Industry · municipality
Knit Store in Narvik: Industry Analysis and Outlook
A detailed analysis of companies, statistics, and development trends in Narvik for entrepreneurs and local decision-makers in the knit store industry.
Brief Overview of Knit Store in Narvik
Other Observations
In Narvik, 6 companies are registered within the knit store industry. It is a mix of AS and ENK entities, with two AS companies collectively employing 19 people and generating NOK 7.4 million in sales revenue. Most companies have stable operations, but some show zero sales revenue and employees, which may indicate newly established or inactive operations. There are no registered bankruptcies in the industry, showing a relatively stable industry structure.
Sales development has been positive until 2022, with a peak of NOK 7.9 million, followed by a decline to NOK 7.3 million in 2023. Employees have increased from 3 in 2016 to 21 in 2022, but have since stabilized at 18 employees in 2026. The EBITDA margin is at 11%, showing a good operational result structure for active companies.
Economic Development for Knit Store in Narvik
Economic Overview
Sales Development (NOK):
| Year | Sales Revenue |
|---|---|
| 2016 | 2.7 million |
| 2017 | 4.3 million |
| 2018 | 4.3 million |
| 2019 | 4.7 million |
| 2020 | 5.9 million |
| 2021 | 7.2 million |
| 2022 | 7.9 million |
| 2023 | 7.3 million |
| 2024 | 7.6 million |
| 2025 | 7.3 million |
Employee Development:
| Year | Number of Employees |
|---|---|
| 2016 | 3 |
| 2017 | 5 |
| 2018 | 7 |
| 2019 | 7 |
| 2020 | 6 |
| 2021 | 11 |
| 2022 | 21 |
| 2023 | 19 |
| 2024 | 19 |
| 2025 | 18 |
| 2026 | 18 |
Sales revenue has grown by 56.4% from 2016 to 2017, but has shown variations later, with a peak in 2022. Employees have increased significantly from 2020 to 2022, but have since stabilized. The EBITDA margin is at 11%, and gross revenue accounts for 46% of sales revenue, showing good cost control.
Companies in the Knit Store Industry in Narvik
Companies in the Industry
There are 6 companies registered within the knit store industry in Narvik, with the following details:
- Narvik Hobby As – Bolagsgata 1, Narvik. AS entity, 13 employees, NOK 7.4 million in sales revenue, NOK 866,000 in EBITDA.
- Syglede As – Kongens gate 20, Narvik. AS entity, 6 employees, but no sales revenue.
- Keyz Netthandel As – Helmer Hansens vei 7, Narvik. AS entity, 0 employees, no sales revenue.
- Knit Narvik As – Kongens gate 58, Narvik. AS entity, 0 employees, no sales revenue.
- Rikardsen Strikk Og Søm – Rombaksveien 388, Narvik. ENK entity, 0 employees, no sales revenue.
- Trudes Systue Trude E Rasmussen – Sveveien 17, Ankenes. ENK entity, 0 employees, no sales revenue.
Most companies have an AS structure, but there are also ENKs. Two companies have stable operations, while the remaining have no sales revenue or employees, which may indicate newly established or inactive operations.
Geographic Distribution of Knit Store in Narvik
Business Geography
Narvik is the main hub for the knit store industry, with 5 companies and 19 employees. Ankenes has one company, Trudes Systue Trude E Rasmussen, but no employees or sales revenue. There are no registered bankruptcies in the industry, showing a stable industry structure. Most companies are located in Narvik, with a spread to Ankenes. This indicates that Narvik is the main market for the industry, with some extension to Ankenes.
Business Dynamics and Operational Status
Business Dynamics
Bankruptcy Statistics: There are no registered bankruptcies in the knit store industry in Narvik, showing a stable industry structure. This is a positive indicator for investors and entrepreneurs.
Operational Status: Two companies have stable operations with sales revenue and employees, while the remaining have no sales revenue or employees. This may indicate newly established or inactive operations. There are no registered bankruptcies, showing a relatively stable industry structure.
Employee Development: Employees have increased from 3 in 2016 to 21 in 2022, but have since stabilized at 18 employees in 2026. This shows some variation in operational activity, but a stabilization in recent years.
Outlook for Entrepreneurs in Knit Store in Narvik
Outlook for Entrepreneurs
Stable Sales Revenue: Sales revenue has grown until 2022, with a peak of NOK 7.9 million, followed by a decline to NOK 7.3 million in 2023. This shows some variation, but a stabilization in recent years.
Good Operational Result Structure: The EBITDA margin is at 11%, showing a good operational result structure for active companies. This is a positive indicator for entrepreneurs wishing to start a business in the industry.
Bankruptcy-Free Industry: There are no registered bankruptcies in the industry, showing a stable industry structure. This is a positive indicator for entrepreneurs wishing to start a business in the industry.
Competitive Environment: There is a certain competitive environment in the industry, with two companies having stable operations, while the remaining have no sales revenue or employees. This can be a challenge for new entrepreneurs, but also an opportunity to fill market gaps.
Outlook for Creative, Art, and Entertainment Activities in Narvik
Outlook for Creative, Art, and Entertainment Activities
Larger Industry Group: The broader creative, art, and entertainment activities group has 35 companies in Narvik, compared to 6 companies in the knit store industry. This shows that knit store is a smaller sub-group within the broader industry group.
Sales Development: Sales revenue for the broader industry group has grown by 3.4% from 2023 to 2024, but has later shown a decline of 38.1% in 2025. This shows some variation in operational activity, but a stabilization in recent years.
Competitive Environment: The broader industry group has a certain competitive environment, with companies such as Dressmann Thon Senter Narvik Avd 170 and H & M Hennes & Mauritz As Avd 768 Amfisenteret Narvik, which have high sales revenue and EBITDA. This can be a challenge for new entrepreneurs in the knit store industry, but also an opportunity to fill market gaps.
