Footwear Store Industry in Alta: A Comprehensive Analysis

Overview of the Industry

The footwear store industry in Alta is a small but active sector with four registered companies. Over the past few years, the industry has shown variations in sales and number of employees, with a peak in 2018 and a decline in 2025. Although there are few companies, they are all AS entities, indicating a certain level of organizational stability. The industry has not experienced bankruptcy, which shows a certain level of economic stability. For founders, this can be an advantage, but it is also important to be aware of the variations in sales and operating results that are present.

Sales and Employees Over Time:

Annual Changes:

• 2016→2017: +2.0% in sales, +5.6% in employees
• 2017→2018: +100.1% in sales, -23.7% in employees
• 2018→2019: -59.5% in sales, -10.3% in employees
• 2024→2025: -33.2% in sales, +20.0% in employees

The industry has shown significant variations in sales, with a peak in 2018 and a decline in 2025. The number of employees has also shown variations, with an increase in 2025. This may indicate that the industry is influenced by external factors such as market conditions and economic cycles.

The following companies are registered in the footwear store industry in Alta:

1. Euro Sko Alta – Hesteskoen 36, Alta. AS, established 1995-09-01, 10 employees. Sales: 0 NOK, EBITDA: 0 NOK.
2. Skohuset Laila As – Markedsgata 21-25, Alta. AS, established 1998-01-05, 10 employees. Sales: 8.7M NOK, EBITDA: 212.0K NOK.
3. Montana Alta As – Bjørn Wirkolas vei 17, Alta. AS, established 2000-03-12, 5 employees. Sales: 7.0M NOK, EBITDA: 664.0K NOK.
4. Magnussen Spesialsko Alta – Sentrumsparken 4, Alta. AS, established 2023-05-01, 1 employee. Sales: 2.1M NOK, EBITDA: 211.3K NOK.

All companies are AS entities, indicating a certain level of organizational stability. Skohuset Laila As and Montana Alta As have higher sales and EBITDA than the other companies, which may indicate better operating results.

All four companies in the footwear store industry in Alta are located in the Alta city center. There is no activity in other districts or municipalities. This indicates that the industry is centrally located, which can be an advantage for customers, but also a challenge for competition between companies.

Bankruptcy Statistics:

• There is no bankruptcy in the industry in Alta, which shows a certain level of economic stability.

Operating Results:

• Skohuset Laila As and Montana Alta As have higher EBITDA than the other companies, which may indicate better operating results.
• Magnussen Spesialsko Alta has the highest EBITDA margin (10%) and highest operating result per employee (1.3M NOK).

Development Over Time:

• Sales have shown significant variations, with a peak in 2018 and a decline in 2025.
• The number of employees has also shown variations, with an increase in 2025.

Outlook for Founders

For founders considering starting a business activity in the footwear store industry in Alta, it is important to be aware of the variations in sales and operating results that are present. The industry has shown a certain level of stability, with no bankruptcy and a certain level of organizational stability. However, it is also important to be aware of the variations in sales and operating results that are present. This may indicate that the industry is influenced by external factors such as market conditions and economic cycles.

Overarching Industry (Creative, Arts, and Entertainment Activities):

• There are 45 companies in this industry in Alta, which shows that it is a larger and more diversified sector than the footwear store industry.
• Sales have shown variations, with a peak in 2023 and a decline in 2025.
• The number of employees has also shown variations, with a decline in 2025.

Peer Companies:

• There are more companies in the overarching industry that are not in the footwear store industry, such as clothing stores and knitwear stores. These companies have higher sales and EBITDA than most companies in the footwear store industry.
• For example, H & M Hennes & Mauritz As Avd 850 Alta Storsenter has sales of 28.6M NOK and EBITDA of 1.3M NOK, which shows that there are large companies in the overarching industry.

Conclusion:

• The footwear store industry is a smaller but stable sector in Alta. The overarching industry (creative, arts, and entertainment activities) is larger and more diversified, with more companies and higher sales. This can be an advantage for founders looking to start a business activity in Alta, but it is also important to be aware of the variations in sales and operating results that are present in both industries.

The footwear store industry in Alta is a small but active sector with four registered companies. The industry has shown variations in sales and number of employees, with a peak in 2018 and a decline in 2025. Although there are few companies, they are all AS entities, indicating a certain level of organizational stability. The industry has not experienced bankruptcy, which shows a certain level of economic stability. For founders, this can be an advantage, but it is also important to be aware of the variations in sales and operating results that are present. The overarching industry (creative, arts, and entertainment activities) is larger and more diversified, with more companies and higher sales. This can be an advantage for founders looking to start a business activity in Alta, but it is also important to be aware of the variations in sales and operating results that are present in both industries.