Footwear Store in Voss – An Analytical Overview

Industry Overview

Footwear store in Voss is a small but active sector with four registered companies. The industry has been marked by a gradual decline in the number of employees and sales revenue over the past few years, but shows signs of stabilization in 2024. There are no bankrupt companies in the industry, which suggests a relatively stable industry structure. Prospects for new entrants depend on both market development and competition from nearby sectors within creative and entertainment activities.

• Sales: Total sales for footwear store in Voss have varied between NOK 9.2M and NOK 14.3M over the past few years, with a decline of 6.6% from 2024 to 2025. However, there was an increase of 15.1% from 2022 to 2023.
• Employees: The number of employees has fallen from 27 in 2016 to 12 in 2026, a decline of 55.6%. This trend has been consistent throughout the period, with an average annual decline of 5.9%.
• EBITDA margin: The industry has a high EBITDA margin of 6% (2024), which indicates good cost control relative to revenue.

Four companies are registered in footwear store in Voss:

Legal Form: 75% of the companies are AS, while 25% are ENK. AS companies have a higher average EBITDA margin (6%) compared to ENK (0%).

All four companies in the industry are located in Voss. There is no activity registered in sub-areas or neighboring municipalities. The only registered company in Voss is Voss-center, with four companies and 12 employees in total.

• Bankruptcies: No companies in the industry are registered as bankrupt during the period 2016–2026.
• Growth and decline: Sales and the number of employees have been declining over the past few years, with a stronger decline in 2020–2021 (due to the pandemic) and a gradual stabilization from 2022. The EBITDA margin has remained stable at 5–6%.
• Outlook: This trend suggests that the industry is in a phase of gradual adaptation, but with a small market share and few players.

Footwear store in Voss has a small market share and a gradual decline in the number of employees and sales. This can be seen as a challenge for new entrants, but there are also opportunities in the form of a relatively stable competitive landscape. The industry has not been affected by bankruptcies, which suggests a good operational structure. New entrants should consider focusing on differentiation and quality to compete with existing companies.

Creative, arts, and entertainment activities in Voss have 28 companies, compared to four in footwear store. This shows that the industry is a small part of a larger sector. Comparison of trends:

• Sales: The broader sector had NOK 81.6M in 2025, while footwear store had NOK 12.0M. This shows that the creative sector has a much larger market share.
• Employees: The broader sector had 89 employees in 2026, while footwear store had 12 employees. This indicates that the creative sector has a larger workforce.

Peer companies in the broader sector (top 5 by EBITDA):

1. Dressmann Thon Senter Voss Avd 180 (clothing store) – NOK 1.6M EBITDA
2. Skyvoss As (clothing store) – NOK 806.0K EBITDA
3. Voss Alpin Appartement As (clothing store) – NOK 569.0K EBITDA
4. Garn Senter As (knitting store) – NOK 247.0K EBITDA
5. Fjong Voss As (clothing store) – NOK 157.0K EBITDA

Footwear store in Voss is a small but stable industry with four companies and 12 employees. The industry has been marked by a decline in sales and the number of employees, but shows signs of stabilization. Prospects for new entrants depend on competition from nearby sectors within creative and entertainment activities. SmartGrunder can help entrepreneurs find suitable locations and evaluate competitive solutions in Voss.