Industry · municipality
Footwear Store Industry in Kragerø: A Comprehensive Analysis
Key Insights on Companies, Economic Data, and Outlook for Founders and Local Decision-Makers in the Footwear Store Sector in Kragerø, Norway
Executive Summary
Industry Overview
The footwear store industry in Kragerø is represented by one active company, Eurosko Volum, which operates in Sannidal. The industry shows dynamic development with both rising and falling trends over the years. Although the number of employees has decreased from 13 in 2019 to 6 in 2026, sales have shown an increase in 2024 and 2025. This indicates a degree of stabilization after a period of challenges. The industry also has a high gross profit (182%) and a relatively high EBITDA margin (6%), which shows good operational efficiency.
Key Figures
- Sales: Highest in 2024 (NOK 6.9 million) after a decline in 2023 (NOK 4.6 million)
- Employees: Fallen from 13 in 2019 to 6 in 2026, with an increase in 2025
- EBITDA: 798,000 NOK in 2023, with an increase to 798,000 NOK in 2024
- Debt: 7.3 million NOK in 2023, showing a high debt level
- Equity: 1.1 million NOK in 2023
Economic Overview
The footwear store industry in Kragerø has shown a complex development over the years. Sales have varied between NOK 4.6 million (2023) and NOK 6.9 million (2024), with a decline of 28% in 2023 after increasing by 51.3% in 2024. The number of employees has fallen from 13 in 2019 to 6 in 2026, with an increase in 2025. This shows a degree of instability in the labor market, but also an opportunity to adapt to market conditions.
Annual Development
| Year | Sales (NOK) | Number of Employees | EBITDA (NOK) |
|---|---|---|---|
| 2016 | 6.6M | 8 | 798K |
| 2017 | 7.4M | 10 | 798K |
| 2018 | 6.3M | 12 | 798K |
| 2019 | 5.5M | 13 | 798K |
| 2020 | 5.3M | 12 | 798K |
| 2021 | 5.7M | 12 | 798K |
| 2022 | 6.3M | 11 | 798K |
| 2023 | 4.6M | 6 | 798K |
| 2024 | 6.9M | 4 | 798K |
| 2025 | 6.9M | 6 | 798K |
Development in Percent
- Sales: Largest increase in 2024 (+51.3%) after a decline in 2023 (-28.0%)
- Employees: Largest decrease in 2023 (-45.5%) after an increase in 2025 (+50.0%)
- EBITDA: Remained stable at 798,000 NOK throughout the period
Companies in the Industry
In Kragerø, the following companies are registered in the footwear store industry:
- Eurosko Volum (Kjølebrøndsveien 5, Sannidal)
- Legal Form: AS
- Incorporation Year: 2010
- Number of Employees: 6
- Bankrupt: Not bankrupt
- Postal Code: 3766
- Municipality: Kragerø
- County: Vestfold and Telemark
- Sales: NOK 12.0 million
- Wages: NOK 3.1 million
- Operating Profit: NOK 478,800
- EBITDA: NOK 798,000
- Gross Receivables: NOK 21.9 million
- Equity: NOK 1.1 million
- Debt: NOK 7.3 million
- Sales Growth: 39%
- EBITDA Margin: 6%
- Operating Profit per Employee: NOK 1.2 million
- EBITDA per Employee: NOK 78,300
Legal Form
- AS: 1 company, 6 employees, NOK 12.0 million in sales, NOK 798,000 in EBITDA
Business Geography
The footwear store industry in Kragerø is concentrated in the following areas:
- Sannidal
- Number of Companies: 1
- Number of Employees: 6
- Operating Income: NOK 12.0 million
- Sales: NOK 12.0 million
- Wages: NOK 3.1 million
- Operating Profit: NOK 478,800
- EBITDA: NOK 798,000
- Gross Receivables: NOK 21.9 million
- Equity: NOK 1.1 million
- Debt: NOK 7.3 million
- Sales Growth: 39%
- EBITDA Margin: 6%
- Operating Profit per Employee: NOK 1.9 million
- EBITDA per Employee: NOK 125,500
- Gross Margin: 182%
- Operating Margin: 3%
Business Dynamics
The footwear store industry in Kragerø has shown a degree of stability, despite challenges related to the number of employees and sales. Eurosko Volum is the only company in the industry and has not been bankrupt. This indicates a degree of stabilization in the industry, even though there have been periods of decline in sales and the number of employees.
Bankruptcy Statistics
- Number of Bankrupt Companies: 0
- Bankruptcy Rate: 0%
- Bankruptcy Causes: Not available
- Bankruptcy Values: Not available
- Bankruptcy Causes: Not available
Outlook for Founders
The footwear store industry in Kragerø shows a degree of stabilization after a period of challenges. Sales have increased by 51.3% in 2024 and 2025, which suggests a possible improvement in market conditions. This can be a good opportunity for founders who want to establish themselves in the industry. However, founders should be aware of the previous declines in sales and the number of employees, which may indicate a degree of instability in the industry.
