Industry · municipality
Footwear Store in Ringerike: An Analysis of Companies, Statistics, and Outlooks
A Detailed Overview of the Industry in Ringerike Municipality for Entrepreneurs and Local Decision-Makers
Brief Overview of the Footwear Store Industry in Ringerike
Industry Overview
The footwear store industry in Ringerike is a small but active sector with 6 registered companies. Most of the companies are AS entities and operate in Hønefoss, which is the main hub for this industry in the municipality. In recent years, the industry has been marked by a decline in both sales and number of employees, with a significant reduction in 2025. This indicates a highly dynamic and unpredictable industry, with both opportunities and challenges for new players.
Economic Trends for the Footwear Store Industry
Economic Trends
Sales and Employees in the Industry (2016–2026):
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 42.5M | 53 |
| 2017 | 44.0M | 48 |
| 2018 | 40.7M | 42 |
| 2019 | 40.5M | 43 |
| 2020 | 34.5M | 41 |
| 2021 | 35.5M | 35 |
| 2022 | 41.6M | 41 |
| 2023 | 40.2M | 40 |
| 2024 | 37.2M | 36 |
| 2025 | 27.9M | 25 |
| 2026 | — | 24 |
Sales have been unstable, with a sharp decline of 25% from 2024 to 2025. The number of employees has also been on a downward trend, with a total reduction of 55% from 2016 to 2026. This shows a highly dynamic industry with large variations from year to year.
Companies in the Footwear Store Industry in Ringerike
Companies in the Industry
The following companies are registered in the footwear store industry in Ringerike:
- Sko Deg Hønefoss As – Søndre torv 1, Hønefoss (12 employees)
- Eurosko Kuben – Kong Rings gate 1, Hønefoss (8 employees)
- Morris Accessories Hønefoss Avd 6211 – Kong Rings gate 1, Hønefoss (6 employees)
- Shoeday Hønefoss – Hønefosssenteret, Hønefoss (4 employees)
- Zelvian As – Hvalsveien 159, Hønefoss (0 employees, founded in 2026)
- Zelvian As – Hvalsveien 159, Hønefoss (0 employees, founded in 2026)
All companies are AS entities, and there are no registered bankruptcies in the industry. However, some companies show negative EBITDA values, indicating economic challenges for certain players.
Business Geography for the Footwear Store Industry
Business Geography
Hønefoss is the main hub for the footwear store industry in Ringerike, with 4 companies and a total of 30 employees. Key data for Hønefoss:
- Operating Income: NOK 29.1M
- Sales: NOK 29.0M
- Wages: NOK 7.1M
- Operating Profit: NOK 1.4M
- EBITDA: NOK 1.6M
- Gross Profit: NOK 1,158.6M
- Total Equity: NOK 2.7M
- Total Debt: NOK 15.3M
- Sales Growth: -8%
- EBITDA Margin: 5%
- Gross Profit Margin: 3,991%
- Operating Margin: 4%
Hønefoss is therefore the most central location for this industry in the municipality, with a combination of high gross profit and low operating margin.
Business Dynamics and Stability
Business Dynamics
Bankruptcy Statistics and Company Stability:
There are no registered bankruptcies in the footwear store industry in Ringerike. However, some companies show negative EBITDA values, indicating economic challenges for certain players. For example:
- Morris Accessories Hønefoss Avd 6211 has a negative EBITDA of NOK -50.1K and an operating profit of NOK -90.4K.
- Zelvian As has no sales or employees, indicating a new start or a company structure without activity.
This shows that the industry has both stable and unstable players, with a certain level of risk for new entrants.
Outlook for Entrepreneurs in the Footwear Store Industry
Outlook for Entrepreneurs
The footwear store industry in Ringerike shows a highly dynamic development with both rising and falling trends. In recent years, the industry has been marked by a sharp decline in sales and number of employees, which can be a challenge for new players. However, Hønefoss is the main hub for the industry, with good infrastructure and a certain level of business activity.
