Knit Store in Rana: Industry Analysis and Outlook

The knit store industry in Rana municipality is a small but active sector with five registered companies. The most significant player is Garn & Tekstil As, which operates in Mo I Rana with five employees and an annual revenue of 5.3 million NOK. The industry has shown unstable income developments over time, with a 3% decline in 2025 compared to 2024. At the same time, the number of employees in the industry has fallen from 9 in 2016 to 5 in 2026. Prospects for new players are limited, but SmartGrunder can help founders find suitable locations in Rana for this industry.

The industry has shown a weak negative development in sales over the past few years. Sales figures have fallen from 5.9 million NOK in 2016 to 5.3 million NOK in 2025, with an average annual decline of 1.5%. The number of employees has also continuously decreased, from 9 in 2016 to 5 in 2026. The only company form registered is AS, and the only active company is Garn & Tekstil As, which has a negative EBITDA margin of -1% and an operating margin of -1%. This indicates that the industry faces economic challenges, even though no bankruptcies have been registered in the sector.

There are five companies registered in the knit store industry in Rana:

Most companies have no employees or revenue, and only Garn & Tekstil As is active. Stormdal Ull As has a negative EBITDA of -10.0K, which indicates economic challenges for this company.

All companies in the knit store industry in Rana are registered in Mo I Rana. There is one business district with activity in the municipality, and all companies are located in this business district. This indicates that the industry is concentrated in a single part of the municipality, with a focus on Mo I Rana as the main location for activity.

The industry has no registered bankruptcies, but several companies have negative EBITDA values. Stormdal Ull As has a negative EBITDA of -10.0K and an operating margin of -21%. This indicates that the company faces economic challenges, even though no bankruptcies have been registered. Garn & Tekstil As has a negative EBITDA margin of -1%, which shows that the industry generally has weak economic results. There are no companies that have increased the number of employees over time, and all companies have either 0 employees or a decrease in the number of employees.

For founders considering starting a business in the knit store industry in Rana, it is important to be aware of the economic challenges in the sector. The industry has weak sales growth and negative EBITDA margins, which can make it difficult to achieve profitability. Nevertheless, there may be opportunities to develop through collaboration with existing companies, especially Garn & Tekstil As, which is the only active player in the sector. SmartGrunder can help founders find suitable locations in Rana for this industry, with a focus on Mo I Rana as the main location.

The broader industry creative, art, and entertainment activities has 39 companies in Rana, which shows that this industry is much larger than the knit store industry. Sales figures for the broader industry showed a decline of 41.7% in 2025 compared to 2024, which could negatively affect the knit store industry. However, the broader industry has higher sales figures and more companies, which could provide opportunities for collaboration and development. Examples of companies in the broader industry include H & M Hennes & Mauritz As, Kappahl As, and Dressmann Thon Senter Mo I Rana Avd 225, all of which have higher sales and EBITDA than companies in the knit store industry.

The knit store industry in Rana municipality is a small but active sector with five companies. The most significant player is Garn & Tekstil As, which operates in Mo I Rana with five employees. The industry has shown unstable income developments and negative EBITDA margins, which indicate economic challenges. Nevertheless, there may be opportunities for founders who want to start a business in this industry, especially through collaboration with existing companies. SmartGrunder can help founders find suitable locations in Rana for this industry, with a focus on Mo I Rana as the main location.