Industry · municipality
Home Goods Store in Sandnes: An Analysis of Companies, Statistics, and Outlooks
A detailed overview of the industry, focusing on economic trends, companies, and development in Sandnes.
Executive Summary
Industry Overview
In Sandnes, there are 17 registered companies within the home goods store industry, employing a total of 174 people. The industry has experienced variations in sales and employment over time, with a 24.5% sales increase from 2016 to 2017, but a 9.8% decline from 2024 to 2025. There are no registered bankruptcies in the industry, indicating a stable sector. Companies primarily operate in Sandnes, focusing on stores and businesses related to home goods.
Economic Overview
Sales and Employment Over Time:
| Year | Sales (NOK) | Employees | Annual Sales Change | Annual Employment Change |
|---|---|---|---|---|
| 2016 | 119.9M | 180 | - | - |
| 2017 | 149.2M | 192 | +24.5% | +6.7% |
| 2018 | 153.9M | 187 | +3.2% | -2.6% |
| 2019 | 121.9M | 163 | -20.8% | -12.8% |
| 2020 | 134.8M | 164 | +10.5% | +0.6% |
| 2021 | 137.2M | 147 | +1.8% | -10.4% |
| 2022 | 145.5M | 153 | +6.0% | +4.1% |
| 2023 | 135.5M | 139 | -6.9% | -9.2% |
| 2024 | 135.1M | 148 | -0.3% | +6.5% |
| 2025 | 121.8M | 148 | -9.8% | 0.0% |
Trends: Sales reached their highest level in 2018 but have since declined. The number of employees has fluctuated, with a slight increase in 2024. The industry has an average EBITDA margin of 8%, indicating relatively good profitability.
Companies in the Industry
The following companies operate within home goods store in Sandnes:
- Upstairs As Avd Kvadrat – 25 employees, sales of 5.3M NOK, EBITDA of 879.2K NOK.
- Rusta Retail As Avd 366 Sandnes – 24 employees, sales of 60.0M NOK, EBITDA of 7.0M NOK.
- Kremmerhuset Ting & Sånt As Avd 235 Kvadrat – 16 employees, sales of 6.6M NOK, EBITDA of -316.7K NOK.
- Feel Kvadrat – 13 employees, sales of 8.5M NOK, EBITDA of -554.8K NOK.
- Princess Avd 609 Sandnes – 11 employees, sales of 4.2M NOK, EBITDA of 97.9K NOK.
Organizational Forms: All companies are registered as AS (limited liability company), indicating a standardized structure within the industry.
Business Geography
All home goods store companies in Sandnes are located in Sandnes. The most represented addresses are:
- Gamle Stokkavei 1 – 10 companies.
- Gravarsveien 7 – 2 companies.
- Langgata 51 – 1 company.
No activity is registered outside Sandnes in this industry. The focus on specific addresses indicates a concentration of businesses in central areas.
Business Dynamics
Bankruptcy Statistics: There are no registered bankruptcies in the home goods store industry in Sandnes, indicating a stable industry. However, some companies show negative EBITDA values, such as Feel Kvadrat and Kremmerhuset Ting & Sånt As Avd 235 Kvadrat, which may indicate economic challenges.
Growth and Decline: The industry has experienced both growth and decline over time, with a 9.8% sales decline from 2024 to 2025. This may be due to market conditions or bankruptcy risks at certain companies.
Outlook
Outlook for Entrepreneurs
For entrepreneurs considering starting a business within the home goods store industry in Sandnes, the following should be considered:
- Bankruptcy Risk: Although there are no registered bankruptcies, some companies show negative EBITDA values, which may be a warning sign.
- Market Size: The industry has a stable presence with 17 companies, but a 9.8% sales decline from 2024 to 2025.
- Location: Focusing on central addresses such as Gamle Stokkavei 1 can be an advantage, but competition may be intense.
Recommendation: Entrepreneurs should consider differentiating themselves through unique products or services, as well as considering locating in central areas to maximize exposure.
Outlook for Financial Services
Financial Services industry in Sandnes has 40 companies, indicating a broader industry than home goods store. Compared to home goods store, financial services have a higher sales volume but lower EBITDA margin. This suggests that financial services have higher operating costs but also a larger market share.
Peer Companies: Current peer companies in financial services include bookstores and art galleries, such as Ark Kvadra Sandnes Avd 5100 and Bibelbutikken Sandnes. These companies may be competitors or complementary to home goods store businesses.
Other companies in finansielle tjenester (not in home goods store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Ark Kvadra Sandnes Avd 5100 | bookstore | Gamle Stokkavei 1, 4313 Sandnes | NOK 16.1M | 9 | NOK 2.4M |
| Norli Kvadrat, Sandnes | bookstore | Gamle Stokkavei 1, 4313 Sandnes | NOK 22.8M | 16 | NOK 1.7M |
| Bibelbutikken Sandnes | bookstore | Langgata 24, 4306 Sandnes | NOK 15.1M | 24 | NOK 1.5M |
| Ark Bystasjonen Sandnes Avd 5150 | bookstore | Vågsgata 16A, 4306 Sandnes | NOK 10.1M | 5 | NOK 1.5M |
| Norli Langgata, Sandnes | bookstore | Langgata 14, 4306 Sandnes | NOK 10.5M | 7 | NOK 787.8K |
| Ark Maxi Sandnes Avd 5120 | bookstore | Gravarsveien 7, 4306 Sandnes | NOK 0 | 7 | NOK 0 |
| Kreativ Med Elisabeth Kvestad Sinnes | art gallery | Leitehagen 16B, 4322 Sandnes | NOK 0 | 0 | NOK 0 |
| Nataliya Chernaya | bookstore | Bolignummer 202|Stavangerveien 32C, 4313 Sandnes | NOK 0 | 0 | NOK 0 |
| Vinylhuset As | art gallery | Hommersåkveien 156, 4311 | NOK 0 | 0 | NOK 0 |
Conclusion
Home goods store industry in Sandnes is stable with 17 companies and 174 employees. Although there is a 9.8% sales decline from 2024 to 2025, there are no registered bankruptcies. Entrepreneurs should consider differentiating themselves and locating in central areas to maximize exposure. At the same time, they should be aware of competition from both home goods store companies and peer companies in financial services.