Industry · municipality
Knit Store in Modum: An Analysis of Companies, Statistics, and Outlooks
A detailed overview of the **knit store** industry in Modum, focusing on companies, economic data, and development trends.
Executive Summary
Industry Overview
In Modum, there are 5 companies registered within the knit store industry. In recent years, both sales and number of employees have shown declining trends, with an average annual reduction of 8.8% in sales and 11.1% in number of employees. Although there are no registered bankruptcies in the industry, data indicates a weakly competitive sector with a low number of employees and very low sales. Vikersund is the only location in the municipality with activity within this industry, with one company and 5 employees.
Development Trends
Sales have been declining since 2016, with a total reduction of 33.8% from 2016 to 2022. The number of employees has varied between 4 and 9, with an average annual decline of 13.6%. The only company with employees (Utstyrsboden Gina Formo) has 5 employees, while the remaining companies have 0 employees. This indicates an industry with low activity and potential challenges regarding operations and development.
Economic Overview
Sales and employee development:
| Year | Sales (NOK) | Change from previous year | Number of employees | Change from previous year |
|---|---|---|---|---|
| 2016 | 3.2M | - | 9 | - |
| 2017 | 2.9M | -8.8% | 8 | -11.1% |
| 2018 | 2.7M | -4.8% | 6 | -25.0% |
| 2019 | 2.7M | 0.0% | 6 | 0.0% |
| 2020 | 2.6M | -5.0% | 5 | -16.7% |
| 2021 | 2.4M | -8.4% | 5 | 0.0% |
| 2022 | 2.1M | -11.2% | 7 | +40.0% |
Conclusion: Sales and number of employees have shown a consistent decline over the past few years, with an exception in 2022 where the number of employees increased by 40%. This may indicate an industry affected by external factors such as economic downturns or changes in consumer behavior.
Companies in the Industry
The following companies are registered within the knit store industry in Modum:
- Utstyrsboden Gina Formo – Vikersundgata, Vikersund (ENK, 5 employees)
- Anemone Design – Heggenveien 334, Vikersund (ENK, 0 employees)
- Borrelås.no As – Øvregata 28, Vikersund (AS, 0 employees)
- Borrelås.no As – Øvregata 28, Vikersund (AS, 0 employees)
- Cehit A Berit Gravermoen – Vikersundgata 23, Vikersund (ENK, 0 employees)
Organizational forms: One ENK organization (Utstyrsboden Gina Formo) with 5 employees is registered, while the remaining companies are registered as AS or ENK without employees. This indicates an industry with small, single-person driven companies and a low level of organizational diversity.
Business Geography
Activity distributed across locations in the municipality:
| Location | Number of companies | Number of employees | Sales (NOK) |
|---|---|---|---|
| Vikersund | 5 | 5 | 0 |
Conclusion: All companies within the knit store industry are located in Vikersund, with one company (Utstyrsboden Gina Formo) having 5 employees. The remaining companies have 0 employees, indicating an industry with low activity and potential challenges regarding operations and development.
Business Dynamics
Bankruptcies and operational status:
- Bankruptcies: No bankruptcies are registered in the knit store industry in Modum.
- Operational status: Most companies have 0 employees and 0 sales, indicating a weakly competitive industry with potential challenges regarding operations and development. Utstyrsboden Gina Formo is the only company with employees and activity, but with 0 sales and 0 profit.
Conclusion: The industry shows a weakly competitive sector with a low number of employees and very low sales. No bankruptcies are registered, but there is a clear decline in the number of employees and sales over the past few years.
Outlook for Entrepreneurs
Outlook for new companies:
- Competitiveness: The industry shows a weakly competitive sector with a low number of employees and very low sales. No bankruptcies are registered, but there is a clear decline in the number of employees and sales over the past few years.
- Opportunities: Modum has a strong cultural and tourist sector, which may provide opportunities for new companies within the knit store industry. This can be an advantage for entrepreneurs looking to establish themselves in the municipality.
- Challenges: The weak sales and low number of employees in the industry can be a challenge for new companies. There is also a risk that competition from other companies in the municipality may be strong.
SmartGrunder can help entrepreneurs find suitable addresses in Modum for this industry, where it is natural to establish themselves. We can also provide advice on how to develop your company in a competitive sector.
