Industry · municipality
Footwear Store Industry in Kongsvinger: Current Status and Outlook
An analysis of companies, statistics, and future prospects for the footwear store sector in Kongsvinger municipality, Norway. Includes comparisons with the broader creative, art, and entertainment industry (kreative, kunst og underholdningsaktiviteter).
Executive Summary
The footwear store industry in Kongsvinger is a very small sector with only one registered company. The only active company, Euro Sko Kongssenteret, has been in operation since 2001 and employs 9 people. The industry has been marked by a significant decline in sales and employees over the years, with a total sales decline of 100% from 2017 to 2018. This shows a highly unstable industry structure in the municipality. At the same time, data shows that the industry has not been affected by bankruptcy, indicating that the single company has managed to remain in operation, even though the economy has been weak.
Economic Trends
Economic data shows a dramatic decline in sales for footwear stores in Kongsvinger. From 12.8 million NOK in 2016, sales were recorded as 0 NOK from 2018 onward. This is a 100% decline from 2017 to 2018. The number of employees has been more stable, with 9 employees in 2020 and onward, although there have been minor variations over the years. The single company has not been affected by bankruptcy, but economic indicators such as EBITDA and gross profit are not available to provide a complete balance sheet.
Companies in the Industry
Only one company is registered in the footwear store industry in Kongsvinger: Euro Sko Kongssenteret. This company is registered as an AS, has 9 employees, and was established in 2001. There are no other companies in this industry in the municipality. The organizational form is AS, and no other organizational forms are registered in this industry. There is no data on equity or debt for the company.
Geographic Distribution
All activities in the footwear store industry in Kongsvinger are concentrated in the Kongsvinger area. One company is registered in the municipality, and there is no activity in other districts or locations within the municipality. There is no data on specific areas or districts within the municipality that have activity in this industry.
Bankruptcy and Dynamism
The industry has been marked by a significant decline in sales and employees over the years. There are no bankruptcy registrations for companies in this industry in Kongsvinger, but there is no data on bankruptcy risk or economic challenges for the single company. There is no data on bankruptcy percentage or the number of bankrupt companies in the industry. The single company has been in operation since 2001, but has not been able to maintain sales after 2017.
Outlook for Entrepreneurs
For entrepreneurs considering starting a business in the footwear store industry in Kongsvinger, the challenges are significant. The industry has been marked by a significant decline in sales and employees, and there is only one company in the municipality. This indicates a very small market share and potentially low competitiveness. At the same time, data shows that the industry has not been affected by bankruptcy, which may indicate that it is possible to operate a business, but there is no data on economic challenges or growth opportunities. Entrepreneurs should consider looking at other sectors within the broader creative, art, and entertainment activities industry, which has more companies and potentially better economic trends.
Outlook for the Broader Industry
The broader creative, art, and entertainment activities industry in Kongsvinger has 28 companies, showing that this industry is much larger than the footwear store industry. Sales in this industry have been more stable, with a decline of 52.2% from 2024 to 2025, but there is no data on bankruptcy or economic challenges. There are more companies in this industry, including H&M, Zara, and Lindex, which have higher sales and EBITDA than the footwear store industry. This shows that the broader industry has greater potential for growth and stability, even though there is a significant decline in 2025. Entrepreneurs should consider looking at opportunities within this industry, which has more companies and potentially better economic trends.
