Footwear Store in Namsos

Industry Overview

In Namsos, there are four companies registered within the footwear store industry. The total sales for these companies grew by +22.3% from 2022 to 2023, but subsequently declined by -3.5% from 2023 to 2024. In 2025, sales amounted to NOK 25.2 million, indicating a gradual decline in recent years. Employees in the industry have varied between 23 and 29 people, with a decrease of -4.2% from 2024 to 2025. The industry has a high average gross profit margin of 492%, suggesting that there are good business opportunities in this sector.

Sales:

• 2023: NOK 29.1 million
• 2024: NOK 28.1 million
• 2025: NOK 25.2 million

Year-over-Year Change:

• 2022→2023: +22.3%
• 2023→2024: -3.5%
• 2024→2025: -10.3%

Employees:

• 2023: 29 people
• 2024: 24 people
• 2025: 23 people

Year-over-Year Change:

• 2022→2023: +20.8%
• 2023→2024: -17.2%
• 2024→2025: -4.2%

The industry experienced sales growth from 2022 to 2023, but has since experienced a decline in recent years. Employee numbers have also decreased, which may indicate that some companies have reduced operations or closed down.

The following companies are registered within the footwear store industry in Namsos:

Organizational Form:

• AS: 3 companies, 22 employees, NOK 23.2 million sales, NOK 1.1 million EBITDA, 4% EBITDA margin, 492% gross profit margin.

All four companies in the footwear store industry in Namsos are registered in Namsos. There is no sub-division of activity in other districts or locations within the municipality. There is no available data on the distribution of activity in other districts within the municipality for this industry.

Within the footwear store industry in Namsos, there are no registered bankruptcies among the four companies during the period. There is no available data on bankruptcies or companies with operational challenges in this industry. However, there is some variation in financial results between the companies, with one company group having negative EBITDA (Ole Bruun Olsen As) and others with positive EBITDA (B Røthe As Avd Skoringen).

Outlook for Entrepreneurs

For entrepreneurs considering starting a footwear store in Namsos, the data shows a slightly declining trend in sales and number of employees in recent years. This may indicate that market conditions and competition in the sector have become more challenging. However, there is a high gross profit margin (492%), suggesting that there is still potential for profitability in this industry. Entrepreneurs should consider focusing on differentiation, customer satisfaction, and efficient operations to ensure competitiveness in Namsos.

Overarching Industry: Creative, Arts, and Entertainment Activities

• Number of Companies: 39
• Sales (2025): NOK 132.5 million
• Employees (2025): 121 people

Comparison with the footwear store Industry:

• Sales: The overarching industry had sales of NOK 132.5 million in 2025, while footwear store had NOK 25.2 million. This shows that the overarching industry has a much larger market share.
• Employees: The overarching industry had 121 employees in 2025, while footwear store had 23 employees. This shows that the overarching industry has a much larger share of the workforce.

Peer Companies in the Overarching Industry (Creative, Arts, and Entertainment Activities):

The overarching industry has a much larger market share and workforce share compared to the footwear store industry. This suggests that there are more opportunities for development and growth in the overarching industry in Namsos.

footwear store industry in Namsos has a high gross profit margin, but shows a decline in sales and number of employees in recent years. This may indicate that market conditions and competition in the sector have become more challenging. However, there is still potential for profitability in this industry. Entrepreneurs should consider focusing on differentiation, customer satisfaction, and efficient operations to ensure competitiveness in Namsos. The overarching industry (creative, arts, and entertainment activities) has a much larger market share and workforce share compared to the footwear store industry, suggesting that there are more opportunities for development and growth in the overarching industry in Namsos.