Footwear Store Industry in Notodden: A Comprehensive Analysis

Industry Overview

In Notodden, there are 2 companies registered within the footwear store industry. This industry shows a mix of stability and variation in recent years, with an average annual revenue of NOK 14.5 million and 9 employees. The most significant player is Eurosko Tuvensenteret, which operates with high revenue and a good operating margin. At the same time, there is a less active company, Bjørg Margrethe Høyset Skotøyforretning, which has not registered revenue or employees. This shows that the industry has both established players and potential challenges in the form of smaller companies that do not contribute to economic activity.

Sales and employee development:

• Sales: Over the past few years, sales figures for footwear stores in Notodden have shown variations. NOK 8.9 million was recorded in 2016, and the highest sales reached NOK 11.0 million in 2021. After that, there was a decline, but there is a slight improvement in 2025 with NOK 8.0 million.

• Employees: The number of employees has shown a decline over time, from 11 employees in 2016 to 5 employees in 2023, but there is a slight increase to 8 employees in 2026.

Operating results and margins:

• EBITDA margin: The industry has a high EBITDA margin of 10%, indicating good operational efficiency.

• Gross margin: The average gross margin is 3809%, suggesting that the industry has high revenues relative to costs.

Conclusion: Although sales and the number of employees have shown variations, the operating results and margins indicate that the industry has potential for stable operations.

In Notodden, there are 2 companies registered within the footwear store industry:

1. Eurosko Tuvensenteret (Tuvenbøygen 2, Notodden)

• Legal form: AS
• Established: 1983-04-05
• Employees: 9
• Revenue: NOK 14.5 million
• Operating profit: NOK 1.3 million
• EBITDA: NOK 1.5 million
• Gross profit: NOK 552.4 million
• Total equity: NOK 7.8 million
• Total debt: NOK 2.9 million

1. Bjørg Margrethe Høyset Skotøyforretning (Storgata 75, Notodden)

• Legal form: ENK
• Established: 1999-02-22
• Employees: 0
• Revenue: NOK 0
• Operating profit: NOK 0
• EBITDA: NOK 0
• Gross profit: NOK 0
• Total equity: NOK 0
• Total debt: NOK 0

Legal form: The only legal form registered is AS (limited liability company), and there is 1 company of this type. There are no companies of the type ENK (sole proprietorship) in the industry.

In Notodden, there is 1 district with activity within the footwear store industry:

• Notodden: 1 company, 9 employees, NOK 14.5 million in sales, NOK 1.3 million in operating profit, NOK 1.5 million in EBITDA, NOK 552.4 million in gross profit, NOK 7.8 million in total equity, NOK 2.9 million in total debt, 2% revenue growth, NOK 2.4 million in operating profit per employee, 10% EBITDA margin, NOK 241,300 in EBITDA per employee, 3809% gross margin, 8% operating margin.

There are no other districts in Notodden with activity within the footwear store industry.

Bankruptcies and operating status:

• Eurosko Tuvensenteret: No bankruptcies.
• Bjørg Margrethe Høyset Skotøyforretning: No bankruptcies.

Operating status: Both companies are in operation. Eurosko Tuvensenteret has high revenue and operating profit, while Bjørg Margrethe Høyset Skotøyforretning has no revenue or employees.

Conclusion: The industry has not registered any bankruptcies, and the two companies are in operation. However, there is a significant difference in operating profit and revenue between the two companies.

Outlook for Founders

For founders considering starting a footwear store in Notodden, the data show that the industry has high operating margins and stable revenues for established players. This can be an advantage for new companies seeking to establish themselves in a competitive market. At the same time, the data show that there is a slight decline in the number of employees over time, which may indicate a certain level of uncertainty in the industry. Founders should therefore be aware of establishing themselves in a stable market and ensuring a good operational strategy to compete with established players.

Overall industry: Creative, arts, and entertainment activities have 29 companies in Notodden, while footwear stores have 2 companies. This shows that the overall industry has a larger market share than footwear stores.

Sales and employee development:

• Sales: Over the past few years, sales figures for the overall industry have shown variations. NOK 57.8 million was recorded in 2016, and the highest sales reached NOK 61.9 million in 2018. After that, there was a decline, but there is a slight improvement in 2024 with NOK 45.6 million.

• Employees: The number of employees has shown a decline over time, from 77 employees in 2016 to 36 employees in 2023, but there is a slight increase to 47 employees in 2026.

Conclusion: The overall industry has a larger market share than footwear stores, but footwear stores have higher operating margins. Founders should therefore consider establishing themselves in a market with high operational efficiency and growth potential.

Footwear stores in Notodden are an industry with high operating margins and stable revenues for established players. However, there is a slight decline in the number of employees over time, which may indicate a certain level of uncertainty in the industry. Founders should therefore be aware of establishing themselves in a stable market and ensuring a good operational strategy to compete with established players. SmartGrunder can help founders find suitable addresses in Notodden for footwear stores and provide advice on how to establish themselves in a competitive market.