Other companies in kreative, kunst og underholdningsaktiviteter (not in footwear store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Match Kongssenteret Avd 286 | clothing store | Brugata 15, 2212 Kongsvinger | NOK 11.0M | 9 | NOK 2.4M |
| Dressmann As Avd 167 Kongsvinger | clothing store | Brugata 15, 2212 Kongsvinger | NOK 10.2M | 8 | NOK 1.6M |
| H & M Hennes & Mauritz As Avd 775 Kongssenteret | clothing store | Brugata 15, 2212 Kongsvinger | NOK 28.6M | 18 | NOK 1.3M |
| Tante Marie As | national clothing store | Storgata 31, 2212 Kongsvinger | NOK 6.8M | 13 | NOK 1.1M |
| Vero Moda Kongsvinger 2431 | clothing store | Tommelstads gate 1, 2212 Kongsvinger | NOK 6.5M | 7 | NOK 480.1K |
| Lindex As Avd Kongsvinger | clothing store | Rådhusgata 1, 2212 Kongsvinger | NOK 11.7M | 10 | NOK 431.2K |
| Jack & Jones Kongsvinger 89564 | clothing store | Kongssenteret|Tommelstads gate 1, 2212 Kongsvinger | NOK 5.3M | 5 | NOK 392.8K |
| Bunadsriket As | clothing store | Brattbakken 15, 2208 Kongsvinger | NOK 0 | 0 | NOK 0 |
| Casa Blanca As | clothing store | Jernbanegata 2, 2211 Kongsvinger | NOK 6.4M | 3 | NOK 0 |
| Fjellultra V/joakim Haugen | clothing store | Kråkevegen 54, 2209 Kongsvinger | NOK 0 | 0 | NOK 0 |
| Fwiw Johansen | clothing store | Vardevegen 26, 2219 Brandval | NOK 0 | 0 | NOK 0 |
| Garnstua Ans | knit store | Glommengata 33, 2211 Kongsvinger | NOK 0 | 4 | NOK 0 |
| Imma As | clothing store | Kristines gate 18, 2208 Kongsvinger | NOK 0 | 0 | NOK 0 |
| Imma As | clothing store | Kristines gate 18, 2208 Kongsvinger | NOK 0 | 0 | NOK 0 |
| M Expressen Boligfornyelse Sønsterudbråten | knit store | Grinderveien, 2217 Hokkåsen | NOK 0 | 0 | NOK 0 |
| Mamamum As | clothing store | Fiolbakken 8, 2208 Kongsvinger | NOK 0 | 0 | NOK 0 |
| Masonmale As | clothing store | Anna Guldbæks veg 5, 2212 Kongsvinger | NOK 0 | 0 | NOK 0 |
| Masonmale As | clothing store | Anna Guldbæks veg 5, 2212 Kongsvinger | NOK 0 | 0 | NOK 0 |
| Ny Stil Secondhand Kristiansen | second-hand goods store | Jernbanegata 16, 2211 Kongsvinger | NOK 0 | 0 | NOK 0 |
| Ny Stil Secondhand Kristiansen | second-hand goods store | Jernbanegata 16, 2211 Kongsvinger | NOK 0 | 0 | NOK 0 |
| Sentencié Skirbekk | clothing store | Isak Bogers veg 3, 2212 Kongsvinger | NOK 0 | 0 | NOK 0 |
| Studio 15 Heggtveit | second-hand goods store | Glommengata 15, 2211 Kongsvinger | NOK 0 | 0 | NOK 0 |
| Tex Consult, Yngve Larsen | second-hand goods store | Sætabergvegen 159, 2218 Lundersæter | NOK 0 | 0 | NOK 0 |
| Vinger Landhandel As | clothing store | Tryms veg 12, 2214 Kongsvinger | NOK 0 | 1 | NOK 0 |
| Ving Partner As | clothing store | Bekkefaret 50, 2214 Kongsvinger | NOK 0 | 0 | NOK -1.0K |
| Nuevo As | clothing store | Brugata 4, 2212 Kongsvinger | NOK 3.2M | 6 | NOK -339.0K |
| Zavanna Kongssenteret Avd 591 | clothing store | Brugata 15, 2212 Kongsvinger | NOK 4.0M | 6 | NOK -467.0K |
Conclusion
The footwear store industry in Kongsvinger is a very small and unstable industry with only one company. The single company has been in operation since 2001, but has been marked by a significant decline in sales and employees. This indicates that the industry has not been able to maintain a stable economy. Entrepreneurs should consider looking at other sectors within the broader creative, art, and entertainment activities industry, which has more companies and potentially better economic trends. SmartGrunder can help entrepreneurs find suitable addresses and locations in Kongsvinger for new businesses in this industry.