Footwear Store Industry in Askøy: Current Status and Outlook

Industry Overview

The footwear store industry in Askøy is a small but stable sector with one registered company: Kl Moberg Skotøyforretning As Avd Eurosko Kleppestø. This single company dominates the sector, with 12 employees and a revenue of 9.9 million NOK in 2024. The sector has been marked by fluctuations in revenue and employment over time, but has shown a gradual stabilization after 2022. However, the broader creative, arts, and entertainment activities sector in Askøy has a much larger operation, with 47 companies, providing a broader basis for comparing development trends.

Revenue trends for footwear stores in Askøy have been uneven over the years, with a sharp decline of 36.8% in 2020 (from 11.5 M to 7.2 M NOK), but a gradual increase since. In 2025, the sector had a revenue of 9.5 M NOK, representing an increase of 13.2% from 2024. Employees have been more volatile, with a decline from 23 in 2016 to 6 in 2021, but a stabilization since, with 8 employees in 2024 and 9 in 2025. The single company in the sector has shown positive development in EBITDA (758.7 K NOK in 2024) and a high gross profit margin of 460%.

There is one registered company in the footwear store sector in Askøy: Kl Moberg Skotøyforretning As Avd Eurosko Kleppestø. This company is registered as an AS (limited liability company) and has been in operation since 1978. It has 12 employees and is located in Kleppestø Senter, Kleppestø. The company has not been in bankruptcy and has a high EBITDA margin of 7%, as well as a high gross profit margin of 460%. There are no other companies in the sector in Askøy, which shows a small but focused operation.

The single company in the sector, Kl Moberg Skotøyforretning As Avd Eurosko Kleppestø, is located in Kleppestø, which is the only place in Askøy with activity in this sector. Kleppestø is an important commercial town in the municipality, and the company is located in Kleppestø Senter, a central area. In 2024, the company had an operating income of 9.9 M NOK, and an operating profit of 678.9 K NOK. There are no other locations or districts in the municipality with activity in this sector.

The sector has been marked by fluctuations in revenue and employment over time, but has shown a gradual stabilization after 2022. The single company in the sector has been in operation since 1978 and has not been in bankruptcy. Bankruptcy statistics show that there have been no bankruptcies in the sector in Askøy in recent years. This indicates a relative stabilization in the sector, even though there have been large fluctuations in revenue and employment. However, there are no other companies in the sector, which gives a small but focused operation.

Outlook for Entrepreneurs

For entrepreneurs considering starting a footwear store in Askøy, the data show a stable, but small market opportunity. The single existing company has shown positive development in revenue and EBITDA after 2022, which indicates a gradual stabilization in the sector. This can be an advantage for new players seeking to establish themselves in a competitive market. However, the sector is small, and there are no other companies in the sector, which can provide a unique opportunity to fill a niche. However, it is important to be aware of the large fluctuations in revenue and employment over time, and to be prepared for a dynamic market.

The broader creative, arts, and entertainment activities sector in Askøy has a much larger operation than the footwear store sector, with 47 companies in total. Revenue for this sector has been more volatile, with a sharp increase of 65.9% in 2020 (from 77.6 M to 128.7 M NOK), but a decline of 24.7% in 2021. In 2025, the sector had a revenue of 82.6 M NOK, showing a gradual stabilization. Peer companies in the sector include, among others, Dressmann As Avd 126 Kleppestø (clothing store) and Kappahl As Avd 412 Askøy (clothing store), which have higher revenue and more employees than the single footwear store company in Askøy. This shows that the broader sector has a much larger operation, but also more variation in development trends.

The footwear store sector in Askøy is a small but stable industry with one registered company: Kl Moberg Skotøyforretning As Avd Eurosko Kleppestø. This company has shown positive development in revenue and EBITDA after 2022, which indicates a gradual stabilization in the sector. However, the sector is small, and there are no other companies in the sector, which provides a unique opportunity to fill a niche. The broader creative, arts, and entertainment activities sector in Askøy, however, has a much larger operation, with 47 companies, showing a broader basis for comparing development trends. For entrepreneurs considering starting a footwear store in Askøy, it may be advantageous to be aware of the large fluctuations in revenue and employment over time, and to be prepared for a dynamic market. SmartGrunder can help entrepreneurs explore addresses in Askøy for this sector, and provide an overview of potential development trends and challenges.