Retail in 2024: The big picture
In 2024, retail in Norway registered an uptick in current value growth compared to the previous two years, supported by an upswing in household spending power. Inflation has slowed in Norway, bringing about price stability and driving private consumption.
The shift to online shopping regains momentum
Consumer shopping behaviour in Norway combines traditional habits with the need for modern and convenient retail formats. While store-based retailers remain vital, there is an ongoing shift towards online shopping, particularly among younger demographics.
Consumers still economise on non-essentials goods
Non-grocery retailers have struggled in comparison to both grocery retailers and e-commerce, with inflation driving current value sales. In general merchandise stores, variety stores performed well, whilst health & beauty specialists also reported higher revenues.
What next for retail?
Norwegian consumers will continue to search for affordable and money saving options over the forecast period, due to ongoing concerns regarding higher costs of living and geopolitical changes. Price promotions, loyalty programs, and seasonal discounts will continue to gain popularity.
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Overview:
Understand the latest market trends and future growth opportunities for the Retail industry in Norway with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Convenience Stores
- Discounters
- Hypermarkets
- Supermarkets
- Traditional Grocery Retailers
- Apparel and Footwear Specialist Retailers
- Electronics and Appliance Specialist Retailers
- Health and Beauty Specialist Retailers
- Home and Garden Specialist Retailers
- Department Stores
- Variety Stores
- Warehouse Clubs
- Direct Selling
- Homeshopping
- Vending
If you're in the Retail industry in Norway, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Retail in Norway report includes:
- Analysis of key retail trends
- Detailed segmentation of offline and online retail sales
- Historic channel sizes (retail value sales, outlet counts, and selling space)
- Company and brand market shares (retail value sales and outlet counts)
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Retail in Norway?
- Which are the leading retailers in Retail in Norway?
- How are products distributed in Retail in Norway?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How significant are discounters and private label in Norway?
- To what extent are sales shifting towards digital channels?
- What is the long-term outlook for bricks-and-mortar?
- How is macroeconomic and political uncertainty affecting the retail industry?
- What types of retailers are seeing the fastest growth in digital sales?
- What is the future of retail?
Retail in Norway
Retail in 2024: The big picture
The shift to online shopping regains momentum
Consumers still economise on non-essentials goods
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Black Friday
Christmas
New Year
Back to School
DISCLAIMER
Convenience Retailers in Norway
KEY DATA FINDINGS
Outlet consolidation takes place to optimise sales performance
Bunnpris extends its leading position in convenience retailers
7-Eleven aims to enhance the customer experience in-store and online
Rising price competition from supermarkets and discounters
Tobacco withdrawal may negatively impact sales
Forecourt retailers develop self-service and vending as grocery sales fall
Supermarkets in Norway
KEY DATA FINDINGS
Supermarkets lose value share to discounters
Coop Extra consolidates its lead with low-price positioning
British chain Iceland leaves the Norwegian market
Supermarkets will provide new services and enhance the customer experience
Supermarkets to expand customer loyalty programs
Potential impact of stricter regulations
Hypermarkets in Norway
KEY DATA FINDINGS
Hypermarkets post solid growth amid elevated price competition
Coop Norge is the only player in hypermarkets
Hypermarkets have an advantage by delivering value
Return to offline cross-border shopping puts pressure on hypermarkets
Large selling space is disadvantage in current climate
Lower levels of price competition to impact the category
Discounters in Norway
KEY DATA FINDINGS
Outlet expansion accelerates in discounter category
Kiwi and Rema 1000 dominates the discounter landscape
Norwegian grocery retailers face major antitrust fines
Consumers will be drawn to cheaper prices
Sustainability initiatives are strategic focus
Newcomer Gigaboks by Norgesgruppen faces bright future
Small Local Grocers in Norway
KEY DATA FINDINGS
Losing ground to supermarkets and discounters
Den Norske Isbilen leads highly fragmented category
Vinmonopolet drives food/drink/tobacco specialist performance
Further stagnation is expected as small local grocers lose ground to modern trade and retail e-commerce
Players could benefit from cash payment law
Healthy and locally sourced products are an opportunity for the channel
General Merchandise Stores in Norway
KEY DATA FINDINGS
Budget-friendly purchases win in current circumstances
Rusta chain begins new expansion plans
Europris strengthens its position
Norwegian’s desire for value will support category growth
Newcomer Dollarstore has bright prospects
Flying Tiger Copenhagen targets younger consumers
Apparel and Footwear Specialists in Norway
KEY DATA FINDINGS
Apparel & footwear specialists are targeting younger generations
Norwegians economise when purchasing apparel and footwear
Leaders invest in sustainable operations
Second-hand clothing offers growth opportunities
Growing competition from retail e-commerce
Inbound tourism will create positive impact on this category
Appliances and Electronics Specialists in Norway
KEY DATA FINDINGS
Cost-of-living crisis dampens category sales
Elkjøp retains clear leadership position
Netonnet Norge secures boost in retail value share
Companies will continue to focus on digitalisation to compete successfully
Appliances and electronic specialists will target younger consumers
Competition from affordable e-commerce will become stronger
Home Products Specialists in Norway
KEY DATA FINDINGS
Weak housing market curbs demand for home-related products
Pet shop and superstores show steady growth
Ikea offers innovative concepts
Sustainability will gain importance in DIY sector
Newcomers in homewares and furnishing stores will intensify competition
