Footwear Store in Trondheim: Analysis of Companies, Statistics, and Outlooks

Footwear store in Trondheim is a stable but dynamic industry with 36 registered companies in the municipality. The main activities are located in Trondheim, with fewer operations in Tiller and Heimdal. Large companies such as Falkanger Sko and Kværnø Sko dominate the market, with multiple branches in the city. The industry has experienced both growth and decline in recent years, with a peak in 2018 and a significant drop in 2025. This shows that the market is sensitive to external factors, but also that there are opportunities for new players who can adapt to changes.

Sales and employees:

The industry experienced significant growth in 2018, but a decline of over 29% in 2025. The number of employees has shown a decline over time, with a short increase in 2024. The EBITDA margin is at 4%, while gross margins are high at 757%, indicating that companies have good control over costs.

Average figures per employee:

• Sales per employee: approximately 1.7M NOK
• EBITDA per employee: approximately 55.6K NOK

Key companies in the industry

The most well-known companies in Trondheim are Falkanger Sko, which has multiple branches in the city, and Kværnø Sko. These companies have high sales and employee numbers, but also show variations in financial results. For example, Falkanger Sko Avd Trondheim Torg had an EBITDA of 1.2M NOK, while Kværnø Sko had a lower EBITDA of 326K NOK.

Organizational forms:

• AS (Limited Company): 24 companies, 198 employees
• NUF (Business Association): 1 company, 9 employees

Most companies are organized as AS, indicating that they are large, established businesses. The NUF form is less common, but also exists in the industry.

Trondheim is the most important area for the industry, with the most companies, employees, and sales. Tiller and Heimdal have less activity, but also show positive figures. The EBITDA margin in Trondheim is higher than in Tiller, indicating better cost control in the capital.

The industry has been stable with no registered bankruptcies in recent years. However, some companies show negative EBITDA, such as Morris Trondheim Torg and Bag Leangen, which may indicate economic challenges. This can be a warning for new players that it is important to have good cost control and market strategy.

Examples of companies with negative EBITDA:

• Morris Trondheim Torg: EBITDA -73.4K NOK
• Bag Leangen: EBITDA -18.0K NOK
• Kværnø Sko As Avd Olav Tryggvasons Gate 17: EBITDA -157.5K NOK

The industry has shown both growth and decline in recent years, which may indicate that the market is sensitive to external factors such as economic crises or changes in consumer preferences. This means that new players must be flexible and adapt to changes. However, there is a stable supply of employees and established companies that can provide opportunities for collaboration or partnership relationships.

Recommendations for entrepreneurs:

• Focus on cost control and differentiation of offerings
• Develop strategies to adapt to market changes
• Develop collaborations with established companies to utilize existing infrastructure

Creative, arts, and entertainment activities have 393 companies in Trondheim, showing that the industry is much larger than just footwear. The broader industry had higher sales in 2024 (2799.8M NOK) compared to footwear (327.7M NOK). The EBITDA margin for the broader industry is also higher (4%) compared to footwear (4%), indicating that there may be better growth opportunities in the broader industry.

Peer companies in the broader industry:

• Get Inspired As Avd Trondheim: Sales 797.3M NOK, EBITDA 68.9M NOK
• H & M Hennes & Mauritz As Avd 726 Torvet Trondheim: Sales 95.4M NOK, EBITDA 4.3M NOK
• Bogart As: Sales 35.7M NOK, EBITDA 3.6M NOK

These companies can be competitors or partners for new players in the footwear industry.

Footwear store in Trondheim is an industry with both opportunities and challenges. It has shown growth in recent years, but also declines in certain periods. This means that new players must be flexible and adapt to market changes. However, there is a stable supply of employees and established companies that can provide opportunities for collaboration. SmartGrunder can help entrepreneurs find good addresses in Trondheim for this industry, based on natural conditions and market outlooks.