For entrepreneurs, it can be a challenge to compete with existing companies, especially considering the negative EBITDA values of certain players. However, there may also be opportunities to fill gaps in the market, especially if there is a need for new offerings or innovation in the product portfolio.
SmartGrunder can help entrepreneurs find suitable addresses in Ringerike for this industry, based on natural business outlooks and local trends.
Outlook for Creative, Art, and Entertainment Activities
Contrast between Creative, Art, and Entertainment Activities and the Footwear Store Industry:
- Number of Companies: Creative, art, and entertainment activities have 81 companies, while the footwear store industry has 6 companies.
- Sales: Creative, art, and entertainment activities had total sales of NOK 266.6M in 2016, while the footwear store industry had NOK 42.5M in the same year.
- Number of Employees: Creative, art, and entertainment activities had 326 employees in 2016, while the footwear store industry had 53 employees.
Peer Companies in Creative, Art, and Entertainment Activities:
| Name | Address | Sales (NOK) | Employees | EBITDA (NOK) |
|---|---|---|---|---|
| Per J Gundersen As | Søndre torv 1, 3510 Hønefoss | 23.3M | 13 | 3.2M |
| Bård As | Kong Rings gate 1, 3510 Hønefoss | 20.4M | 16 | 2.4M |
| Kappahl As Avd 340 Hønefoss | Kong Rings gate 1, 3510 Hønefoss | 18.5M | 14 | 2.1M |
This shows that creative, art, and entertainment activities are a much larger and more diversified industry than the footwear store industry, with higher sales and more employees. This can be an important factor for entrepreneurs considering starting in Ringerike.
Other companies in kreative, kunst og underholdningsaktiviteter (not in footwear store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Per J Gundersen As | clothing store | Søndre torv 1, 3510 Hønefoss | NOK 23.3M | 13 | NOK 3.2M |
| Bård As | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 20.4M | 16 | NOK 2.4M |
| Kappahl As Avd 340 Hønefoss | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 18.5M | 14 | NOK 2.1M |
| Dressmann As Avd 214 Hønefoss Senter | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 11.9M | 7 | NOK 1.9M |
| Cubus Honefoss Avd 866 | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 17.7M | 12 | NOK 1.6M |
| H & M Hennes & Mauritz As Avd 838 Kuben Hønefoss | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 33.4M | 22 | NOK 1.5M |
| Match Kuben Avd 247 | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 6.6M | 7 | NOK 1.5M |
| Hos Tove As | clothing store | Haugs gate 10, 3513 Hønefoss | NOK 7.2M | 4 | NOK 1.0M |
| Carlings Hønefoss Avd 53d | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 10.4M | 7 | NOK 625.5K |
| Lindex As Avd Hønefoss | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 14.6M | 12 | NOK 539.0K |
| Vero Moda Hønefoss 1519 | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 6.5M | 6 | NOK 480.1K |
| Jack & Jones Hønefoss 89562 | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 3.6M | 5 | NOK 261.9K |
| Sparehuset Hønefoss As | clothing store | Plassveien 1, 3515 Hønefoss | NOK 5.5M | 5 | NOK 249.0K |
| Best Kids As | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 7.1M | 12 | NOK 117.0K |
| La Belle | clothing store | Stangs gate 7, 3510 Hønefoss | NOK 3.0M | 2 | NOK 102.0K |