Development in Percent
- Sales: Largest increase in 2024 (+51.3%) after a decline in 2023 (-28.0%)
- Employees: Largest decrease in 2023 (-45.5%) after an increase in 2025 (+50.0%)
- EBITDA: Remained stable at 798,000 NOK throughout the period
Outlook for Parent Industry
The creative, art, and entertainment activities industry in Kragerø has shown a more stable development compared to the footwear store industry. Sales have increased by 18.6% in 2020 and 11.8% in 2021, which suggests stronger market conditions in this industry. The number of employees has also shown a more stable development, with an increase of 13.6% in 2017 and 15.7% in 2025.
Peer Companies
| Name | Address | Sales (NOK) | Number of Employees | EBITDA (NOK) | |
|---|---|---|---|---|---|
| Classique As | STORGATA 7, 3770 Kragerø | 13.4M | 23 | 2.3M | |
| Cubus Sannidal Avd 851 | 0, 3766 Sannidal | 10.1M | 8 | 941,300 | |
| Lise Ann's As | P.A.Heuchs gate 13A, 3770 Kragerø | 6.8M | 13 | 664,000 | |
| Paa Hjørnet As | Storgata 21A, 3770 Kragerø | 5.6M | 14 | 626,000 | |
| Westernbutikken As | c/o Roy Skjellaug | Helleveien 275, 3790 | 6.2M | 4 | 275,000 |
| Vestøl Herre Og Ungdomsklær As | Kirkegata 11, 3770 Kragerø | 4.7M | 5 | 63,000 | |
| Dahlia As | Storgata 13, 3770 Kragerø | 0 | 6 | 0 | |
| He Butikk As | P.A.Heuchs gate 18, 3770 Kragerø | 0 | 5 | 0 | |
| Hihn 2e | Kirkegata 2E, 3770 Kragerø | 0 | 0 | 0 | |
| Hihn 2e | Kirkegata 2E, 3770 Kragerø | 0 | 0 | 0 | |
| Julie Josephine As Kragerø | Torvgata 3, 3770 Kragerø | 0 | 0 | 0 | |
| Kaspersen | Kvilebakke 5, 3766 Sannidal | 0 | 0 | 0 | |
| Kragerø Bruktsalg Og Utleie As | Kragerøveien 410, 3772 | 0 | 0 | 0 | |
| Kragerø Kreative Gjenbruk V/siv Tanja Johansen | Heglandsveien 39A, 3766 Sannidal | 0 | 0 | 0 | |
| Laagasken Equestrian As | Heglandsveien 45, 3766 Sannidal | 0 | 0 | 0 | |
| Lipski Perioli | Vadfossveien 7B, 3772 Kragerø | 0 | 0 | 0 | |
| Lipski Perioli | Vadfossveien 7B, 3772 Kragerø | 0 | 0 | 0 | |
| Nikita Attitude Britt Brenden | Storgata 8, 3770 Kragerø | 0 | 0 | 0 | |
| Nikita Attitude Britt Brenden | Storgata 8, 3770 Kragerø | 0 | 0 | 0 | |
| Oda Mariell Tønnesland | Vidsjåveien 11, 3772 Kragerø | 0 | 0 | 0 | |
| Sander Heibøs Vinylsjappa | Sannidalsveien 155, 3766 | 0 | 0 | 0 | |
| Shape Regime Norway As | Kirkegata 2A, 3770 Kragerø | 0 | 0 | 0 | |
| Stilk As | Rådhusgaten 1, 3770 Kragerø | 0 | 5 | 0 | |
| Strikk Innom!, Sættem | Svarttjennveien 2, 3790 Helle | 0 | 0 | 0 | |
| Torikatu Ørvik | Torvgata 4, 3770 Kragerø | 0 | 0 | 0 | |
| Verdensnyttigsteidiot Daniel Plassen | Storgata 9, 3770 Kragerø | 0 | 0 | 0 | |
| Vevbutikken V/ernstsen | Ramsdalsveien 13, 3766 Sannidal | 0 | 0 | 0 | |
| Badeungen As | Schweigaards vei 7, 3770 Kragerø | 0 | 0 | -2,000 | |
| Zavanna Alti Kragerø Avd 581 | Kjølebrøndsveien 1, 3766 Sannidal | 3.5M | 5 | -408,600 | |
| Sot Invest As | Industriveien 10B, 3766 Sannidal | 0 | 0 | -575,000 |
Other companies in kreative, kunst og underholdningsaktiviteter (not in footwear store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Classique As | clothing store | STORGATA 7, 3770 Kragerø | NOK 13.4M | 23 | NOK 2.3M |
| Cubus Sannidal Avd 851 | clothing store | 0, 3766 Sannidal | NOK 10.1M | 8 | NOK 941.3K |
| Lise Ann's As | clothing store | P.A.Heuchs gate 13A, 3770 Kragerø | NOK 6.8M | 13 | NOK 664.0K |
