Industry · municipality
Footwear Store in Midt Telemark: An Analysis of the Business Sector, Companies, and Outlook
Economic overview, company structure, and development trends in the Midt Telemark municipality for the footwear store industry.
Economic Overview
Sales and Employees in the Period 2016–2025
- Sales: Sales in Midt Telemark were recorded in 2020 (NOK 3.8 million) and 2021 (NOK 4.9 million), but there was a significant decline in 2022 (NOK 2.4 million). There is no data for years after 2025, where sales are recorded as NOK 0.
- Employees: The number of employees varied between 2 and 3 from 2020 to 2021, but there was a significant decline in 2025 to 1 employee. There is no data for 2026.
Annual Changes:
- Sales: +29.1% from 2020 to 2021, but -50.4% from 2021 to 2022.
- Employees: -33.3% from 2021 to 2022, +50.0% from 2023 to 2024, and -66.7% from 2024 to 2025.
Conclusion: Sales and the number of employees have been unstable, with a significant decline in 2022 and 2025. There is no data for annual results after 2025.
Companies in the Industry
There are no companies registered in the footwear store industry in Midt Telemark according to available data. However, 18 companies are registered in the broader category of creative, art, and entertainment activities in the municipality, which includes companies in the textile and clothing trade, second-hand stores, and other creative sectors.
Organizational Forms: There is no detailed data on organizational forms for companies in the footwear store industry, but in the broader category, companies with various organizational forms are registered, including AS, sole proprietorships, and other organizational forms.
Conclusion: No companies are registered in the footwear store industry, but there is activity in the broader creative sector. This may be relevant for entrepreneurs considering starting a business in a related industry.
Business Geography
There is no detailed data on the distribution of footwear store businesses in different neighborhoods or locations in Midt Telemark. However, companies are registered in the broader category of creative, art, and entertainment activities in the municipality, particularly in Bø and Gvarv. This may indicate a concentration of creative and textile-related businesses in these areas.
Conclusion: There is no data on the geographic distribution for the footwear store industry, but there is a concentration of companies in the broader creative sector in Bø and Gvarv.
Business Dynamics
There is no available data on bankruptcies or bankrupt companies in the footwear store industry in Midt Telemark. However, companies are registered in the broader category of creative, art, and entertainment activities, where some companies have negative EBITDA and zero sales, which may indicate economic challenges.
Conclusion: There is no data on bankruptcies in the footwear store industry, but there is a certain degree of economic uncertainty in the broader creative sector, which may be relevant for entrepreneurs.
Outlook
footwear store industry in Midt Telemark has shown unstable trends in sales and number of employees, with a significant decline in 2022 and 2025. This may indicate challenges related to market conditions, bankruptcy, or other economic factors. However, there is no data on bankruptcies or bankrupt companies in the industry, which may indicate a certain degree of stability.
Conclusion: For entrepreneurs considering starting a business in the footwear store industry in Midt Telemark, it may be important to consider the unstable trends in sales and number of employees. It may also be relevant to look at the broader creative sector to find potential collaboration opportunities or market conditions.
Outlook for the Broader Category
creative, art, and entertainment activities industry in Midt Telemark has shown a more stable development compared to the footwear store industry. Sales have increased from 2020 (NOK 51.4 million) to 2022 (NOK 63.4 million), but there has been a significant decline in 2023 (NOK 41.9 million) and 2025 (NOK 31.3 million). The number of employees has varied between 54 and 71 from 2020 to 2024, but there is a decline in 2025 to 61 employees.
Conclusion: The broader creative sector has shown a more stable development compared to the footwear store industry, but there is a certain degree of uncertainty in recent years. This may be relevant for entrepreneurs considering starting a business in a related industry.
Other companies in kreative, kunst og underholdningsaktiviteter (not in footwear store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Match Bø Avd 297 | clothing store | Stasjonsvegen 28, 3800 Bø I Telemark | NOK 6.6M | 6 | NOK 1.5M |
| Dressmann As Avd 139 Bøsenteret | clothing store | Stasjonsvegen 28, 3800 Bø I Telemark | NOK 6.8M | 6 | NOK 1.1M |
| Lindex As Avd Bø I Telemark | clothing store | Stasjonsvegen 28, 3800 Bø I Telemark | NOK 13.2M | 10 | NOK 485.1K |
| Exito As | clothing store | Bøgata 27, 3800 Bø I Telemark | NOK 3.0M | 7 | NOK 74.0K |
| Gjermund Grivi As | clothing store | Bøgata 75, 3800 Bø I Telemark | NOK 683.0K | 1 | NOK 65.0K |
| Bærekraftig Handel J Lia | second-hand goods store | Det Gule Hus|Bøgata 33, 3800 Bø I Telemark | NOK 0 | 0 | NOK 0 |
| Cubus Bø Avd 89c | clothing store | Bøgata 36, 3800 Bø I Telemark | NOK 0 | 4 | NOK 0 |
| Grønn Sirkel W Darrud | second-hand goods store | Sulukollvegen 45, 3810 Gvarv | NOK 0 | 0 | NOK 0 |
| Grønne Byggevarer As | second-hand goods store | Brennavegen 18, 3810 Gvarv | NOK 0 | 0 | NOK 0 |
| Haugholt Nytt Og Brukt | second-hand goods store | Holmenvegen 33, 3810 Gvarv | NOK 0 | 0 | NOK 0 |
| Kari Elisabeth Aas Seliussen | clothing store | Seljordvegen 1225, 3803 Bø I Telemark | NOK 0 | 0 | NOK 0 |
| Solberg Ventures | clothing store | Gamlegata 38, 3810 Gvarv | NOK 0 | 0 | NOK 0 |
| Sycompagniet Sissel | clothing store | Mastedalvegen 8, 3803 Bø I Telemark | NOK 0 | 0 | NOK 0 |
| Wenche's Bunadverksted V/kleiva | knit store | Stasjonsvegen 29, 3800 Bø I Telemark | NOK 0 | 0 | NOK 0 |
| · Jynex Mirozada | clothing store | Røysumvegen 45A, 3801 Bø I Telemark | NOK 0 | 0 | NOK 0 |
| M. Sønstebø Holding As | clothing store | Bøgata 36, 3800 Bø I Telemark | NOK 0 | 0 | NOK -64.0K |
| Zavanna Bøsenteret Avd 520 | clothing store | Stasjonsvegen 28, 3800 Bø I Telemark | NOK 3.0M | 4 | NOK -350.3K |
| Sønstebø Drift As | clothing store | Bøgata 36, 3800 Bø I Telemark | NOK 16.5M | 17 | NOK -3.3M |
Conclusion
footwear store industry in Midt Telemark has shown unstable trends in sales and number of employees, with a significant decline in 2022 and 2025. No companies are registered in the industry, but there is activity in the broader creative sector, which includes companies in the textile and clothing trade, second-hand stores, and other creative sectors.
Conclusion: For entrepreneurs considering starting a business in the footwear store industry in Midt Telemark, it may be important to consider the unstable trends in sales and number of employees. It may also be relevant to look at the broader creative sector to find potential collaboration opportunities or market conditions. SmartGrunder can help entrepreneurs explore addresses in the municipality for this industry, where there may be opportunities for development.