Footwear Store in Lillehammer

The footwear store industry in Lillehammer is a small but dynamic sector with 8 registered companies. In recent years, the industry has experienced both growth and decline, with a significant reduction in sales in 2025. There is a clear variation in company size and financial health, with some companies achieving positive results while others have gone bankrupt.

Key figures:

• Number of companies: 8
• Number of employees: 47 (2026)
• Sales: NOK 47.6 million (2023), NOK 23.8 million (2025)
• EBITDA: NOK 2.0 million (2023), NOK -6.0K (2025)

The industry plays an important role in Lillehammer's local economy, but there are challenges related to bankruptcies and uncertainty in sales figures.

Sales and employee development (2016–2026):

Critical points:

• Sales figures have fallen by 52.6% from 2024 to 2025, indicating a severe decline.
• The number of employees increased from 47 to 53 in 2025, but fell to 49 in 2026.
• EBITDA has been negative in 2025 for several companies, indicating financial challenges.

There are 8 companies registered in the footwear store industry in Lillehammer. Most are AS companies, and they have variable financial health. Below is an overview of the key companies:

Key companies:

1. Falkanger Sko As Avd Eurosko Strandtorget – 15 employees, sales of NOK 15.9M, EBITDA of NOK 1.2M.
2. Falkanger Sko As Avd Skomesteren Lillehammer – 13 employees, sales of NOK 10.6M, EBITDA of NOK 787.3K.
3. Snos Strandtorget As – 8 employees, sales of NOK 3.7M, EBITDA of NOK -6.0K.
4. Vandreskoen As – 4 employees, sales of NOK 3.5M, EBITDA of NOK 74.0K.

Bankruptcies:

• Stensrud As – 0 employees, sales of NOK 4.4M, EBITDA of NOK -587.0K.

Organizational form:

• AS – 5 companies, 47 employees, sales of NOK 33.7M, EBITDA of NOK 2.0M.

All companies in the footwear store industry in Lillehammer are registered in Lillehammer. There are 5 companies and 47 employees in the city. The sales figures for Lillehammer are NOK 33.7M, with an EBITDA of NOK 2.0M.

Key figures for Lillehammer:

• Number of companies: 5
• Number of employees: 47
• Sales: NOK 33.7M
• EBITDA: NOK 2.0M

There are no other cities or locations in Lillehammer with activity in this industry.

Bankruptcies and financial challenges:

• Stensrud As has gone bankrupt and has a negative EBITDA of NOK -587.0K. This indicates a serious financial situation for the company.

Other companies:

• Snos Strandtorget As has a negative EBITDA of NOK -6.0K, indicating weak financial health.
• Elite As Skoringen Lillehammer has no sales or employees, which may indicate a closure or a new start.

Conclusion: The industry has a certain degree of financial challenges, but there are also companies that achieve positive results. It is important to closely monitor the development.

Outlook for entrepreneurs

Trend analysis:

• Sales figures have fallen by 52.6% from 2024 to 2025, indicating a severe decline in the industry.
• The number of employees increased from 47 to 53 in 2025, but fell to 49 in 2026.
• EBITDA has been negative in 2025 for several companies, indicating financial challenges.

Expectations for entrepreneurs:

• There are challenges related to bankruptcies and uncertainty in sales figures.
• However, there are also opportunities for entrepreneurs who wish to establish themselves in a competitive sector.
• SmartGrunder can help entrepreneurs find suitable addresses in Lillehammer for this industry.

Creative, arts, and entertainment activities:

• Number of companies: 80
• Number of employees: 363 (2026)
• Sales: NOK 239.1M (2025)
• EBITDA: NOK -22.9% (2025)

Comparison with the footwear store industry:

• Number of companies: 8 (footwear store) vs. 80 (creative, arts, and entertainment activities)
• Sales: NOK 23.8M (footwear store) vs. NOK 239.1M (creative, arts, and entertainment activities)
• EBITDA: NOK -6.0K (footwear store) vs. NOK -22.9% (creative, arts, and entertainment activities)

Peer companies:

• Husfliden Lillehammer – NOK 26.0M in sales, 28 employees, EBITDA of NOK 2.6M.
• H & M Hennes & Mauritz As Avd 772 Strandtorget – NOK 43.0M in sales, 25 employees, EBITDA of NOK 1.9M.
• Kappahl As Avd 311 Lillehammer – NOK 16.8M in sales, 11 employees, EBITDA of NOK 1.9M.

Conclusion: Creative, arts, and entertainment activities have a larger market share and better financial health compared to the footwear store industry. However, there are opportunities for entrepreneurs in the footwear store industry.

The footwear store industry in Lillehammer is a small but dynamic sector with both challenges and opportunities. It is important to closely monitor the development and be aware of financial challenges. SmartGrunder can help entrepreneurs find suitable addresses in Lillehammer for this industry. There are opportunities for entrepreneurs who wish to establish themselves in a competitive sector, even though there are challenges related to bankruptcies and uncertainty in sales figures.