Footwear Store Industry in Rana: Current Status and Future Outlook

Industry Overview

In Rana, there are 3 companies registered within the footwear store industry. The three companies primarily operate in Mo I Rana, which is the only location in the municipality with activity within this industry. Over the past few years, the number of employees in the industry has decreased from 26 in 2016 to 17 in 2025, indicating a gradual decline in workforce. Sales have also been variable, with a decrease of 2.2% from 2016 to 2017, but an increase of 14.2% from 2022 to 2023. This shows that the industry has been affected by both external factors such as the pandemic and internal changes in company structure and market conditions.

Sales and Employees in the Footwear Store Industry in Rana:

Sales experienced a significant decline of 19.5% from 2019 to 2020, likely due to the pandemic. Subsequently, there has been a gradual increase, with a rise of 10.3% from 2020 to 2021. The number of employees has also been on a decline, with a decrease of 5.9% from 2025 to 2026. This shows that the industry has been affected by both external and internal factors, and that there is a need to analyze what has led to this development.

In Rana, there are 3 companies registered within the footwear store industry. These companies are:

1. B Røthe As Avd Skotøy Mo I Rana – 8 employees, operates at Fridtjof Nansens gate 14 in Mo I Rana.
2. Euro Sko Mo I Rana – 5 employees, operates at Ole Tobias Olsens gate 22 in Mo I Rana.
3. Magnussen Spesialsko Mo I Rana – 1 employee, operates at Strandgata 5 in Mo I Rana.

All companies are registered as AS, and no companies are registered with other organizational forms. This shows that there is a relatively homogeneous organizational structure in the industry in Rana.

All companies within the footwear store industry in Rana operate in Mo I Rana. Here, there are 3 companies, with 14 employees and 20.1M NOK in sales. There is no activity in other parts of the municipality. This shows that Mo I Rana is the only location in the municipality with activity within this industry, and that there is a concentration of companies in this area.

Over the past few years, there has been no bankruptcy within the footwear store industry in Rana. This shows that the industry has been relatively stable, even though there has been a decline in the number of employees and sales. However, there is a gradual decline in the number of employees, from 26 in 2016 to 17 in 2025, which may indicate a gradual decline in workforce in the industry. This may be a result of variations in the market, for example, the impact of the pandemic, or changes in company structure and competition in the area.

Outlook for Entrepreneurs

For entrepreneurs considering starting a footwear store in Rana, it is important to be aware of the development over the past few years. Although there has been a gradual decline in the number of employees and sales, there are still 3 companies in the industry, and no bankruptcy. This shows that there is a relatively stable market in Rana, even though there is a decline in workforce. Entrepreneurs should also be aware that all companies operate in Mo I Rana, and that there is a concentration of companies in this area. This can be an advantage for entrepreneurs looking to establish themselves in Rana, as there is an existing market in this area.

Creative, arts, and entertainment activities are a broader industry in Rana, which includes 39 companies, compared to 3 companies in the footwear store industry. This shows that there is a significantly larger market in the broader industry. Sales in the broader industry have been on a decline, with a decrease of 6.8% from 2016 to 2017, but an increase of 18.4% from 2022 to 2023. This shows that the broader industry has been affected by both external and internal factors, and that there is a gradual increase in sales after a period of decline. This may indicate that there are potential opportunities for entrepreneurs in this industry, even though there is a decline in the footwear store industry.

The footwear store industry in Rana has been affected by both external and internal factors, with a gradual decline in the number of employees and sales. However, there are 3 companies in the industry, and no bankruptcy, which shows that there is a relatively stable market in Rana. Entrepreneurs should be aware that all companies operate in Mo I Rana, and that there is a concentration of companies in this area. This can be an advantage for entrepreneurs looking to establish themselves in Rana, as there is an existing market in this area. SmartGrunder can help entrepreneurs find suitable addresses in Rana for this industry, and provide a detailed analysis of the market and potential opportunities.