Operational Result Structure: The EBITDA margin for the broader industry group is at 11%, showing a good operational result structure for active companies. This is a positive indicator for entrepreneurs wishing to start a business in the industry.
Other companies in kreative, kunst og underholdningsaktiviteter (not in knit store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Dressmann Thon Senter Narvik Avd 170 | clothing store | Kongens gate 66, 8514 Narvik | NOK 18.7M | 10 | NOK 3.0M |
| Match Narvik Avd 262 | clothing store | Bolagsgata 1, 8514 Narvik | NOK 8.8M | 12 | NOK 1.9M |
| Cubus Thon Senter Narvik Avd 935 | clothing store | Kongens gate 66, 8514 Narvik | NOK 17.7M | 8 | NOK 1.6M |
| Kappahl As Avd 346 Narvik | clothing store | Bolagsgata 1, 8514 Narvik | NOK 11.7M | 8 | NOK 1.4M |
| H & M Hennes & Mauritz As Avd 768 Amfisenteret Narvik | clothing store | Fagernesveien 12, 8514 Narvik | NOK 28.6M | 17 | NOK 1.3M |
| Østerberg Klær & Sko As | footwear store | Kongens gate 66, 8514 Narvik | NOK 16.1M | 7 | NOK 705.0K |
| Sko+sånt As | footwear store | Kongens gate 66, 8514 Narvik | NOK 5.7M | 5 | NOK 543.0K |
| Carlings Thon Senter Narvik Avd 539 | clothing store | Kongens gate 66, 8514 Narvik | NOK 8.1M | 5 | NOK 486.5K |
| Fischer Klær As | clothing store | Kongens gate 66, 8514 Narvik | NOK 6.8M | 6 | NOK 412.0K |
| Brn Best Retail Norge As Avd Mb Narvik | clothing store | Bolagsgata 1, 8514 Narvik | NOK 5.9M | 12 | NOK 322.9K |
| Skotøymagasinet Bjerkvik As | footwear store | Nordmoveien 14, 8530 Bjerkvik | NOK 3.3M | 4 | NOK 55.0K |
| Vm Jj Amfi Narvik Avd 15 | clothing store | Bolagsgata 1, 8514 Narvik | NOK 4.4M | 4 | NOK 36.0K |
| B.young Narvik | clothing store | Bolagsgata 1, 8514 Narvik | NOK 0 | 6 | NOK 0 |
| Bidne Superkjøp | clothing store | Trollvikveien 22, 8530 Bjerkvik | NOK 0 | 3 | NOK 0 |
| Christiansen | clothing store | Terrassen 31, 8515 Narvik | NOK 0 | 0 | NOK 0 |
| Eurosko Amfi Narvik | footwear store | Bolagsgata 1, 8514 Narvik | NOK 0 | 5 | NOK 0 |
| Godaite | clothing store | Tore Hunds gate 49, 8514 Narvik | NOK 0 | 0 | NOK 0 |
| Handmade With Love By Tone Slotten | clothing store | Bjørnsons vei 28, 8517 Narvik | NOK 0 | 0 | NOK 0 |
| Handmade With Love By Tone Slotten | clothing store | Bjørnsons vei 28, 8517 Narvik | NOK 0 | 0 | NOK 0 |
| Husfliden Narvik V/romualdas | national clothing store | Dronningens gate 60, 8514 Narvik | NOK 0 | 0 | NOK 0 |
| Limas As | clothing store | Ankenesveien 179, 8520 | NOK 0 | 0 | NOK 0 |
| Marø Nettbutikken | second-hand goods store | Sentrumsveien 17, 8540 Ballangen | NOK 0 | 0 | NOK 0 |
| Poompuang | clothing store | Gabbroveien 11, 8515 Narvik | NOK 0 | 0 | NOK 0 |
| Saxsa Eriksen | clothing store | Blomsterveien 19, 8516 Narvik | NOK 0 | 0 | NOK 0 |
| Urban Uk Ltd Nuf | clothing store | 2. etasje|Dronningens gate 45, 8514 Narvik | NOK 0 | 0 | NOK 0 |
| Ung Mote As | clothing store | Bolagsgata 1, 8514 Narvik | NOK 7.6M | 12 | NOK -66.0K |
| A Josefsens Eftf As | clothing store | Kongens gate 38, 8514 Narvik | NOK 4.0M | 6 | NOK -234.0K |
| Bik Bok Thon Senter Narvik Avd 638 | clothing store | Kongens gate 66, 8514 Narvik | NOK 5.0M | 6 | NOK -268.6K |
| Zavanna Amfi Narvik Avd 513 | clothing store | Amfi Narvik|Bolagsgata 1, 8514 | NOK 4.5M | 7 | NOK -525.4K |
Conclusion and Future Opportunities
Conclusion
The knit store industry in Narvik shows stable development with some variation in sales revenue and employees. There are no registered bankruptcies, showing a stable industry structure. This is a positive indicator for entrepreneurs wishing to start a business in the industry. There is a certain competitive environment, with two companies having stable operations, while the remaining have no sales revenue or employees. This can be a challenge for new entrepreneurs, but also an opportunity to fill market gaps.
The creative, art, and entertainment activities group has a larger industry structure with 35 companies in Narvik, compared to 6 companies in the knit store industry. This shows that knit store is a smaller sub-group within the broader industry group. This can be a challenge for new entrepreneurs in the knit store industry, but also an opportunity to fill market gaps.
SmartGrunder can help entrepreneurs find suitable addresses in Narvik for the knit store industry, with a focus on natural development opportunities and competitive business models.