Industry · municipality
Footwear Store Industry in Hustadvika: Current Status and Outlook
Analysis of Sales, Employment, and Business Dynamics in the Footwear Store Sector in Hustadvika Municipality (2016–2021) with Broader Industry Context in Creative, Art, and Entertainment Activities (kreative, kunst og underholdningsaktiviteter).
Executive Summary
The footwear store industry in Hustadvika shows a mix of stability and variations over the past few years. With an average sales figure of approximately NOK 4 million per year and a stable number of employees (3 people since 2017), the data suggests an industry that has fared well in a challenging market environment. Although there have been minor declines in certain years, the industry has demonstrated resilience, especially after 2020. For entrepreneurs, this may indicate opportunities to establish themselves in a market sector that has shown gradual improvement, although it is important to be aware of broader trends in the creative and entertainment industries in the municipality.
Economic Overview
Sales and Employees in the Footwear Store Industry in Hustadvika (2016–2021):
| Year | Sales (NOK) | Annual Sales Change | Employees | Annual Employee Change |
|---|---|---|---|---|
| 2016 | 4.3M | - | 5 | - |
| 2017 | 4.4M | +2.6% | 3 | -40.0% |
| 2018 | 3.9M | -10.9% | 3 | 0.0% |
| 2019 | 4.1M | +5.7% | 3 | 0.0% |
| 2020 | 3.5M | -16.0% | 3 | 0.0% |
| 2021 | 4.1M | +18.4% | 3 | 0.0% |
Sales experienced a significant decline in 2020 but rebounded in 2021. The number of employees has remained stable at 3 people since 2017, except for a sharp decline from 2016 to 2017. This suggests that the industry has been shaped by a combination of market fluctuations and possibly organizational adjustments.
Companies in the Industry
There is no publicly available data on specific companies in the footwear store industry in Hustadvika. However, it is possible to examine nearby companies in the broader creative, arts, and entertainment activities sector to gain an understanding of the local business structure. For example, companies such as Aandahls Elnesvågen (clothing store) and Fræna Kjøp, Salg Og Utleie As (second-hand store) have been registered in the municipality, although they do not belong to the exact footwear store sector.
Business Geography
There is no available detailed data on the distribution of footwear store activity by neighborhood or location in Hustadvika. To gain a more precise understanding of where the activity is concentrated, it may be necessary to contact local authorities or industry statistics from Statistics Norway (SSB).
Business Dynamics
There is no publicly available data on bankruptcies or bankruptcy participants in the footwear store industry in Hustadvika. This suggests that the industry has been relatively stable over the past few years, despite minor variations in sales and employee numbers. However, it is important to be aware of broader trends in the creative and entertainment industries, which may affect local conditions.
Outlook
Outlook for Entrepreneurs
The footwear store industry in Hustadvika has shown gradual improvement after a sharp decline in 2020. With stable employee numbers and a rebound in sales in 2021, this may indicate an industry with potential for further development. Entrepreneurs, however, should be aware of broader trends in the creative and entertainment industries, which have shown declines in both sales and employee numbers. This may affect local conditions and competition in adjacent sectors.
Outlook for the Broader Creative, Arts, and Entertainment Activities Sector
The broader creative, arts, and entertainment activities sector in Hustadvika has shown a sharp decline in both sales and employee numbers over the past few years. With an average sales figure of approximately NOK 14 million per year and a decline of over 90% in 2025, this suggests an industry that has faced significant challenges. This contrasts with the relatively stable footwear store industry, which has shown a rebound after 2020. For entrepreneurs, this may indicate the importance of being aware of broader industry trends, even though there may be opportunities in specific sectors such as footwear stores.
Other companies in kreative, kunst og underholdningsaktiviteter (not in footwear store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Aandahls Elnesvågen | clothing store | Bølgen kjøpesenter|Torget 47, 6440 Elnesvågen | NOK 7.1M | 7 | NOK 239.0K |
| Fræna Kjøp, Salg Og Utleie As | second-hand goods store | c/o Odd Magne Tverli|Nedre Julsvang 36, 6445 Malmefjorden | NOK 541.0K | 0 | NOK 118.0K |
| Aidaho As | clothing store | Bølgen Kjøpesenter|Torget 43, 6440 Elnesvågen | NOK 0 | 8 | NOK 0 |
| Andreas Olsens Design | clothing store | Malmefjordvegen 433, 6445 Malmefjorden | NOK 0 | 0 | NOK 0 |
| Change It As | clothing store | Hubrovegen 2, 6408 Aureosen | NOK 0 | 0 | NOK 0 |
| Drågens Produksjon Og Markedsføring | clothing store | Buvegen 6, 6440 Elnesvågen | NOK 0 | 0 | NOK 0 |
| Fargeknall Stoffbutikk Agnes Esche | knit store | Rådhusvegen 6, 6490 Eide | NOK 0 | 0 | NOK 0 |
| Hardstyle By Felix Vestavik | clothing store | Sentervegen 76, 6440 Elnesvågen | NOK 0 | 0 | NOK 0 |
| Lykkeboden Lyngstad | second-hand goods store | Lyngstadvegen 106, 6493 | NOK 0 | 0 | NOK 0 |
| Maria Hansgård Farstad | second-hand goods store | Brenslestien 19, 6444 Farstad | NOK 0 | 0 | NOK 0 |
| Noire Da | clothing store | Øvrebøen 5, 6440 Elnesvågen | NOK 0 | 0 | NOK 0 |
| Noire Da | clothing store | Øvrebøen 5, 6440 Elnesvågen | NOK 0 | 0 | NOK 0 |
| Ol Antikk Ove Lyngstad | second-hand goods store | Brenslevegen 9, 6443 Tornes I Romsdal | NOK 0 | 0 | NOK 0 |
| Sonja Hoem | clothing store | Sørsidevegen 1188, 6408 Aureosen | NOK 0 | 0 | NOK 0 |
| Vargfrost Hustadrem | clothing store | Knausvegen 24, 6443 Tornes I Romsdal | NOK 0 | 0 | NOK 0 |
| Wherelse, Else Stavik | clothing store | Fræneidet 3, 6440 Elnesvågen | NOK 0 | 1 | NOK 0 |
| Zavanna Bølgen Kjøpesenter Avd 699 | clothing store | Torget 47, 6440 Elnesvågen | NOK 0 | 5 | NOK 0 |
Conclusion
The footwear store industry in Hustadvika has shown a mix of stability and variations over the past few years. With a rebound in sales in 2021 and stable employee numbers, this may indicate an industry with potential for further development. However, entrepreneurs should be aware of broader trends in the creative and entertainment industries, which have shown declines in both sales and employee numbers. This may affect local conditions and competition in adjacent sectors. SmartGrunder can help entrepreneurs explore potential addresses and locations in Hustadvika for this industry, based on local conditions and trends.