Industry · municipality
Footwear Store in Time
Analysis of the industry, companies, and development trends in Time municipality (Rogaland) for entrepreneurs and local decision-makers
Executive Summary
Overview of the Industry
The footwear store industry in Time municipality is a small, dispersed sector with a single registered company. The only active company, Euro Sko M44 Bryne, is an AS with 10 employees and has been in operation since 1996. Although the industry has been present in the municipality for several decades, data shows a clear decline in both sales and number of employees in recent years. This underscores the need for a thorough analysis of the industry's development and future opportunities.
Key Figures
- Number of companies: 1
- Number of employees: 10 (2026)
- Sales: NOK 10.7 million (2023), with a 28% decline from 2022
- Yearly development: Sales and employees have shown variations, but a clear decline since 2019
- Bankruptcies: No registered bankruptcies in the industry in Time
Economic Overview
Sales and Employee Development
The footwear store industry in Time has experienced uneven development in recent years. Sales figures show a 28% decline from 2022 to 2023, from NOK 14.9 million to NOK 10.7 million. This is one of the most significant declines in the period. The number of employees has also shown a decline, from 16 in 2022 to 9 in 2026, although there have been small ups and downs in between.
Yearly Comparison
- 2016–2017: Sales down 8.2%, employees down 17.4%
- 2019–2020: Sales down 29.2%, employees down 22.2%
- 2021–2022: Sales up 1.7%, employees up 6.7%
- 2022–2023: Sales down 28.0%, employees down 33.3%
This shows that the industry has been affected by variations in the economic cycle, with a clear decline in 2020 and 2023.
Companies in the Industry
Active Companies
There is one registered company in the footwear store industry in Time: Euro Sko M44 Bryne, with the following details:
- Location: Jupitervegen 2, Bryne
- Organisation form: AS
- Establishment year: 1996-03-14
- Number of employees: 10
- Bankruptcies: No bankruptcies
- Postal code: 4340
- Municipality: Time
- County: Rogaland
- Industry: Footwear store
The company has been in operation for over 25 years, but data shows that both sales and number of employees have been on a decline in recent years.
Business Geography
Geographic Distribution
Footwear store activity in Time municipality is concentrated in Bryne. Here, one company, Euro Sko M44 Bryne, with 10 employees, is located. There are no registered companies in other districts or areas in the municipality. This shows that the industry has a very limited geographic presence, with Bryne as the only active area.
Business Dynamics
Dynamics and Bankruptcies
The footwear store industry in Time has been relatively stable in terms of bankruptcies, with no registered bankruptcies during the period. This is a positive aspect, but there has still been a clear decline in both sales and number of employees in recent years. This may indicate that the industry has been affected by external factors such as economic cycles, bankruptcies in competing sectors, or changes in customer behavior.
Development Trends
- Sales: 28% decline from 2022 to 2023
- Employees: 33.3% decline from 2022 to 2026
- Bankruptcies: No registered bankruptcies in the industry
Outlook
Development for Entrepreneurs
For entrepreneurs considering starting a business in the footwear store industry in Time, there are several factors to consider. The industry has been present in the municipality for over 25 years, but data shows a clear decline in both sales and number of employees in recent years. This may indicate that the market has matured, or that competition has increased.
Opportunities and Challenges
- Opportunities: Stable market with a single actor, opportunity to fill a gap in the municipality
- Challenges: Decline in sales and employees, potential bankruptcy risk in nearby sectors
- Recommendation: Entrepreneurs should consider thoroughly analyzing competitors and market needs before deciding to start a business in this industry
Outlook for the Broader Sector
Comparison with Broader Sector
The footwear store industry in Time is a small part of the broader creative, arts, and entertainment activities sector in the municipality. This sector has 45 companies, compared to one in the footwear store industry. Sales figures for the broader sector have been more stable, with a 36.7% decline from 2024 to 2025, while the footwear store industry has experienced a stronger decline of 28% from 2022 to 2023.
Peer Analysis
Current peer companies in the broader sector include:
| Name | Address | Sales | EBITDA | Number of Employees |
|---|---|---|---|---|
| As Eikhi | Arne Garborgs veg 16, 4340 Bryne | NOK 24.0M | NOK 7.4M | 11 |
| Match Bryne Avd 260 | Jupitervegen 2, 4340 Bryne | NOK 15.4M | NOK 3.4M | 10 |
| Dressmann As Avd 141 Bryne | Storgata 12, 4340 Bryne | NOK 10.2M | NOK 1.6M | 10 |
This analysis shows that the footwear store industry is less developed compared to other sectors in the broader creative industry.