| Paa Hjørnet As | clothing store | Storgata 21A, 3770 Kragerø | NOK 5.6M | 14 | NOK 626.0K |
| Westernbutikken As | clothing store | c/o Roy Skjellaug|Helleveien 275, 3790 | NOK 6.2M | 4 | NOK 275.0K |
| Vestøl Herre Og Ungdomsklær As | clothing store | Kirkegata 11, 3770 Kragerø | NOK 4.7M | 5 | NOK 63.0K |
| Dahlia As | knit store | Storgata 13, 3770 Kragerø | NOK 0 | 6 | NOK 0 |
| He Butikk As | clothing store | P.A.Heuchs gate 18, 3770 Kragerø | NOK 0 | 5 | NOK 0 |
| Hihn 2e | clothing store | Kirkegata 2E, 3770 Kragerø | NOK 0 | 0 | NOK 0 |
| Hihn 2e | clothing store | Kirkegata 2E, 3770 Kragerø | NOK 0 | 0 | NOK 0 |
| Julie Josephine As Kragerø | clothing store | Torvgata 3, 3770 Kragerø | NOK 0 | 0 | NOK 0 |
| Kaspersen | clothing store | Kvilebakke 5, 3766 Sannidal | NOK 0 | 0 | NOK 0 |
| Kragerø Bruktsalg Og Utleie As | second-hand goods store | Kragerøveien 410, 3772 | NOK 0 | 0 | NOK 0 |
| Kragerø Kreative Gjenbruk V/siv Tanja Johansen | second-hand goods store | Heglandsveien 39A, 3766 Sannidal | NOK 0 | 0 | NOK 0 |
| Laagasken Equestrian As | clothing store | Heglandsveien 45, 3766 Sannidal | NOK 0 | 0 | NOK 0 |
| Lipski Perioli | second-hand goods store | Vadfossveien 7B, 3772 Kragerø | NOK 0 | 0 | NOK 0 |
| Lipski Perioli | second-hand goods store | Vadfossveien 7B, 3772 Kragerø | NOK 0 | 0 | NOK 0 |
| Nikita Attitude Britt Brenden | clothing store | Storgata 8, 3770 Kragerø | NOK 0 | 0 | NOK 0 |
| Nikita Attitude Britt Brenden | clothing store | Storgata 8, 3770 Kragerø | NOK 0 | 0 | NOK 0 |
| Oda Mariell Tønnesland | knit store | Vidsjåveien 11, 3772 Kragerø | NOK 0 | 0 | NOK 0 |
| Sander Heibøs Vinylsjappa | second-hand goods store | Sannidalsveien 155, 3766 | NOK 0 | 0 | NOK 0 |
| Shape Regime Norway As | clothing store | Kirkegata 2A, 3770 Kragerø | NOK 0 | 0 | NOK 0 |
| Stilk As | clothing store | Rådhusgaten 1, 3770 Kragerø | NOK 0 | 5 | NOK 0 |
| Strikk Innom!, Sættem | knit store | Svarttjennveien 2, 3790 Helle | NOK 0 | 0 | NOK 0 |
| Torikatu Ørvik | knit store | Torvgata 4, 3770 Kragerø | NOK 0 | 0 | NOK 0 |
| Verdensnyttigsteidiot Daniel Plassen | second-hand goods store | Storgata 9, 3770 Kragerø | NOK 0 | 0 | NOK 0 |
| Vevbutikken V/ernstsen | knit store | Ramsdalsveien 13, 3766 Sannidal | NOK 0 | 0 | NOK 0 |
| Badeungen As | clothing store | Schweigaards vei 7, 3770 Kragerø | NOK 0 | 0 | NOK -2.0K |
| Zavanna Alti Kragerø Avd 581 | clothing store | Kjølebrøndsveien 1, 3766 Sannidal | NOK 3.5M | 5 | NOK -408.6K |
| Sot Invest As | clothing store | Industriveien 10B, 3766 Sannidal | NOK 0 | 0 | NOK -575.0K |
Conclusion
The footwear store industry in Kragerø shows a degree of stabilization after a period of challenges. Sales have increased by 51.3% in 2024 and 2025, which suggests a possible improvement in market conditions. This can be a good opportunity for founders who want to establish themselves in the industry. However, founders should be aware of the previous declines in sales and the number of employees, which may indicate a degree of instability in the industry. At the same time, the parent industry of creative, art, and entertainment activities shows a more stable development, which can be a good reference for founders considering establishing themselves in Kragerø.