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NAICS Code 424350-01 Description (8-Digit)

The Apparel-Mens (Wholesale) industry involves the distribution of men's clothing and accessories to retailers, who then sell the products to consumers. This industry includes wholesalers who specialize in men's clothing, such as suits, jackets, pants, shirts, and ties. The wholesalers in this industry may also offer accessories such as belts, cufflinks, and wallets. The products in this industry are typically sold in bulk to retailers, who then sell them to individual consumers.

Hierarchy Navigation for NAICS Code 424350-01

Tools

Tools commonly used in the Apparel-Mens (Wholesale) industry for day-to-day tasks and operations.

  • Garment steamers
  • Clothing racks
  • Hangers
  • Tagging guns
  • Sewing machines
  • Cutting machines
  • Irons
  • Scissors
  • Measuring tapes
  • Fabric cutters

Industry Examples of Apparel-Mens (Wholesale)

Common products and services typical of NAICS Code 424350-01, illustrating the main business activities and contributions to the market.

  • Men's suits
  • Dress shirts
  • Ties
  • Blazers
  • Dress pants
  • Polo shirts
  • Sweaters
  • Vests
  • Bow ties
  • Pocket squares

Certifications, Compliance and Licenses for NAICS Code 424350-01 - Apparel-Mens (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Fair Trade Certified: Fair Trade Certified is a certification program that ensures that the products are ethically sourced and produced. It ensures that the workers involved in the production process are paid fairly and work in safe conditions. Fair Trade USA provides this certification.
  • Global Organic Textile Standard (GOTS): GOTS is a certification program that ensures that the textiles are produced in an environmentally friendly and socially responsible manner. It ensures that the products are made from organic fibers and that the production process is free from harmful chemicals. The certification is provided by the Global Organic Textile Standard.
  • Oeko-Tex Standard 100: Oeko-Tex Standard 100 is a certification program that ensures that the products are free from harmful substances. It ensures that the products are safe for human use and that they do not contain any harmful chemicals. The certification is provided by the International Association for Research and Testing in the Field of Textile Ecology.
  • WRAP Certification: WRAP Certification is a certification program that ensures that the products are produced in a socially responsible manner. It ensures that the workers involved in the production process are treated fairly and work in safe conditions. The certification is provided by Worldwide Responsible Accredited Production.
  • ISO 9001:2015: ISO 9001:2015 is a certification program that ensures that the products are produced in a consistent and reliable manner. It ensures that the products meet the customer's requirements and that the production process is continuously improved. The certification is provided by the International Organization for Standardization.

History

A concise historical narrative of NAICS Code 424350-01 covering global milestones and recent developments within the United States.

  • The "Apparel-Mens (Wholesale)" industry has a long history dating back to the early 20th century when men's clothing became more standardized and mass-produced. In the 1920s, the industry saw a significant shift towards ready-to-wear clothing, which led to the establishment of many wholesale businesses. During the 1950s and 1960s, the industry experienced a boom due to the post-war economic growth and the rise of the middle class. In recent years, the industry has faced challenges due to the increasing popularity of online shopping and the decline of brick-and-mortar retail stores. However, the industry has adapted to these changes by investing in e-commerce and expanding their product offerings to include athleisure and streetwear. In the United States, the "Apparel-Mens (Wholesale)" industry has a rich history that dates back to the early 1900s. During this time, the industry was dominated by small, family-owned businesses that specialized in men's clothing. In the 1950s and 1960s, the industry experienced significant growth due to the post-war economic boom and the rise of the middle class. However, the industry faced challenges in the 1970s and 1980s due to the increasing popularity of casual wear and the decline of formal wear. In recent years, the industry has adapted to changing consumer preferences by investing in e-commerce and expanding their product offerings to include athleisure and streetwear.

Future Outlook for Apparel-Mens (Wholesale)

The anticipated future trajectory of the NAICS 424350-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the "Apparel-Mens (Wholesale)" industry in the USA is positive. The industry is expected to grow due to the increasing demand for men's clothing and accessories. The rise in disposable income and changing fashion trends are also contributing factors to the growth of the industry. The industry is also expected to benefit from the increasing popularity of online shopping, which has made it easier for wholesalers to reach a wider audience. However, the industry may face challenges due to the increasing competition from low-cost imports and the changing consumer preferences. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424350-01

Recent groundbreaking advancements and milestones in the Apparel-Mens (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Virtual Showrooms: Many wholesalers in the "Apparel-Mens (Wholesale)" industry have started using virtual showrooms to showcase their products to retailers and other bulk buyers. This has made it easier for buyers to view and select products without the need for physical showrooms.
  • Sustainable Clothing: Many wholesalers in the industry have started offering sustainable clothing options to meet the increasing demand for eco-friendly products. This has helped the industry to reduce its carbon footprint and attract environmentally conscious buyers.
  • Customization: Some wholesalers in the industry have started offering customization options to retailers and other bulk buyers. This has helped buyers to differentiate their products from competitors and meet the changing consumer preferences.
  • RFID Technology: Many wholesalers in the industry have started using RFID technology to track their inventory and improve their supply chain management. This has helped wholesalers to reduce their operational costs and improve their efficiency.
  • Online Marketplaces: Many wholesalers in the industry have started using online marketplaces to reach a wider audience. This has helped wholesalers to expand their customer base and increase their sales.

NAICS Code 424350-01 - Apparel-Mens (Wholesale)

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