NAICS Code 424340-05 - Shoes (Wholesale)
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NAICS Code 424340-05 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424340-05
Parent Code (less specific)
Tools
Tools commonly used in the Shoes (Wholesale) industry for day-to-day tasks and operations.
- Shoe sizing tools
- Shoe display racks
- Shoe boxes and packaging materials
- Shoe cleaning and polishing products
- Shoe inserts and insoles
- Shoe laces and other shoe accessories
- Shoe repair tools and materials
- Shoe stretchers and shoe trees
- Shoe measuring devices
- Shoe design software
Industry Examples of Shoes (Wholesale)
Common products and services typical of NAICS Code 424340-05, illustrating the main business activities and contributions to the market.
- Athletic shoes
- Dress shoes
- Casual shoes
- Sandals
- High heels
- Flats
- Loafers
- Boots (excluding those listed in the Exclusions section)
- Children's shoes
- Orthopedic shoes
Certifications, Compliance and Licenses for NAICS Code 424340-05 - Shoes (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- National Shoe Retailers Association Certification: This certification is for individuals who work in the shoe industry and covers topics such as customer service, sales, and product knowledge. The certification is provided by the National Shoe Retailers Association.
- Footwear Distributors and Retailers Of America Certification: This certification is for individuals who work in the footwear industry and covers topics such as product knowledge, sales, and marketing. The certification is provided by the Footwear Distributors and Retailers of America.
- Occupational Safety and Health Administration (OSHA) Certification: This certification is required for individuals who work in the footwear industry and are involved in the manufacturing or distribution of shoes. The certification covers topics such as workplace safety, hazardous materials, and emergency response. The certification is provided by the Occupational Safety and Health Administration.
- International Organization for Standardization (ISO) Certification: This certification is for companies that manufacture or distribute shoes and covers topics such as quality management, environmental management, and social responsibility. The certification is provided by the International Organization for Standardization.
- United States Consumer Product Safety Commission (CPSC) Certification: This certification is required for companies that manufacture or distribute shoes and covers topics such as product safety, labeling, and testing. The certification is provided by the United States Consumer Product Safety Commission.
History
A concise historical narrative of NAICS Code 424340-05 covering global milestones and recent developments within the United States.
- The history of the Shoes (Wholesale) industry dates back to the early 19th century when the first shoe factory was established in the United States. The industry saw significant growth during the 20th century, with the introduction of new materials and manufacturing techniques. In the 1960s, the industry experienced a shift towards more casual and comfortable footwear, which led to the development of new styles such as sneakers and sandals. In recent years, the industry has been impacted by the rise of e-commerce and the increasing popularity of online shopping. However, the industry has adapted to these changes by investing in technology and expanding their online presence. In the United States, the Shoes (Wholesale) industry has a rich history that dates back to the early 1900s. During this time, the industry was dominated by a few large players who controlled the market. However, in the 1960s and 1970s, the industry saw a shift towards more independent retailers who offered a wider variety of styles and brands. In the 1990s, the industry experienced a period of consolidation, with many small retailers going out of business or being acquired by larger companies. Today, the industry is characterized by a mix of large and small players who compete on price, quality, and brand recognition.
Future Outlook for Shoes (Wholesale)
The anticipated future trajectory of the NAICS 424340-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Shoes (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for shoes from various sectors such as healthcare, hospitality, and retail. The rise in e-commerce and online shopping is also expected to boost the industry's growth. The industry is also expected to benefit from the increasing focus on sustainability and eco-friendly products. However, the industry may face challenges due to the ongoing COVID-19 pandemic and the resulting economic uncertainty.
Industry Innovations for NAICS Code 424340-05
Recent groundbreaking advancements and milestones in the Shoes (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- 3D Printing: The use of 3D printing technology in the shoe manufacturing process has allowed for greater customization and faster production times.
- Smart Shoes: The development of smart shoes with sensors and tracking technology has allowed for better tracking of fitness and health data.
- Sustainable Materials: The use of sustainable materials such as recycled plastic and organic cotton in shoe production has become more popular in recent years.
- Augmented Reality: The use of augmented reality technology in the shoe retail industry has allowed for virtual try-ons and improved customer experiences.
- Direct-To-Consumer: The rise of direct-to-consumer shoe brands has disrupted the traditional wholesale model and allowed for greater control over the production and distribution process.
NAICS Code 424340-05 - Shoes (Wholesale)
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