Industry · municipality
Home Goods Store Industry in Senja: Current Status and Outlook
Analysis of Companies, Statistics, and Future Prospects in the Home Goods Store Sector in Senja Municipality, Norway
Executive Summary
In Senja, there are five companies registered in the home goods store industry, with a total of 35 employees and combined sales of 40.9 million NOK in 2023. The industry has shown stable sales growth over recent years, increasing from 30.1 million NOK in 2016 to 43.1 million NOK in 2024. Employee numbers have also gradually increased, from 28 in 2016 to 36 in 2024. However, there are small variations in the financial results of individual companies, which should be considered by new entrants.
Economic Overview
Sales and employee development:
| Year | Sales (NOK) | Year-over-Year Sales Change | Employees | Year-over-Year Employee Change |
|---|---|---|---|---|
| 2016 | 30.1M | - | 28 | - |
| 2017 | 31.9M | +6.2% | 32 | +14.3% |
| 2018 | 32.8M | +2.8% | 33 | +3.1% |
| 2019 | 26.8M | -18.2% | 30 | -9.1% |
| 2020 | 35.6M | +32.7% | 31 | +3.3% |
| 2021 | 34.2M | -3.9% | 30 | -3.2% |
| 2022 | 39.2M | +14.7% | 34 | +13.3% |
| 2023 | 41.6M | +6.0% | 35 | +2.9% |
| 2024 | 43.1M | +3.7% | 36 | +2.9% |
| 2025 | 40.4M | -6.2% | 36 | +0.0% |
The industry has experienced positive sales growth in recent years, peaking at 43.1 million NOK in 2024. Employee numbers have shown a more stable development, increasing from 28 in 2016 to 36 in 2024. However, there is a slight decline in 2025, which may be due to variations in individual company operations.
Companies in the Industry
The following companies are registered in the home goods store industry in Senja:
- Kid Interiør As – Storgata 7, Finnsnes. 12 employees. EBITDA: 2.9 million NOK. Founded 2005. Organizational form: AS.
- Nille Finnsnes Thon Senter – Myra Senter, Finnsnes. 7 employees. EBITDA: 0. Founded 1996. Organizational form: AS.
- Princess Avd 621 – Storgata 7, Finnsnes. 6 employees. EBITDA: 122.4 thousand NOK. Founded 2016. Organizational form: AS.
- Nova Interiør As Avd Salg – Parkveien 2A, Finnsnes. 5 employees. EBITDA: -1.3 million NOK. Founded 2008. Organizational form: AS.
- Teppesenteret As – Sandvikveien 118, Finnsnes. 5 employees. EBITDA: 89.0 thousand NOK. Founded 1986. Organizational form: AS.
All companies are organized as AS, which is common for small and medium-sized companies in Norway. There are no bankrupt companies in the industry, indicating stable operations.
Business Geography
Finnsnes is the only location in Senja with activity in the home goods store industry. Here, five companies are registered, with 35 employees and combined sales of 40.9 million NOK in 2023. There are no other cities or locations in the municipality with activity in this industry.
Business Dynamics
Bankruptcies and financial stability:
There are no bankrupt companies in the home goods store industry in Senja, indicating stable operations. However, some companies' financial data show variations. For example, Nova Interiør As Avd Salg has a negative EBITDA of -1.3 million NOK, and Teppesenteret As has an EBITDA of 89.0 thousand NOK, which may indicate variations in operating results. This should be considered by new entrants looking to establish themselves in the industry.
Outlook
Outlook for Entrepreneurs
For entrepreneurs considering establishing themselves in the home goods store industry in Senja, the data show a mix of opportunities and challenges. Sales have shown positive growth in recent years, peaking at 43.1 million NOK in 2024. Employee numbers have also shown stable growth, indicating an increasing market share. However, there are variations in the financial results of individual companies, which may be a challenge for new entrants. It is also important to be aware of competition from existing companies, such as Kid Interiør As and Nille Finnsnes Thon Senter.
Outlook for Financial Services
Financial services industry in Senja has a larger number of companies (6) compared to the home goods store industry (5). Sales have shown similar development, peaking at 43.1 million NOK in 2024. Employee numbers, however, have a slightly different development, increasing from 40 in 2016 to 43 in 2024. One of the key peer companies in the financial services industry is Ark Amfi Finnsnes Avd 9630, registered in the bookstore industry. This company has an EBITDA of 0 and no sales, which may indicate a special business model compared to the home goods store industry.
Other companies in finansielle tjenester (not in home goods store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Ark Amfi Finnsnes Avd 9630 | bookstore | Storgata 11, 9300 Finnsnes | NOK 0 | 6 | NOK 0 |
Conclusion
Home goods store industry in Senja shows positive development in sales and number of employees over recent years. However, there are variations in the financial results of individual companies, which should be considered by new entrants. Competition from existing companies is strong, and it is important to be aware of operating results. For entrepreneurs, the industry can be an attractive opportunity, but it is necessary to conduct a thorough market analysis and consider financial challenges. SmartGrunder can help find suitable addresses in Senja for this industry, with a focus on future prospects.