| Sy Og Strikkebutikken As | knit store | Søndre torv 2, 3510 Hønefoss | NOK 4.4M | 4 | NOK 66.0K |
| Bruktberget As | second-hand goods store | Lostajet 37, 3514 Hønefoss | NOK 645.0K | 2 | NOK 32.0K |
| 4poter Og Agata Flak | clothing store | Hensmoveien 68, 3516 Hønefoss | NOK 0 | 0 | NOK 0 |
| Artman, Bjørn Olsen | second-hand goods store | Idrettsveien 2, 3525 Hallingby | NOK 0 | 0 | NOK 0 |
| Auso Afghan Underprivileged Support Organisation | second-hand goods store | c/o Veronica Pettersen,|Kragstadveien 33, 3513 Hønefoss | NOK 0 | 0 | NOK 0 |
| B M Corner Ans | clothing store | Nordre torv 6, 3513 Hønefoss | NOK 0 | 0 | NOK 0 |
| B.young Hønefoss | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 0 | 8 | NOK 0 |
| Backe Retail As Avd Vila Hønefoss | clothing store | Kong Rings gate 1, 3510 Hønefoss | NOK 0 | 0 | NOK 0 |
| Bekkelund Invest | clothing store | Jens Lange Lyches vei 3, 3517 Hønefoss | NOK 0 | 0 | NOK 0 |
| Bockmann Gravseth Enk | clothing store | Ringåsveien 22, 3512 Hønefoss | NOK 0 | 0 | NOK 0 |
| Bockmann Gravseth Enk | clothing store | Ringåsveien 22, 3512 Hønefoss | NOK 0 | 0 | NOK 0 |
| Bomann Marketing | second-hand goods store | Knestanggata 39, 3514 Hønefoss | NOK 0 | 0 | NOK 0 |
| Bruktbutikken Gjenbruk Ismaila Baye Bojang | second-hand goods store | Hønengata 69, 3515 Hønefoss | NOK 0 | 0 | NOK 0 |
| Buskerud Solfilm Ans | knit store | Sagatunveien 30, 3517 Hønefoss | NOK 0 | 0 | NOK 0 |
| Capitaniofsweden As | clothing store | Tolpinrudveien 6, 3510 Hønefoss | NOK 0 | 0 | NOK 0 |
| Carghi As Avd Hønefoss | clothing store | Fossveien 1, 3510 Hønefoss | NOK 0 | 10 | NOK 0 |
| Du Og Jeg Madicken As | clothing store | Dronning Ragnhilds vei 6, 3515 Hønefoss | NOK 0 | 0 | NOK 0 |
| Eksonor As | knit store | Ekornrudveien 13, 3519 Hønefoss | NOK 0 | 0 | NOK 0 |
| Golfmer As | clothing store | Hensmoveien 10X, 3516 Hønefoss | NOK 0 | 0 | NOK 0 |
| Grei Handel Brukt/antikk Geir Andre Lien | second-hand goods store | Hadelandsveien 20, 3511 Hønefoss | NOK 0 | 0 | NOK 0 |
| Hamp As | clothing store | Norderhovsgata 14, 3510 Hønefoss | NOK 0 | 0 | NOK 0 |
| Hamp As Tvangsavviklingsbo | clothing store | Norderhovsgata 14, 3510 Hønefoss | NOK 0 | 0 | NOK 0 |
| Hannabeesupply Voje | knit store | Kongeveien 11, 3514 Hønefoss | NOK 0 | 0 | NOK 0 |
| Hauens Lille Bruktbutikk V/anneli Groseth | second-hand goods store | c/o Anneli Groseth|Somdalsgata 11, 3525 Hallingby | NOK 0 | 0 | NOK 0 |
| Hvalsmoen Bruktbutikk/ Second Hand Hønefoss V/ Laila Nielsen | second-hand goods store | Hvalsveien 149, 3514 Hønefoss | NOK 0 | 0 | NOK 0 |
Conclusion
The footwear store industry in Ringerike is a small but active sector with both opportunities and challenges. In recent years, the industry has been marked by a sharp decline in sales and number of employees, which can be a challenge for new players. However, Hønefoss is the main hub for the industry, with good infrastructure and a certain level of business activity.
For entrepreneurs, it can be a challenge to compete with existing companies, especially considering the negative EBITDA values of certain players. However, there may also be opportunities to fill gaps in the market, especially if there is a need for new offerings or innovation in the product portfolio.
SmartGrunder can help entrepreneurs find suitable addresses in Ringerike for this industry, based on natural business outlooks and local trends.