Industry · municipality
Footwear Store in Sogndal: Industry Analysis and Outlook
A detailed assessment of companies, economics, and market development in Sogndal for entrepreneurs and local decision-makers in the footwear store industry.
Executive Summary
The footwear store industry in Sogndal is a small but dynamic sector with two registered companies. The only operating company, Euro Sko Sogningen, has shown stable economics with high margins, while Sogndal Lær Og Skotøyforretning Ans is inactive. The industry has experienced variations in sales and number of employees over time, with a significant increase in 2025. SmartGrunder can help entrepreneurs find suitable locations in Sogndal for this industry.
Economic Overview
The footwear store industry in Sogndal has shown a complex development over the past years. Sales figures have varied significantly, with a decline of 16.9% from 2016 to 2017, but an increase of 25.4% in 2025. The number of employees has been more stable, with an average value of about 9 employees per year. Euro Sko Sogningen has a high operating margin of 3% and an EBITDA margin of 5%, which shows a good financial position. There is, however, no data on operating profit or debt for the other company, Sogndal Lær Og Skotøyforretning Ans.
Companies in the Industry
There are two companies registered in the footwear store industry in Sogndal:
- Euro Sko Sogningen (Hovevegen 6, Sogndal)
- Organizational form: AS
- Founded: 1987-11-12
- Number of employees: 10
- Sales: NOK 13.3M
- EBITDA: NOK 734.2K
- Operating margin: 3%
- Sogndal Lær Og Skotøyforretning Ans (Gildevangen 17, Sogndal)
- Organizational form: ANS
- Founded: 1993-12-04
- Number of employees: 0
- Sales: NOK 0
- EBITDA: NOK 0
Branch_org_form_statistics show that there is one AS in the industry, which is Euro Sko Sogningen. This organizational form is typical for larger, more stable companies.
Business Geography
Footwear store activity in Sogndal is concentrated in one city district:
- Sogndal: 1 company, 10 employees, sales of NOK 13.3M
The only operating company, Euro Sko Sogningen, is located at Hovevegen 6. This is a central address in the municipality, which suggests that it is a strategic location to reach customers.
Business Dynamism
The industry has been relatively stable regarding bankruptcy. There are no registered bankruptcies for footwear store companies in Sogndal. However, the number of employees has varied significantly over time, with a decline from 28 employees in 2016 to 8 employees in 2020, and an increase to 11 employees in 2025. This may indicate fluctuations in the market or changes in operational strategy among the individual companies.
Outlook
Outlook for Entrepreneurs
The footwear store industry in Sogndal shows potential for growth, especially after the strong increase in sales of 25.4% in 2025. Euro Sko Sogningen's good financial results (EBITDA margin of 5% and operating margin of 3%) show that it is possible to run a profitable business in the municipality. However, the market is competitive, and there is only one active company in the industry. Entrepreneurs should consider establishing themselves in central locations such as Hovevegen 6 to maximize exposure.
Outlook for Overarching Industry
The overarching industry creative, arts, and entertainment activities in Sogndal has 22 companies, which shows that this is a more developed sector compared to the footwear store industry. Sales figures for this industry have been more stable, with a decline of 37.6% in 2025, while the footwear store industry had an increase of 25.4%. Peer companies in this overarching industry include clothing stores such as Cubus Thon Sogningen and H&M, as well as second-hand stores such as Poden Sogndal As. These companies can represent both competitors and potential partners for new footwear store companies.
Other companies in kreative, kunst og underholdningsaktiviteter (not in footwear store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Cubus Thon Senter Sogningen Avd 929 | clothing store | Sogningen 6-10|Sogningen Storsenter, 6856 Sogndal | NOK 17.7M | 7 | NOK 1.6M |
| Nessane Industribygg As | clothing store | NESSANE, 6899 Balestrand | NOK 606.0K | 10 | NOK 1.5M |
| H & M Hennes & Mauritz As Avd 858 Sogningen | clothing store | Hovevegen 6, 6856 Sogndal | NOK 23.9M | 20 | NOK 1.1M |
| Dressmann Thon Senter Sogningen Avd 177 | clothing store | K-Senteret, 6856 Sogndal | NOK 5.1M | 0 | NOK 823.3K |
| Sogn Mote As | clothing store | Hovevegen 10, 6856 Sogndal | NOK 11.0M | 9 | NOK 479.0K |
| Kidsplanet As | clothing store | Amfi Sogningen|Hovevegen 9, 6856 Sogndal | NOK 6.6M | 9 | NOK 233.0K |
| Carlings Thon Senter Sogningen Avd N51 | clothing store | 0, 6852 Sogndal | NOK 2.9M | 0 | NOK 173.7K |
| Arbeidskle As | clothing store | Bordvegen 3A, 6854 Kaupanger | NOK 0 | 0 | NOK 0 |
| Balestrand Antikk Wolfram Esch | second-hand goods store | Torsnes 15B, 6899 Balestrand | NOK 0 | 0 | NOK 0 |
| Bankens Nettbutikker | knit store | Sværen 9, 6899 Balestrand | NOK 0 | 0 | NOK 0 |
| Kjell Arve Straumsvågs Antikvariat | second-hand goods store | Fjærlandsfjorden 269, 6848 | NOK 0 | 2 | NOK 0 |
| Poden Sogndal As | second-hand goods store | Hovevegen 6, 6856 Sogndal | NOK 0 | 9 | NOK 0 |
| Sy Og Strikkebui As | knit store | Hovevegen 6, 6856 Sogndal | NOK 0 | 7 | NOK 0 |
| Sy Og Strikkebui Oddveig Alpen | knit store | Fjørevegen 19, 6856 Sogndal | NOK 0 | 4 | NOK 0 |
| Rekop As | clothing store | Holmen 7, 6899 Balestrand | NOK 2.1M | 0 | NOK -20.0K |
| Den Norske Bokbyen As | second-hand goods store | Fjærlandsfjorden 308, 6848 | NOK 591.0K | 1 | NOK -51.0K |
| Phrase As | clothing store | Dalavegen 1421, 6857 Sogndal | NOK 31.0K | 1 | NOK -57.0K |
| Mango Design As | clothing store | Kaupangsvegen 35, 6854 Kaupanger | NOK 0 | 0 | NOK -90.0K |
| Hofslundsengen Invest As | clothing store | Øvre Stedjeveg 25, 6856 Sogndal | NOK 0 | 0 | NOK -137.0K |
| Bik Bok Thon Senter Sogningen Avd J24 | clothing store | 0, 6852 Sogndal | NOK 5.6M | 0 | NOK -298.5K |
Conclusion
The footwear store industry in Sogndal is small, but shows potential for growth, especially with Euro Sko Sogningen's stable economics. The only operating company has a good position in the market, but there is a need for more actors to create a more competitive sector. Entrepreneurs should consider establishing themselves in central locations and utilizing potential collaboration opportunities with other companies in the overarching industry. SmartGrunder can help find suitable locations and analyze market outlooks for new companies in this industry.