The Cosmetics Retail Industry in Modum: Current Situation and Future Opportunities

The cosmetics retail industry in Modum is a small, recently emerged sector with only two registered companies. The industry shows no activity in terms of employees or sales revenue, indicating that it is in an early stage of development. At the same time, there is a clear contrast to the broader parent category human health, care activities, which has a more stable, but declining, history. This presents both challenges and opportunities for entrepreneurs considering establishing themselves in Modum.

The industry has had no employees or sales revenue in all years from 2016 to 2026. There is no growth or activity to register, indicating that it has not established itself as an economic driver in Modum. This is in sharp contrast to the broader parent category human health, care activities, which has a declining trend in both employees and sales revenue, but still has a greater presence in the municipality.

There are two companies registered in the cosmetics retail industry in Modum:

Both companies have no employees or sales revenue, and they are registered as ENK (sole proprietorships). There is no publicly available data about their operations or financial results.

The two companies in the cosmetics retail industry are distributed across two districts in Modum:

There are no further details about where they operate or which markets they target. This suggests that the industry is in an early stage of development and lacks a clear geographic focus.

There are no registered bankruptcies in the cosmetics retail industry in Modum, indicating that it is stable in the short term. At the same time, there is no growth or development to register, which could be a challenge for entrepreneurs seeking to establish themselves. The industry lacks both economic activity and established companies, which could make it difficult to find references or partners in the sector.

The cosmetics retail industry in Modum is in an early stage of development, with no economic results or employees. This could be a challenge for entrepreneurs seeking to establish themselves, but it could also provide opportunities to fill a recently emerged sector. It is important to assess whether there is a market for cosmetics retailers in Modum, and how well it can integrate with the broader human health, care activities sector, which has a more stable, but declining, history.

The broader human health, care activities sector in Modum has a declining trend in both employees and sales revenue. From 2016 to 2025, sales revenue fell from NOK 18.9 million to NOK 1.5 million, and the number of employees fell from 6 to 1. This indicates that the sector is in a phase of decline, even though it still has more companies than the cosmetics retail industry.

One of the key peer companies in this parent category is Luxushair As, a wig shop with NOK 1.5 million in sales revenue and 1 employee. This shows that even though the cosmetics retail industry is new, it could potentially compete with other services in the human health, care activities sector, even though it has a completely different focus.

The cosmetics retail industry in Modum is a small, recently emerged sector with significant challenges, but also opportunities for entrepreneurs seeking to fill a newly emerged market. It is important to assess how the industry can integrate with the broader human health, care activities sector, which has a more stable, but declining, history. SmartGrunder can help entrepreneurs find suitable addresses and develop strategies to establish themselves in Modum.