume increased from 27.9 million NOK in 2016 to 77.7 million NOK in 2024, with an average annual growth of about 10%. The number of employees also increased from 39 in 2016 to 56 in 2024. However, there was a significant decline in 2025, with a reduction of 14 employees and a sales decline of 21.2 million NOK. This may indicate that the sector has been affected by external factors, such as economic downturns or changes in consumer behavior. Despite this decline, many of the registered companies still maintain high gross profit margins, which may indicate good cost control and efficient operations.

There are a total of 9 companies registered in the home trade stores sector in Narvik. Most of these companies are organized as AS (Anonyme Selskaper), with 5 companies and 40 employees. The most well-known companies include Rusta Retail As, Feel Narvik, Kid Interiør As, and Princess Avd 120 Narvik. These companies have varying results, with some having high EBITDA margins (such as Rusta Retail As with 11%) and others having negative EBITDA (such as Feel Narvik and Interiør Narvik). There are no registered bankruptcies among these companies, which indicates that they have good financial stability. There are also some companies with 0 employees, such as Martinussen Digital and Storfjell Wilfjell, which may indicate that they are in the start-up phase or have another organizational structure.

All companies in the home trade stores sector in Narvik are registered in Narvik, with 5 companies and 40 employees. There are no companies registered in other city districts or municipalities. Narvik has an operational income of 63.1 million NOK and a sales volume of 62.8 million NOK. There is also a high gross profit margin of 4851%, which indicates that the companies have good cost control. There is also a high EBITDA margin of 7%, which indicates that the companies have good operational results. There is also a high total equity of 12.9 million NOK and a high total debt of 23.1 million NOK, which indicates that the companies have a good financial structure.

There are no registered bankruptcies among the home trade stores in Narvik, which indicates that they have good financial stability. However, some of the companies have negative EBITDA, such as Feel Narvik and Interiør Narvik, which may indicate that they have challenges with costs or revenues. There is also a significant decline in the number of employees from 2024 to 2025, with a reduction of 14 employees. This may indicate that the companies have been affected by external factors, such as economic downturns or changes in consumer behavior. There is also a significant decline in sales from 2024 to 2025, with a reduction of 21.2 million NOK. This may indicate that the companies have been affected by external factors, such as economic downturns or changes in consumer behavior.

For entrepreneurs considering starting a home trade store in Narvik, it is important to be aware of the last three years. Although the sector had strong growth up to 2024, there was a significant decline in 2025, which may indicate that the sector has been affected by external factors. This can be a challenge for new companies, but it can also be an opportunity to fill a gap in the market. It is also important to pay attention to companies with high EBITDA margins, such as Rusta Retail As, and to learn from their operational efficiency. It is also important to pay attention to companies with negative EBITDA, such as Feel Narvik and Interiør Narvik, and to avoid repeating their mistakes. It is also important to pay attention to companies with 0 employees, such as Martinussen Digital and Storfjell Wilfjell, and to consider whether this is a strategy that could work for new companies.

The broader financial services sector in Narvik has 14 companies, which indicates that this is a larger sector than the home trade stores. The sales volume for financial services has increased from 53.6 million NOK in 2016 to 93.0 million NOK in 2023, with a significant decline in 2025 to 66.0 million NOK. The number of employees has also varied, with an increase from 72 in 2016 to 74 in 2023, and a decline to 63 in 2026. This shows that financial services have a more stable development than home trade stores. The most well-known companies in financial services include Ark Amfi Narvik Avd 9500, Norli Thon Senter Narvik, and Galleri My As. These companies have high EBITDA margins, which indicates that they have good operational results. There are also companies with 0 employees, such as Alltrade Molinski and Pompel Og Pilt Kaffebar Tone Iversen, which may indicate that they are in the start-up phase or have another organizational structure.

Home trade stores in Narvik have shown strong growth up to 2024, but there has been a significant decline in 2025. This may indicate that the sector has been affected by external factors, such as economic downturns or changes in consumer behavior. Despite this decline, many of the registered companies still maintain high gross profit margins, which may indicate that they have good cost control and efficient operations. It is also important to pay attention to companies with high EBITDA margins, such as Rusta Retail As, and to learn from their operational efficiency. It is also important to pay attention to companies with negative EBITDA, such as Feel Narvik and Interiør Narvik, and to avoid repeating their mistakes. It is also important to pay attention to companies with 0 employees, such as Martinussen Digital and Storfjell Wilfjell, and to consider whether this is a strategy that could work for new companies. SmartGrunder can help entrepreneurs find development opportunities and addresses in Narvik for home trade stores.