Footwear Store Industry in Karmøy: A Comprehensive Analysis

Footwear store in Karmøy is a small but dynamic industry with three registered companies. In recent years, the industry has been marked by both rising and falling trends, with a significant sales decline in 2025. Although the number of employees has remained stable at around 15, there have been variations in EBITDA and operating profits. The industry has not experienced bankruptcy, but shows variations in financial health. Karmøy is a municipality with potential for local business development, especially in combination with the broader creative sector.

Sales and Employees Over Time

Sales have been declining in most years, with a drastic decline of 79.8% from 2024 to 2025. The number of employees has been more stable, with a short increase in 2022 and 2023. This indicates uncertainty in the industry, especially in 2025.

Registered Companies in the Industry

1. Larssen Sko As Mani Oasen (Austbøvegen 16, Karmsund) – 7 employees, EBITDA -220.7K, operating profit -323.3K
2. Shoe Me Åkra As (Centrun Varehus, Åkrehamn) – 6 employees, EBITDA 239.0K, operating profit 239.0K

All companies are organized as AS, and there are no bankruptcy registrations in the industry. This indicates a certain level of stability, even though financial challenges are evident for some companies.

Distribution of Activity in the Municipality

Åkrehamn has two companies with a combination of positive and negative EBITDA, while Karmsund has one company with negative EBITDA. This shows that there are variations in financial health between the locations.

Dynamics and Stability

The industry has not experienced bankruptcy, but shows variations in financial health. Two of the companies have negative EBITDA, while one has positive. This may indicate that some companies have more difficulty maintaining profit, especially in Karmsund. Nevertheless, there are no bankruptcy registrations, which indicates a certain level of stability in the industry.

For entrepreneurs in this industry in Karmøy, it is important to be aware of the large variations in sales and EBITDA. Although there has been a significant decline in 2025, there may be opportunities to establish oneself in a stable market niche. It is also important to look at the broader creative sector, which has shown more stable growth. Entrepreneurs should consider combining local business development with strategies from the broader creative industry.

Comparison with the Broader Sector

The broader creative, arts, and entertainment activities sector in Karmøy has 70 companies, compared to 3 in the footwear store industry. Sales in the broader sector have been more stable, with a decline of 43.3% from 2024 to 2025, while the footwear store industry had a decline of 79.8%. This shows that the broader sector has more stable growth, which can be an advantage for entrepreneurs looking to combine footwear stores with other creative activities.

Peer Companies in the Broader Sector

These companies show a more stable financial health compared to footwear store companies in Karmøy.

Footwear store in Karmøy is an industry with both challenges and opportunities. Although there have been large variations in sales and EBITDA, there are no bankruptcy registrations, which indicates a certain level of stability. Entrepreneurs should consider combining local business development with strategies from the broader creative sector, which has shown more stable growth. SmartGrunder can help entrepreneurs find suitable addresses and strategies to establish themselves in this industry in Karmøy.