Based on revenue, H&M was the leading clothing chain in Norway in 2019. That year, the Swedish company generated almost 4.1 billion Norwegian kroner. Fashion brand Cubus, operated by Norwegian clothing company Varner AS, came in second place, reaching a revenue of approximately 2.2 billion Norwegian kroner. Based on the number of stores in Norway, H&M ranked fourth with 128 stores, while Texcon had the most stores in the country with 277 outlets.
Varner AS
Varner Gruppen AS was founded in 1962 and is based in Oslo, Norway. The company is one of the largest fashion retailers in Scandinavia, operating the brands Cubus, Dressmann, Dressmann XL, Bik Bok, Carlings, Volt, Urban, WOW, Levi’s Store, and Nike Store. In the past years, the group generated an increasing operating income, peaking at almost 782 million Norwegian kroner in 2019.
*The source adds the following information: "The figures are preliminary, Kappahl's figures are based on deviating financial years. Zara's 2019 figures are estimates. Polarn O. Pyret's figures include online stores."
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E24. (February 26, 2020). Leading clothing chains in Norway in 2019, by revenue (in million NOK) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1133505/leading-clothing-chains-in-norway-by-revenue/
E24. "Leading clothing chains in Norway in 2019, by revenue (in million NOK)." Chart. February 26, 2020. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1133505/leading-clothing-chains-in-norway-by-revenue/
E24. (2020). Leading clothing chains in Norway in 2019, by revenue (in million NOK). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1133505/leading-clothing-chains-in-norway-by-revenue/
E24. "Leading Clothing Chains in Norway in 2019, by Revenue (in Million Nok)." Statista, Statista Inc., 26 Feb 2020, https://www.statista.com/statistics/1133505/leading-clothing-chains-in-norway-by-revenue/
E24, Leading clothing chains in Norway in 2019, by revenue (in million NOK) Statista, https://www.statista.com/statistics/1133505/leading-clothing-chains-in-norway-by-revenue/ (last visited August 25, 2024)
Leading clothing chains in Norway in 2019, by revenue (in million NOK) [Graph], E24, February 26, 2020. [Online]. Available: https://www.statista.com/statistics/1133505/leading-clothing-chains-in-norway-by-revenue/