The Cosmetics Retail Industry in Narvik: Current Status and Future Prospects

The cosmetics retail industry in Narvik has shown both strength and variation in recent years. With five registered companies and a total payroll cost of NOK 6.2 million in 2025, the industry shows potential for growth. The most notable development has been in 2024, where the profit margin increased by 507% compared to 2023. At the same time, the number of employees has increased from 14 to 21 during the same period, but does not grow as strongly in 2026. The industry is dominated by AS companies, with three companies together accounting for 16 employees and NOK 13.9 million in sales. Rituals Cosmetics Norway As and Bjørg As are the most significant players, with high profit margins and payroll costs. Different companies have different financial structures, and variations can be seen in both operating results and debt levels. The industry has not registered any bankruptcies recently, which indicates stability, but variations in operating results and sales show a need for attention to market fluctuations.

Sales and employee development

The industry has shown a dynamic development in sales and number of employees over time. Sales have increased strongly from 2023 to 2024, with an increase of 507%, but have then decreased by 4.5% in 2025. The number of employees has grown from 14 in 2024 to 21 in 2025, but has then remained stable in 2026. The table below shows detailed development:

Operating results and margins

In 2025, the industry had an operating result of NOK 1.2 million, with an operating margin of 8%. The EBITDA margin was 12%, and the total operating result per employee was NOK 151,100. These figures show that the industry has a relatively high efficiency, even though there are variations between companies.

In Narvik, there are five companies registered in the cosmetics retail industry. The most important companies are:

1. Rituals Cosmetics Norway As Avd Amfi Narvik – Established in 2023, with 6 employees, an operating result of NOK 739,000 and EBITDA of NOK 1.2 million. The company has a high sales margin of 12% and is one of the most active players in the industry.

1. Bjørg As – Established in 1986, with 2 employees, an operating result of NOK 461,000 and EBITDA of NOK 473,000. The company has a stable financial structure with high equity.

1. Kicks Norge As Avd 622 Narvik – Established in 2014, with 8 employees, but no sales or operating result in 2025. This may indicate a temporary pause in operations or a restructuring.

1. Kandaka Oasis Ahmed and Tannhack Knutsen – These companies have no employees or sales in 2025, and may be newly established or in an early stage of operations.

Organizational forms

Most companies are AS companies, with three companies together accounting for 16 employees and NOK 13.9 million in sales. There are also two companies with the organizational form ENK, which may be smaller or newly established companies.

All activities within the cosmetics retail industry in Narvik are concentrated in the city of Narvik. There are no activities registered in other city districts or municipalities. This may indicate that Narvik is an important marketplace for the industry, with a concentration of business activity in the central area. It is possible that infrastructure, population numbers and consumer needs in Narvik provide an advantage for companies in this industry.

The industry has shown a certain degree of variation in operating results and sales over time, but no bankruptcies have been registered recently. This indicates that the companies have been able to handle challenges, even though there have been periods of decline. For example, sales had a sharp decline in 2023, but recovered strongly in 2024. This may be due to variations in consumer needs, bankruptcies in competitors or changes in market strategies. At the same time, the number of employees has increased strongly from 2023 to 2024, but has then remained stable in 2026. This may indicate that the companies have invested in capacity, but also that there is a certain degree of stabilization in the labor market.

The cosmetics retail industry in Narvik shows potential for growth, especially after the strong increase in sales in 2024. This may indicate increased demand for cosmetics products in the region, or an effective market strategy from the companies. At the same time, it is important to be aware of the variations in operating results and sales, which can affect future stability. For entrepreneurs, it may be possible to find opportunities in a marketplace with a certain degree of concentration, but it is also important to be prepared for challenges such as bankruptcies, market fluctuations and variations in consumer needs. SmartGrunder can help entrepreneurs find suitable addresses in Narvik for this industry, based on data and development trends.

The cosmetics retail industry in Narvik has shown both strength and variation in recent years. With five companies and a total payroll cost of NOK 6.2 million in 2025, the industry shows potential for growth. The most notable development has been in 2024, where the profit margin increased by 507% compared to 2023. At the same time, the number of employees has increased from 14 to 21 during the same period, but does not grow as strongly in 2026. The industry is dominated by AS companies, with three companies together accounting for 16 employees and NOK 13.9 million in sales. Rituals Cosmetics Norway As and Bjørg As are the most significant players, with high profit margins and payroll costs. Different companies have different financial structures, and variations can be seen in both operating results and debt levels. The industry has not registered any bankruptcies recently, which indicates stability, but variations in operating results and sales show a need for attention to market fluctuations.