Industry · municipality
Footwear Store in Vindafjord: An Analysis of Industry Activity, Outlook, and Opportunities
Economic Overview, Companies, and Development in the Municipality of Vindafjord
Executive Summary
The footwear store industry in Vindafjord has experienced a significant decline since 2018, with no activities after 2018. In 2016, the industry had 7 employees and sales of 1.9 million NOK, but this dropped to zero for both employees and sales from 2019 onward. There are no active companies in the industry today, indicating a significant decline. At the same time, the broader creative, arts, and entertainment activities sector shows a more stable development, with increasing sales and employees from 2023 onward. This could provide an interesting comparison for entrepreneurs considering starting in this sector.
Economic Overview
The footwear store industry in Vindafjord has been marked by a significant decline in both sales and number of employees. In 2016, the industry had total sales of 1.9 million NOK and 7 employees, but this dropped to zero for both sales and employees from 2019 onward. The annual change in sales shows a significant decline of -100.0% from 2017 to 2018, and the number of employees decreased by -100.0% from 2018 to 2019. This indicates a complete decline in activity in the industry after 2018.
At the same time, the broader creative, arts, and entertainment activities sector shows a more stable development, with increasing sales and employees from 2023 onward. This could provide an interesting comparison for entrepreneurs considering starting in this sector.
Companies in the Industry
There are no active companies in the footwear store industry in Vindafjord today. Historically, the industry had some companies during the period 2016–2018, but these have not been registered after 2018. There are no organizational forms (such as AS, sole proprietorships, etc.) registered in the industry today, indicating a complete decline in activity.
There are no relevant companies in the industry that can be mentioned today, indicating a significant decline in activity in the industry.
Business Geography
There is no detailed data on the distribution of footwear store activities between neighborhoods or locations in Vindafjord. Historically, the industry had activity throughout the municipality, but there is no information about specific neighborhoods or locations with higher activity. This may indicate that the industry had a more general presence in the municipality before 2019, without specific focus areas.
Business Dynamics
The footwear store industry in Vindafjord has been marked by a significant decline in activity, with no companies registered after 2018. There is no information about bankruptcies or bankruptcy participants in the industry, indicating that the decline has been gradual and not linked to bankruptcy. This may suggest that companies in the industry have shut down or moved out of the municipality.
There are no relevant bankruptcy participants in the industry today, indicating a significant decline in activity in the industry.
Outlook
The footwear store industry in Vindafjord shows a significant decline in activity, with no companies registered after 2018. This may make it challenging to start a new business in this industry in the municipality, unless there is a specific market need or a unique business model that can generate interest. Entrepreneurs should consider investigating local market needs and competitive conditions before taking action.
There are no relevant companies in the industry today, indicating a significant decline in activity in the industry.
Outlook for the Broader Sector
The broader creative, arts, and entertainment activities sector in Vindafjord shows a more stable development compared to the footwear store industry. Sales in the sector have increased from 6.6 million NOK in 2016 to 7.6 million NOK in 2025, with an annual increase of +11.9% from 2024 to 2025. The number of employees has also increased from 16 in 2016 to 13 in 2026, with a rise of +62.5% from 2025 to 2026.
Peer companies in the sector include:
| Name | Address | Sales | Employees | EBITDA | |
|---|---|---|---|---|---|
| Hans & Grete Ølen As | 0, 5580 Ølen | NOK 5.3M | 7 | NOK 830K | |
| Myhre's Klær As | Dreganesvegen 34, 5580 Ølen | NOK 2.3M | 1 | NOK 615K | |
| Brukthjørna As | Dreganesvegen 34, 5580 Ølen | NOK 0 | 4 | NOK 0 | |
| Lille Du Pedersen | Vikevegen 138, 5574 Skjold | NOK 0 | 0 | NOK 0 | |
| Sawsmile Siczewski | c/o Dymitr Siczewski TESS Vest avd | Bjoavegen 8B, 5582 Ølensvåg | NOK 0 | 0 | NOK 0 |
| Ølen Brukthandel Sa | Sjoargata 59, 5580 Ølen | NOK 0 | 0 | NOK 0 |
This shows that the broader sector has a more stable development, with more active companies and increasing sales and employees. This could provide an interesting comparison for entrepreneurs considering starting in this sector.
Other companies in kreative, kunst og underholdningsaktiviteter (not in footwear store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Hans & Grete Ølen As | clothing store | 0, 5580 Ølen | NOK 5.3M | 7 | NOK 830.0K |
| Myhre's Klær As | clothing store | Dreganesvegen 34, 5580 Ølen | NOK 2.3M | 1 | NOK 615.0K |
| Brukthjørna As | second-hand goods store | Dreganesvegen 34, 5580 Ølen | NOK 0 | 4 | NOK 0 |
| Lille Du Pedersen | clothing store | Vikevegen 138, 5574 Skjold | NOK 0 | 0 | NOK 0 |
| Sawsmile Siczewski | clothing store | c/o Dymitr Siczewski TESS Vest avd|Bjoavegen 8B, 5582 Ølensvåg | NOK 0 | 0 | NOK 0 |
| Ølen Brukthandel Sa | second-hand goods store | Sjoargata 59, 5580 Ølen | NOK 0 | 0 | NOK 0 |
Conclusion
The footwear store industry in Vindafjord has been in significant decline since 2018, with no activities after 2018. This makes it challenging to start a new business in this industry in the municipality, unless there is a specific market need or a unique business model that can generate interest. At the same time, the broader creative, arts, and entertainment activities sector shows a more stable development, with increasing sales and employees from 2023 onward. This could provide an interesting comparison for entrepreneurs considering starting in this sector.
SmartGrunder can help entrepreneurs explore potential addresses and market conditions in Vindafjord for this industry. We can provide advice on local conditions and potential development opportunities for new companies in the municipality.