Industry · municipality
Footwear Store Industry in Kvinnherad: A Comprehensive Analysis
Insights into Economic Trends, Company Landscape, and Future Prospects
Brief Overview of the Industry
Footwear store in Kvinnherad is a small but dynamic industry with a single business located in the center of the municipality. The only registered company, Euro Sko Husnes, has shown variation in revenue and employees over time, with a peak in 2023 followed by a sharp decline in 2025. The industry has not experienced bankruptcy, but shows significant variations in economic results. This makes Kvinnherad an interesting but challenging market for entrepreneurs looking to establish themselves in the sector.
Economic Trends and Development
Economic Trends
Over time, revenue for footwear stores in Kvinnherad has shown significant variations. It reached a peak of NOK 7.5 million in 2023, followed by a sharp decline to NOK 1.1 million in 2025. This is a decline of 74.6% from 2024 to 2025, indicating significant instability in the industry.
Workforce Development
The number of employees has been even more volatile. There were 6 employees in 2022, but this dropped to 1 employee in 2025 before a sharp increase to 4 employees in 2026. This development shows both instability and potential growth opportunities in the future.
Companies in the Industry
Industry Players
Kvinnherad has one registered company in the footwear store sector: Euro Sko Husnes (Sentrumsvegen 15, Husnes). This is an AS with the following key data:
- Year of Incorporation: 1988
- Number of Employees: 6 (2026)
- Bankruptcy Status: Not bankrupt
- Revenue: NOK 1.5 million (2026)
- EBITDA: NOK 82,800 (2026)
- Gross Margin: 2414% (2026)
This shows a relatively stable business with high margins, even though the number of employees and revenue have been unstable over time.
Geographic Distribution of Businesses
Geographic Distribution
All businesses in the footwear store industry in Kvinnherad are located in Husnes. Here we find:
- 1 business
- 6 employees
- NOK 1.5 million in revenue
- NOK 82,800 in EBITDA
- NOK 36.2 million in gross profit
This shows that Husnes is the only significant geographic focus area for the industry in the municipality.
Dynamics and Risk Profile
Dynamics and Risk
The industry has not experienced bankruptcy during the recorded years, indicating a certain level of stability. However, the data show significant variations in both revenue and employees:
- Largest revenue decline: 74.6% from 2024 to 2025
- Largest employee increase: 300% from 2025 to 2026
This shows that the industry is vulnerable to market fluctuations, but also that there may be growth opportunities when conditions improve.
Outlook for Entrepreneurs
Development for Entrepreneurs
For entrepreneurs considering establishing themselves in the footwear store industry in Kvinnherad, the data show both challenges and opportunities. The only business has shown that it is possible to achieve high margins (2414%), but it is clear that the industry is vulnerable to significant variations in revenue and employees.
An important consideration is that no bankruptcy has been registered, indicating a certain level of market stability. However, entrepreneurs should be prepared for potential declines seen in 2025, and consider how they can protect themselves against such fluctuations.
Comparison with Broader Sector
Kvinnherad has 11 businesses in the broader creative, arts, and entertainment activities sector, compared to 1 business in the footwear store industry. This shows that the broader sector is more developed and has greater variation in businesses.
Peer Analysis
Current peer businesses in the creative, arts, and entertainment activities sector include:
| Name | Industry | Revenue | EBITDA | Employees |
|---|---|---|---|---|
| Kappahl As Avd 409 Husnes | Clothing Store | NOK 11.7M | NOK 1.4M | 8 |
| Giatex Husnes As | Clothing Store | NOK 11.3M | NOK 1.2M | 10 |
| Rosenform As | Clothing Store | NOK 4.5M | NOK -125K | 3 |
This shows that creative businesses in the municipality have both higher revenue and more variation in EBITDA than the footwear store industry.
Other companies in kreative, kunst og underholdningsaktiviteter (not in footwear store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Kappahl As Avd 409 Husnes | clothing store | Husnes Storsenter|Sentrumsvegen 41, 5460 | NOK 11.7M | 8 | NOK 1.4M |
| Giatex Husnes As | clothing store | Sentrumsvegen 15, 5460 Husnes | NOK 11.3M | 10 | NOK 1.2M |
| Senter Woman As | clothing store | Sentrumsvegen 15, 5460 Husnes | NOK 4.6M | 5 | NOK 215.0K |
| Albrethson Nettbutikk, Redigering Og Musikk | clothing store | Seimshamrane 24, 5472 Seimsfoss | NOK 0 | 0 | NOK 0 |
| Cubus Husnes Avd 84f | clothing store | Husnes Storsenter|Sentrumsvegen 15, 5460 | NOK 0 | 8 | NOK 0 |
| Detaljisten As | clothing store | Heiastølen 8B, 5454 Sæbøvik | NOK 0 | 0 | NOK 0 |
| Kewinmoto Gørbitz | clothing store | Indre Matre 85, 5498 | NOK 0 | 0 | NOK 0 |
| Kewinmoto Gørbitz | clothing store | Indre Matre 85, 5498 | NOK 0 | 0 | NOK 0 |
| Kremmerhuset Eriksen | second-hand goods store | Fetvegen 11, 5464 Dimmelsvik | NOK 0 | 0 | NOK 0 |
| Rosenform As | clothing store | 0, 5470 Rosendal | NOK 4.5M | 3 | NOK -125.0K |
Conclusion and Recommendations
The footwear store industry in Kvinnherad shows both potential and challenges. With one business that has shown high margins, but at the same time significant variations in revenue and employees, it is an interesting market for entrepreneurs seeking to establish themselves in the sector. The broader creative sector in the municipality shows a more stable development, but footwear store has its own opportunities.
SmartGrunder can help entrepreneurs find optimal addresses and business models in Kvinnherad for this industry. Be aware of local market fluctuations, but also potential growth opportunities in the future.