Industry · municipality
Footwear Store Industry in Lyngdal: A Comprehensive Overview
Key Insights on Companies, Statistics, and Outlook for Founders and Local Decision-Makers in Lyngdal, Norway
Executive Summary
Industry Overview
The footwear store industry in Lyngdal consists of two companies, with a total of 15 employees and annual sales of approximately NOK 4.7 million. The industry has shown variation in sales and employees over time, with a significant decline in 2020 and a gradual increase since. There are no bankruptcy registrations among the companies in the industry, but one of the two businesses (Euro Sko Lyngdal) has reported no operating results. This indicates an industry with both stability and challenges related to operating results and market conditions.
Economic Overview
Sales and Employee Development (2016–2025):
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 11.7M | 24 |
| 2017 | 11.1M | 23 |
| 2018 | 10.4M | 21 |
| 2019 | 10.8M | 17 |
| 2020 | 6.8M | 10 |
| 2021 | 7.5M | 11 |
| 2022 | 7.6M | 12 |
| 2023 | 7.5M | 12 |
| 2024 | 4.2M | 10 |
| 2025 | 4.6M | 11 |
Key Figures:
- Sales decreased by 43.5% from 2023 to 2024, but increased by 8.9% in 2025.
- The number of employees decreased by 16.7% from 2023 to 2024, but increased by 10% in 2025.
- The industry has an average gross profit margin of 51% and operating profit margin of 7%.
Conclusion: The industry has shown instability in sales and employees, with a significant decline in 2020 and a gradual increase since. There is a need to analyze the reasons for the decline in 2024 and how the companies have handled the challenges.
Companies in the Industry
Registered Companies in Lyngdal (2025):
- Williamsen As (Kirkeveien 14, Lyngdal)
- Company Form: AS
- Founded: June 29, 1981
- Number of Employees: 8
- Operating Result: NOK 343,000
- Sales: NOK 4.7 million
- EBITDA: NOK 349,000
- Total Equity: NOK 1.7 million
- Total Debt: NOK 1.1 million
| 2. Euro Sko Lyngdal (Alleen Senter | Fiboveien 1, Lyngdal) |
|---|
- Company Form: AS
- Founded: March 13, 1997
- Number of Employees: 7
- Operating Result: NOK 0
- Sales: NOK 0
- EBITDA: NOK 0
- Total Equity: NOK 0
- Total Debt: NOK 0
Company Form: All companies in the industry are registered as AS (limited liability company). No companies are registered with other company forms.
Conclusion: Williamsen As is the most stable business in the industry, with positive operating results and equity. Euro Sko Lyngdal has no operating results and is not active today.
Business Geography
Activity Distributed Across Neighborhoods in Lyngdal (2025):
| Neighborhood | Number of Companies | Number of Employees | Sales (NOK) |
|---|---|---|---|
| Lyngdal | 2 | 15 | 4.7M |
Conclusion: All businesses in the industry are located in Lyngdal. There is no distribution to other neighborhoods in the municipality. This indicates that the industry is concentrated in a central part of the municipality, which can be an advantage for collaboration and marketing, but also a challenge in terms of reaching customers in other parts of the municipality.
Business Dynamics
Bankruptcy Statistics:
- There are no bankruptcy registrations among the companies in the industry in Lyngdal.
Operating Results and Stability:
- Williamsen As has positive operating results and equity, while Euro Sko Lyngdal has no operating results and is not active.
- Sales and employees have shown variation over time, with a significant decline in 2020 and a gradual increase since.
Conclusion: The industry has shown itself to be relatively stable in terms of bankruptcy, but there are challenges related to operating results and market conditions. There is a need to analyze the reasons for the decline in 2024 and how the companies have handled the challenges.
Outlook
Outlook for Founders
Analysis of Data for Founders:
- The industry has shown itself to be relatively stable in terms of bankruptcy, but there are challenges related to operating results and market conditions.
- Sales and employees have shown variation over time, with a significant decline in 2020 and a gradual increase since.
- There is a need to analyze the reasons for the decline in 2024 and how the companies have handled the challenges.
Opportunities and Challenges:
- Opportunities: Stable market, potential to develop new products and services, and potential collaboration opportunities with other businesses in the municipality.
- Challenges: Bankruptcy risk, operating results, and market conditions.
Conclusion: For founders, the industry in Lyngdal can be a challenge, but also an opportunity. It is important to analyze market conditions and operating results before starting a new business.