Legislative changes take effect for pet stores
Health and Beauty Specialists in Norway
KEY DATA FINDINGS
Growing demand ensures success of beauty specialists
Robust growth is driven by pharmacies
Rituals leverage outdoor campaign to connect with urban consumers
Beauty retailers will drive category growth
Health & personal care retailers will continue to innovate
Service and unique experiences will reinforce offline retailers
Vending in Norway
KEY DATA FINDINGS
Drinks remains the most developed vending product
Stable market positions for Coca-Cola & Selecta
Competition from emerging self-service groceries
Vending faces some limitations to growth
Selecta forms partnership with dairy manufacturer
7-Eleven is expected to launch into vending
Direct Selling in Norway
KEY DATA FINDINGS
Direct selling faces structural challenges and changing shopping habits
Eqology remains clear leader in direct selling
Consumer health products in demand via direct selling
Limited growth opportunities in direct selling as e-commerce grows
Promising health and wellness innovations
Sustainability focus will accelerate for players
Retail E-Commerce in Norway
KEY DATA FINDINGS
E-commerce growth picks up over 2024
Leaders continue to invest in retail e-commerce
Online shopping from foreign stores will become more expensive and complicated
Modern technologies will strengthen online retailers
Temu is a powerful gamechanger in retail
Wolt dark store developments will support grocery e-commerce
The following categories and subcategories are included:
Retail
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- Convenience Stores
- Forecourt Retailers
- Supermarkets
- Hypermarkets
- Discounters
- Warehouse Clubs
- Food/Drink/Tobacco Specialists
- Small Local Grocers
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- Department Stores
- Variety Stores
- Apparel and Footwear Specialists
- Appliances and Electronics Specialists
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- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
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- Beauty Specialists
- Pharmacies
- Optical Goods Stores
- Health and Personal Care Stores
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- Bags and Luggage Specialists
- Jewellery and Watch Specialists
- Sports Goods Stores
- Traditional Toys and Games Stores
- Other Non-Grocery Retailers
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- Fashion Vending
- Health and Beauty Vending
- Appliances and Electronics Vending
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- Alcoholic Drinks Vending
- Hot Drinks Vending
- Soft Drinks Vending
- Tobacco Products Vending
- Foods Vending
- Home Products Vending
- Other Products Vending
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- Apparel and Footwear Direct Selling
- Personal Accessories Direct Selling
- Eyewear Direct Selling
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- Beauty and Personal Care Direct Selling
- Consumer Health Direct Selling
- Tissue and Hygiene Direct Selling
- Appliances and Electronics Direct Selling
- Drinks and Tobacco Direct Selling
- Foods Direct Selling
- Home Products Direct Selling
- Other Products Direct Selling
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- Apparel and Footwear E-Commerce
- Personal Accessories E-Commerce
- Eyewear E-Commerce
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- Beauty and Personal Care E-Commerce
- Consumer Health E-Commerce
- Tissue and Hygiene E-Commerce
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- Consumer Appliances E-Commerce
- Consumer Electronics E-Commerce
- Toys and Games E-Commerce
- Drinks and Tobacco E-Commerce
- Foods E-Commerce
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- Home Care E-Commerce
- Home and Garden E-Commerce
- Pet Care E-Commerce
- Other Products E-Commerce
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- First-Party (1P) Marketplace E-Commerce
- Third-Party (3P) Marketplace E-Commerce
- Grocery E-Commerce
- General Merchandiser E-Commerce
- Apparel and Footwear Specialist E-Commerce
- Appliances and Electronics Specialist E-Commerce
- Home Products Specialist E-Commerce
- Health and Beauty Specialist E-Commerce
- Leisure and Personal Goods Specialist E-Commerce
- Other E-Commerce Retailers
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Retail
Retail is the sale of new and used goods to consumers from a business for personal or household consumption from retail outlets, kiosks, market stalls, vending, direct selling and e-commerce. Retail is the aggregation of Retail Offline and Retail E-Commerce. Excludes specialist retailers of motor vehicles, motorcycles, vehicle parts. Also excludes fuel sales, foodservice sales, rental transactions, and wholesale sales (e.g. Cash and Carry). Sales value excluding or including VAT/Sales Tax. Retail also excludes the informal retail sector. Informal retailing is retail trade which is not declared to the tax authorities. Informal retailing encompasses (a) sales generated by unregistered and unlicensed retailers, i.e. retailers operating illegally, and (b) any proportion of sales generated by a registered and licensed retailer that is not declared to the tax authorities. Unregistered and unlicensed retailers operate predominantly (although not exclusively) as street hawkers or operate open market stalls, as these channels are harder for the authorities to monitor than permanent outlets. Activities in the illegal market, which is usually understood to refer to trade in illegal, counterfeit or stolen merchandise, are included within our definition of informal retailing. Activities in the “grey market”, which is usually understood to refer to trade in legal merchandise that is sold through unauthorized channels – for example cigarettes bought legally in another country, legally imported, but sold at lower prices than in authorized channels – will be included as informal retailing if no tax is paid on sale by the retailer. However if the retailer pays tax – for example on cigarettes bought legally in another country but sold at a lower price than standard – the sale is included within formal retail.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Retail research and analysis database.
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