Knit Store in Vestvågøy: An Analysis of the Companies, Statistics, and Outlooks

The knit store industry in Vestvågøy is a small but stable industry with three registered companies. In recent years, the industry has shown a gradual increase in sales, rising from 7.1 million kroner in 2016 to 15.0 million kroner in 2025. Employment figures have been more variable, with a peak of 27 employees in 2018 and a decline to 19 employees in 2026. The industry is primarily concentrated in Leknes, where two of the companies operate. The third company, Hvilepuls Therese Egge Belgum, is a sole proprietorship with no employees. The industry has not recorded any bankruptcies, indicating relative stability. For entrepreneurs, this may present an opportunity, especially with increasing sales and a good geographic location in Vestvågøy.

Sales in the knit store industry have shown a positive trend in recent years, increasing from 7.1 million kroner in 2016 to 15.0 million kroner in 2025. The most significant increase was recorded between 2019 and 2020, with a rise of 32.8%. Employment figures have been more variable, with a peak of 27 employees in 2018 and a decline to 19 employees in 2026. The most significant increase in the number of employees was recorded between 2017 and 2018, with a rise of 50.0%. This variability suggests that the industry has been influenced by external factors, such as economic fluctuations or changes in customer behavior.

In Vestvågøy, there are three companies registered in the knit store industry:

1. Husfliden Lofoten As – Lekneskroken 9C, Leknes. AS company structure, established 6 March 1984. Has 11 employees and reports an operating income of 7.1 million kroner.

1. Gretes Håndarbeid As – Storgata 42, Leknes. AS company structure, established 16 December 2003. Has 9 employees and reports an operating income of 7.9 million kroner.

1. Hvilepuls Therese Egge Belgum – Knutstadveien 240, Bøstad. ENK company structure, established 9 September 2020. Has no employees and reports no income.

The organizational forms of the companies in the industry are primarily AS, with two companies and 20 employees. There are no registered bankruptcies in the industry.

Knit store activity in Vestvågøy is primarily concentrated in Leknes, where two companies are registered and 20 employees are employed. This town has an operating income of 15.0 million kroner and a sales income of 15.0 million kroner. No activity is registered in other towns or areas in Vestvågøy. This suggests that Leknes is an important hub for the industry, with a concentration of companies and employment positions.

The industry has not recorded any bankruptcies, indicating relative stability. Employment figures have been more variable, with a peak of 27 employees in 2018 and a decline to 19 employees in 2026. The most significant increase in the number of employees was recorded between 2017 and 2018, with a rise of 50.0%. This variability suggests that the industry has been influenced by external factors, such as economic fluctuations or changes in customer behavior.

Sales in the knit store industry have shown a positive trend in recent years, increasing from 7.1 million kroner in 2016 to 15.0 million kroner in 2025. The most significant increase was recorded between 2019 and 2020, with a rise of 32.8%. Employment figures have been more variable, with a peak of 27 employees in 2018 and a decline to 19 employees in 2026. This variability suggests that the industry has been influenced by external factors, such as economic fluctuations or changes in customer behavior. For entrepreneurs, this may present an opportunity, especially with increasing sales and a good geographic location in Vestvågøy.

The creative, arts, and entertainment activities industry in Vestvågøy has a larger number of companies (16) compared to the knit store industry (3). Sales in this broader industry have shown a more variable trend, declining from 90.2 million kroner in 2016 to 83.8 million kroner in 2025. Employment figures have also been more variable, declining from 111 employees in 2016 to 86 employees in 2025. This suggests that the creative, arts, and entertainment activities industry has been more influenced by external factors, such as economic fluctuations or changes in customer behavior. In contrast, the knit store industry has shown a more stable trend in sales and employment figures. This may be an advantage for entrepreneurs looking to start a business in this industry.

The knit store industry in Vestvågøy has shown a positive trend in sales in recent years, increasing from 7.1 million kroner in 2016 to 15.0 million kroner in 2025. Employment figures have been more variable, with a peak of 27 employees in 2018 and a decline to 19 employees in 2026. This variability suggests that the industry has been influenced by external factors, such as economic fluctuations or changes in customer behavior. For entrepreneurs, this may present an opportunity, especially with increasing sales and a good geographic location in Vestvågøy. SmartGrunder can help entrepreneurs find suitable addresses in Vestvågøy for this industry, based on natural conditions and development trends.