Footwear Store Industry in Arendal: A Comprehensive Analysis

The footwear store industry in Arendal is relatively stable with 9 companies registered in the municipality. In total, there are 53 employees, and the annual revenue amounts to NOK 28.7 million. The EBITDA margin is 6%, which indicates good operational efficiency. There are no bankruptcies registered among companies in this sector, but some of them have zero revenue and employees, which may indicate challenges in operations. The sector has a high gross margin of 2035%, which underscores the strong position in the business model.

Annual revenue for footwear stores in Arendal has varied over time. It reached a maximum of NOK 35.5 million in 2017 before starting to decline. In 2025, the revenue was NOK 29.0 million, showing a gradual increase after a decline in 2020. The number of employees has also been on a downward trend, from 73 in 2016 to 47 in 2025. There is a slight increase in 2026, but there is still a decline compared to 2016. The EBITDA margin has remained stable at around 6%, with some variations over the years.

There are 9 companies in the footwear store sector in Arendal, all registered as AS. The most well-known companies are Mørland Sko As, Veskehuset Høyer As, and Eurosko. Some of the companies have zero revenue and employees, such as Eurosko Harebakken and Eurosko Arena. Most companies have a positive operating result, but there are variations in EBITDA and gross revenue. There are no bankruptcies registered among the companies, but there are challenges for some of them.

All companies in the footwear store sector in Arendal are located in Arendal. There are 6 companies with a total of 53 employees and an annual revenue of NOK 28.7 million. EBITDA is NOK 1.9 million, and gross revenue is NOK 583.7 million. There is a high gross margin of 2035%, which indicates a good business model. There are no companies registered in other cities or municipalities in the Agder county.

There are no bankruptcies registered among companies in the footwear store sector in Arendal. However, some of the companies have zero revenue and employees, which may indicate operational challenges. There has been a gradual decline in the number of employees over time, but there is a slight increase in 2026. The operational efficiency has been stable, with an EBITDA margin of 6%, but there are variations in EBITDA and gross revenue.

For entrepreneurs considering starting a footwear store in Arendal, the data show that the sector has a stable operational efficiency with an EBITDA margin of 6%. However, there has been a decline in the number of employees over time, which may indicate competitive pressure. There are opportunities to utilize existing infrastructure and market position in Arendal. There are also opportunities to develop new business models, especially with a high gross margin of 2035%.

The broader creative, arts, and entertainment activities sector in Arendal has 87 companies, which indicates a larger market industry compared to the footwear store sector. Annual revenue for this sector has varied, with a decline in 2025. The EBITDA margin is lower compared to the footwear store sector, but there are more companies in this sector. Peer companies in this sector include clothing stores such as Match Harebakken and H&M, which have higher revenue and more employees compared to footwear store companies.

The footwear store sector in Arendal has a stable operational efficiency with a high gross margin and no bankruptcies. However, there has been a decline in the number of employees over time, which may indicate competitive pressure. There are opportunities to utilize existing infrastructure and market position in Arendal. The broader creative, arts, and entertainment activities sector has more companies and higher revenue, but a lower EBITDA margin. Entrepreneurs should consider developing new business models and leveraging existing networks in Arendal.