Outlook for the Overall Industry
Overall industry (creative, arts, and entertainment activities):
- Number of companies: 26 companies in the overall industry, of which 5 are within the knit store.
- Sales: Sales have shown a decline of 33.8% from 2016 to 2022, with an average annual reduction of 8.3%.
- Number of employees: The number of employees has shown a decline of 33.8% from 2016 to 2022, with an average annual reduction of 11.6%.
Conclusion: The overall industry (creative, arts, and entertainment activities) has a larger number of companies and a more stable development compared to the knit store industry. This indicates that the knit store industry is a niche sector within the overall industry, with lower sales and number of employees.
Other companies in kreative, kunst og underholdningsaktiviteter (not in knit store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Herreavdelingen As | clothing store | Lilleåsgata, 3340 Åmot | NOK 8.0M | 5 | NOK 487.0K |
| My Profil As | clothing store | Lampeveien 14, 3340 Åmot | NOK 5.3M | 4 | NOK 19.0K |
| Monett As | clothing store | Vikersundgata 28, 3370 | NOK 3.2M | 7 | NOK 7.0K |
| Athala Al Madhi | clothing store | Bjørkebakken 8B, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Athala Al Madhi | clothing store | Bjørkebakken 8B, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Brightbizstudio Gani | clothing store | Steinspranget 15, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Brightbizstudio Gani | clothing store | Steinspranget 15, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Eurosko Vikersund | footwear store | Vikersundgata 31, 3370 | NOK 0 | 5 | NOK 0 |
| Grøstad Brukt Og Antikk | second-hand goods store | Korsbøenveien 279, 3370 Vikersund | NOK 0 | 0 | NOK 0 |
| Grøstad Brukt Og Antikk | second-hand goods store | Korsbøenveien 279, 3370 Vikersund | NOK 0 | 0 | NOK 0 |
| Kevin Horgmo Merch | clothing store | Eikerveien 85, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Kristiansen Garndigger | clothing store | c/o Monica H Kristiansen|Åsveien 215, 3370 Vikersund | NOK 0 | 0 | NOK 0 |
| Kristiansen Garndigger | clothing store | c/o Monica H Kristiansen|Åsveien 215, 3370 Vikersund | NOK 0 | 0 | NOK 0 |
| Loop Clothes Noah Fjellheim | clothing store | Dyrgravveien 13, 3360 Geithus | NOK 0 | 0 | NOK 0 |
| Loop Clothes Noah Fjellheim | clothing store | Dyrgravveien 13, 3360 Geithus | NOK 0 | 0 | NOK 0 |
| Oxana Gurina Lunstil | second-hand goods store | c/o Oxana Gurina|Røsteveien 4, 3370 Vikersund | NOK 0 | 0 | NOK 0 |
| Wilhelmines | clothing store | Vikersundgata 10, 3370 | NOK 0 | 0 | NOK 0 |
| Åmot Antikk Og Auksjon Roger Sunne Nilsen | second-hand goods store | Lilleåsgata 9, 3340 Åmot | NOK 0 | 0 | NOK 0 |
| Ojs Invest As | clothing store | Lampeveien 7, 3340 Åmot | NOK 0 | 0 | NOK -70.0K |
| Ma So As | clothing store | Vikersundgata 32, 3370 | NOK 4.4M | 5 | NOK -129.0K |
| Zavanna Vikersund Avd 553 | clothing store | Vikersundgata|Vivasenteret, 3370 | NOK 3.5M | 7 | NOK -408.6K |
Conclusion
The knit store** industry in Modum shows a weakly competitive sector with a low number of employees and very low sales. No bankruptcies are registered, but there is a clear decline in the number of employees and sales over the past few years. Vikersund is the only location in the municipality with activity within this industry, with one company and 5 employees.
Outlook for entrepreneurs: Modum has a strong cultural and tourist sector, which may provide opportunities for new companies within the knit store industry. This can be an advantage for entrepreneurs looking to establish themselves in the municipality. There is also a risk that competition from other companies in the municipality may be strong.
SmartGrunder can help entrepreneurs find suitable addresses in Modum for this industry, where it is natural to establish themselves. We can also provide advice on how to develop your company in a competitive sector.