Other companies in kreative, kunst og underholdningsaktiviteter (not in footwear store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| As Eikhi | clothing store | Arne Garborgs veg 16, 4340 Bryne | NOK 24.0M | 11 | NOK 7.4M |
| Match Bryne Avd 260 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 15.4M | 10 | NOK 3.4M |
| Dressmann As Avd 141 Bryne | clothing store | Storgata 12, 4340 Bryne | NOK 10.2M | 10 | NOK 1.6M |
| Kappahl As Avd 402 Bryne | clothing store | Reevegen|Jærsenteret, 4340 Bryne | NOK 13.4M | 6 | NOK 1.5M |
| Decades Bryne Avd 456 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 6.6M | 7 | NOK 1.5M |
| H & M Hennes & Mauritz As Avd 851 Bryne | clothing store | Jupitervegen 2, 4340 Bryne | NOK 28.6M | 18 | NOK 1.3M |
| Simone As | clothing store | Storgata 25, 4340 Bryne | NOK 12.7M | 9 | NOK 1.1M |
| Cubus Bryne Torgsenter Avd 857 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 10.1M | 7 | NOK 941.3K |
| Only Stores Norway As Avd 34 Only Bryne M 44 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 5.7M | 6 | NOK 562.8K |
| Honey Boutique As | clothing store | Storgata 18, 4340 Bryne | NOK 3.0M | 2 | NOK 553.0K |
| Lindex As Avd Bryne | clothing store | Jupitervegen 2, 4340 Bryne | NOK 11.7M | 11 | NOK 431.2K |
| Brn Best Retail Norge As Avd Bryne | clothing store | Jupitervegen 2, 4340 Bryne | NOK 7.3M | 9 | NOK 397.4K |
| Vero Moda Bryne M44 411659 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 5.3M | 5 | NOK 392.8K |
| Carlings Bryne Avd N57 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 6.4M | 5 | NOK 382.2K |
| Jack & Jones Bryne M44 307426 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 4.7M | 4 | NOK 349.1K |
| Idestova As | knit store | Storgata 40, 4340 Bryne | NOK 6.7M | 6 | NOK 58.0K |
| Azula Birkeland | clothing store | Bolignummer H0203|Markvegen 20, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Beyou As | clothing store | Jupitervegen 2, 4340 Bryne | NOK 0 | 7 | NOK 0 |
| Brudegården As | second-hand goods store | Rimestadvegen 284, 4346 Bryne | NOK 0 | 0 | NOK 0 |
| Brudegården As | second-hand goods store | Rimestadvegen 284, 4346 Bryne | NOK 0 | 0 | NOK 0 |
| Comfyperformance Sinnes | clothing store | c/o Rune Fuglestad|Lauritz Bellesens gate 25, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Fashion Queen Minarik | second-hand goods store | Storgata 15, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Hygge Bryne As | clothing store | Storgata 32, 4340 Bryne | NOK 0 | 4 | NOK 0 |
| Høst & Vår Creative As | clothing store | Kvernelandsvegen 327, 4355 Kvernaland | NOK 0 | 2 | NOK 0 |
| Innovatools Terje Cortes Kapuno Salte | knit store | Salte Tekniske As|Kvålsberget 19, 4345 Bryne | NOK 0 | 0 | NOK 0 |
| Joma Multiservice As | second-hand goods store | Kong Haralds gate 17, 4345 Bryne | NOK 0 | 0 | NOK 0 |
| Joma Multiservice As | second-hand goods store | Kong Haralds gate 17, 4345 Bryne | NOK 0 | 0 | NOK 0 |
| Jæren Vinyl As | second-hand goods store | Sveinsvollsvegen 4, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Kn Handel As | clothing store | Kalbergvegen 162, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Lærke Bryne As | clothing store | Jupitervegen 2, 4340 Bryne | NOK 0 | 5 | NOK 0 |
| Morales Crafts And Textiles | clothing store | Ommundsvegen 25, 4344 Bryne | NOK 0 | 0 | NOK 0 |
| Mybra As | clothing store | Kalvahagen 2, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Nedrebø Holding As | clothing store | Kvernelandsvegen 325, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Netstamp Bjelland | second-hand goods store | Leirfenvegen 4, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Netstamp Bjelland | second-hand goods store | Leirfenvegen 4, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Skulstad Designs | clothing store | Reeholen 39, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Skulstad Designs | clothing store | Reeholen 39, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Xander Annette Hodne | clothing store | Vestervegen 20B, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Tomine As | clothing store | Storgata 28, 4340 Bryne | NOK 3.7M | 4 | NOK -32.0K |
| Day Or Night As | clothing store | c/o Heine Korneliussen|Kvernelandsvegen 79, 4355 Kvernaland | NOK 0 | 0 | NOK -69.0K |
Conclusion
The footwear store industry in Time municipality is a small, but historically present sector with one registered company. Although the industry has been in operation for over 25 years, data shows a clear decline in both sales and number of employees in recent years. This underscores the need for a thorough analysis of market conditions and competition before potential entrepreneurship.
SmartGrunder can help entrepreneurs explore potential addresses and market conditions in Time municipality for this industry. Be aware that data shows a very small sector, and that a thorough market analysis is necessary before any potential investment.