Outlook for the Overarching Industry
Overarching Industry (Creative, Art, and Entertainment Activities):
- Number of Companies: 18
- Sales: NOK 62.4 million in 2025
- Number of Employees: 88 in 2026
Competing Companies in the Overarching Industry (2025):
| Name | Address | Sales (NOK) | Employees | EBITDA (NOK) |
|---|---|---|---|---|
| Dressmann As Avd 239 Lyngdal | Fiboveien 1, 4580 Lyngdal | 11.9M | 5 | 1.9M |
| Match Lyngdal Avd 281 | Alleen 6, 4580 Lyngdal | 6.6M | 8 | 1.5M |
| Kappahl As Avd 415 Lyngdal | Fiboveien 1, 4580 Lyngdal | 11.7M | 14 | 1.4M |
| Fabienne As | Alleen 5, 4580 Lyngdal | 10.5M | 9 | 1.2M |
| Valentino Mote As | Aanen O. Bergsakers gate 2, 4580 Lyngdal | 8.7M | 8 | 1.1M |
Conclusion: The overarching industry (creative, art, and entertainment activities) has more companies and higher sales than the footwear store industry. There are opportunities for collaboration and marketing, but also competing companies that can be a challenge.
Other companies in kreative, kunst og underholdningsaktiviteter (not in footwear store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Dressmann As Avd 239 Lyngdal | clothing store | Fiboveien 1, 4580 Lyngdal | NOK 11.9M | 5 | NOK 1.9M |
| Match Lyngdal Avd 281 | clothing store | Alleen 6, 4580 Lyngdal | NOK 6.6M | 8 | NOK 1.5M |
| Kappahl As Avd 415 Lyngdal | clothing store | Fiboveien 1, 4580 Lyngdal | NOK 11.7M | 14 | NOK 1.4M |
| Fabienne As | clothing store | Alleen 5, 4580 Lyngdal | NOK 10.5M | 9 | NOK 1.2M |
| Valentino Mote As | clothing store | Aanen O. Bergsakers gate 2, 4580 Lyngdal | NOK 8.7M | 8 | NOK 1.1M |
| Lindex As Avd Lyngdal | clothing store | Sentrumsgården|Alleen 5, 4580 Lyngdal | NOK 13.2M | 9 | NOK 485.1K |
| Nais As | clothing store | Kirkeveien 21, 4580 Lyngdal | NOK 3.9M | 8 | NOK 231.0K |
| Stella Stars As | clothing store | Kirkeveien 8, 4580 Lyngdal | NOK 8.0M | 8 | NOK 72.0K |
| Coolfashion Wenche Ørjansen Skaar | clothing store | Kårikstadveien 254, 4580 Lyngdal | NOK 0 | 0 | NOK 0 |
| Cubus Lyngdal Avd 85e | clothing store | Fiboveien 1, 4580 Lyngdal | NOK 0 | 8 | NOK 0 |
| Nisjesjappa As | knit store | c/o Hilde Birkeland|Oftebroveien 18, 4580 Lyngdal | NOK 0 | 0 | NOK 0 |
| Rejoice Always As | clothing store | Monoddveien 15, 4580 Lyngdal | NOK 0 | 0 | NOK 0 |
| Rejoice Always As | clothing store | Monoddveien 15, 4580 Lyngdal | NOK 0 | 0 | NOK 0 |
| Tallaksen Rasmus As Avd Lyngdal | clothing store | Fiboveien 1, 4580 Lyngdal | NOK 0 | 0 | NOK 0 |
| Wenche Melands Bruktmarked | second-hand goods store | Grøndokkmoen 10, 4580 Lyngdal | NOK 0 | 0 | NOK 0 |
| Wenche Melands Bruktmarked | second-hand goods store | Grøndokkmoen 10, 4580 Lyngdal | NOK 0 | 0 | NOK 0 |
Conclusion
The footwear store industry in Lyngdal has shown itself to be relatively stable in terms of bankruptcy, but there are challenges related to operating results and market conditions. There is a need to analyze the reasons for the decline in 2024 and how the companies have handled the challenges. For founders, the industry can be a challenge, but also an opportunity. It is important to analyze market conditions and operating results before starting a new business. SmartGrunder can help founders find suitable addresses in Lyngdal for this industry, based on natural conditions and potential opportunities.