Footwear Store Industry in Orkland: Current Status and Outlook

Industry Overview

In Orkland, there are four companies within the footwear and clothing store industry, employing a total of 19 people. Most companies are registered in Orkanger, while one company is located in Fannrem. The industry has shown variations in sales and employees over time, with a peak in 2022 and a decline in 2023 and 2024. Although there have been no bankruptcies in the industry, data indicates that some companies have been inactive regarding sales and operating results. This suggests that the industry has both stability and challenges, particularly in Fannrem.

Sales and employee development (2016–2025):

Sales experienced a significant decline in 2020 (15.6%) before an increase in 2022 (19.7%). Employee numbers have been more stable, with a slight increase in 2026 (25.0%). This shows that the industry has been affected by external factors, but has shown gradual adaptation over time.

The following companies are present in the footwear and clothing store industry in Orkland:

1. Shoeday Amfi Orkanger – 7 employees, operating income 4.5M NOK, EBITDA 251.5K NOK.
2. B Røthe As Avd Skoringen Orkanger – 6 employees, but no operating result.
3. Eurosko Orkanger – 6 employees, no operating result.
4. H Sport Fannrem As – 4 employees, no operating result.

All companies are registered as AS (limited liability company), which indicates a standardized organizational structure in the industry. Shoeday Amfi Orkanger is the only company with a positive operating result and EBITDA.

Orkanger is the main hub for the industry, with 3 companies and 19 employees. Here, sales amount to 4.5M NOK and operating income is 4.5M NOK. Fannrem has one company with 4 employees, but no sales or operating result. This shows that Orkanger is the most important center for the industry, while Fannrem has a smaller role.

Bankruptcy statistics: There are no bankruptcies in the industry in Orkland during the analysis period. This is a positive indicator for the industry's stability. However, data shows that two of the companies (B Røthe, Eurosko, H Sport) have no sales or operating result, which may indicate challenges in the business model or market position. Shoeday Amfi Orkanger is the only company with a positive operating result and EBITDA, which shows better financial health.

Outlook for Entrepreneurs

For entrepreneurs in the footwear and clothing store industry in Orkland, there are both opportunities and challenges. Orkanger is the main hub, with an existing infrastructure and a company (Shoeday Amfi) showing a positive operating result. This can be an indicator that there is a market for quality products. However, it is important to be aware of the companies that have been inactive in terms of sales and operating results, which may indicate competitiveness challenges. A strong market position and innovation can be key factors for future success.

Creative, arts, and entertainment activities industry in Orkland has 27 companies, compared to 4 in the footwear and clothing store industry. Sales in the broader industry decreased by 23.5% from 2016 to 2017, but increased by 14.1% from 2022 to 2023. This shows that the broader industry has a more variable development. The footwear and clothing store industry has a better EBITDA margin (5%) compared to the broader industry (generally lower). Peer companies such as H&M and Dressmann have higher sales and EBITDA, which can provide inspiration for entrepreneurs in the footwear and clothing store industry.

Footwear and clothing store industry in Orkland has a stable approach, with Orkanger as the main hub. Although there are challenges in the form of inactive companies and variable sales, there are opportunities for entrepreneurs who want to establish themselves in an existing market structure. SmartGrunder can help entrepreneurs find optimal addresses in Orkland for this industry, based on natural business outlooks and existing infrastructure.