Footwear Store Industry in Narvik: A Comprehensive Analysis

Industry Overview

In Narvik, there are 4 companies within the footwear and clothing store industry, with a total of 26 employees and NOK 33.1 million in sales revenue in 2024. The industry has shown variation in its development, with a significant decline of 58.9% in sales revenue from 2024 to 2025, which may be due to external factors such as economic conditions or competition from online retail. Nevertheless, some companies such as Østerberg Klær & Sko AS and Sko+sånt AS have shown stable or positive development in recent years.

Sales Development (2016–2025):

Employees (2016–2026):

The industry has experienced highly uncertain development, with a sharp decline in 2025. This may be due to external factors such as economic conditions or competition from online retail.

The following companies are registered in Narvik within the footwear and clothing store industry:

1. Østerberg Klær & Sko AS (Kongens gate 66, Narvik)

• Founded: 1987
• Number of employees: 7
• Sales revenue: NOK 16.1M
• EBITDA: NOK 705.0K
• Organizational form: AS

1. Eurosko Amfi Narvik (Bolagsgata 1, Narvik)

• Founded: 1977
• Number of employees: 5
• Sales revenue: NOK 0
• EBITDA: NOK 0
• Organizational form: AS

1. Sko+sånt AS (Kongens gate 66, Narvik)

• Founded: 2006
• Number of employees: 5
• Sales revenue: NOK 5.7M
• EBITDA: NOK 543.0K
• Organizational form: AS

1. Skoøymagasinet Bjerkvik AS (Nordmoveien 14, Bjerkvik)

• Founded: 2015
• Number of employees: 4
• Sales revenue: NOK 3.3M
• EBITDA: NOK 55.0K
• Organizational form: AS

Organizational form: All companies are registered as AS (Anonyme Selskaper).

Narvik has 3 companies and 17 employees, with sales revenue of NOK 21.7M and operating profit of NOK 1.1M. Bjerkvik has 1 company and 4 employees, with sales revenue of NOK 3.3M and operating profit of NOK 51.0K. Narvik therefore has a much larger industrial presence compared to Bjerkvik.

None of the companies in the industry are registered as bankrupt, which shows a relative stability in the industry. Nevertheless, there has been a sharp decline in sales revenue in 2025, which may be due to external factors. EBITDA margins range between 1% and 9%, and the average wage per employee is NOK 85.7K. There is some variation in wage levels and operating margins between the companies.

Outlook for Entrepreneurs

The industry has shown variation in its development, with a sharp decline in 2025. This may be due to external factors such as economic conditions or competition from online retail. Nevertheless, there are opportunities to establish oneself in Narvik, especially if one can adapt to local needs and focus on quality or unique products. It is also possible to leverage cooperation with local companies such as Østerberg Klær & Sko AS to create synergies.

Creative, arts, and entertainment activities industry in Narvik has 35 companies and 159 employees in 2026, with sales revenue of NOK 102.7M in 2025. This is a much larger industry compared to footwear and clothing stores. Key companies in the broader industry group include Dressmann Thon Senter Narvik Avd 170 (NOK 18.7M in sales revenue) and H & M Hennes & Mauritz AS Avd 768 Amfisenteret Narvik (NOK 28.6M in sales revenue). These companies have higher sales revenue and EBITDA compared to footwear and clothing store companies in Narvik.

The footwear and clothing store industry in Narvik has shown variation in its development, with a sharp decline in 2025. Nevertheless, there are opportunities to establish oneself in the municipality, especially if one can adapt to local needs and focus on quality or unique products. It is also possible to leverage cooperation with local companies to create synergies. SmartGrunder can help entrepreneurs find suitable addresses in Narvik for this industry.