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NAICS Code 424350-06 Description (8-Digit)

The Clothing (Wholesale) industry involves the distribution of clothing and clothing accessories to retailers, businesses, and other organizations. This industry includes wholesalers that sell a wide range of clothing items such as dresses, skirts, blouses, pants, jackets, and more. Clothing (Wholesale) companies purchase clothing items from manufacturers and then sell them in bulk to retailers or other businesses. The industry is highly competitive and requires companies to stay up-to-date with the latest fashion trends and styles.

Hierarchy Navigation for NAICS Code 424350-06

Tools

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

  • Inventory management software
  • Point of sale (POS) systems
  • Customer relationship management (CRM) software
  • Electronic data interchange (EDI) software
  • Shipping and logistics software
  • Barcode scanners
  • Label printers
  • Pallet jacks
  • Hand trucks
  • Shelving and storage systems

Industry Examples of Clothing (Wholesale)

Common products and services typical of NAICS Code 424350-06, illustrating the main business activities and contributions to the market.

  • Women's dresses
  • Men's suits
  • Children's clothing
  • Athletic wear
  • Swimwear
  • Formal wear
  • Outerwear
  • Accessories
  • Footwear
  • Workwear

Certifications, Compliance and Licenses for NAICS Code 424350-06 - Clothing (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 of the product 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 textile products are made from organic fibers and are produced in an environmentally and socially responsible manner. It covers the entire supply chain from harvesting to labeling. The certification is provided by the Global Organic Textile Standard International Working Group.
  • OEKO-TEX Standard 100: OEKO-TEX Standard 100 is a certification program that ensures that the textile products are free from harmful substances and are safe for human use. It covers all stages of production, from raw materials to finished products. The certification is provided by the International Association for Research and Testing in the Field of Textile Ecology.
  • WRAP Certification: WRAP (Worldwide Responsible Accredited Production) Certification is a certification program that ensures that the products are produced in a socially and environmentally responsible manner. It covers areas such as labor practices, health and safety, and environmental impact. The certification is provided by Worldwide Responsible Accredited Production.
  • ISO 9001:2015: ISO 9001:2015 is a certification program that ensures that the products meet the requirements of the customers and are produced in a consistent and reliable manner. It covers areas such as quality management, customer satisfaction, and continuous improvement. The certification is provided by the International Organization for Standardization.

History

A concise historical narrative of NAICS Code 424350-06 covering global milestones and recent developments within the United States.

  • The Clothing (Wholesale) industry has a long and rich history dating back to the early days of human civilization. The first recorded instances of clothing production and trade date back to ancient Egypt, where linen was produced and traded on a large scale. In the Middle Ages, the textile industry in Europe began to flourish, and the production of woolen cloth became a major industry. The Industrial Revolution in the 18th and 19th centuries brought about significant advancements in textile manufacturing, leading to the mass production of clothing. In the United States, the Clothing (Wholesale) industry began to take shape in the early 20th century, with the establishment of large-scale garment factories in cities like New York and Chicago. The industry continued to grow throughout the 20th century, with the rise of department stores and the advent of online shopping in the 21st century further fueling its growth.

Future Outlook for Clothing (Wholesale)

The anticipated future trajectory of the NAICS 424350-06 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 Clothing (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for clothing and clothing accessories from retailers and businesses. The rise of e-commerce has also contributed to the growth of the industry, as more and more consumers are shopping online. The industry is also expected to benefit from the increasing popularity of fast fashion, which has led to a higher demand for affordable clothing. However, the industry may face challenges such as rising labor costs and increasing competition from overseas manufacturers.

Industry Innovations for NAICS Code 424350-06

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

  • Sustainable Clothing: Many clothing wholesalers are now offering sustainable clothing options, such as clothing made from recycled materials or organic cotton. This trend is driven by consumer demand for environmentally friendly products.
  • Customizable Clothing: Some clothing wholesalers are now offering customizable clothing options, allowing customers to choose the color, style, and size of their clothing. This trend is driven by the desire for personalized products.
  • Augmented Reality: Some clothing wholesalers are now using augmented reality technology to allow customers to try on clothing virtually. This trend is driven by the desire to provide a more immersive shopping experience.
  • 3D Printing: Some clothing wholesalers are now using 3D printing technology to create clothing. This trend is driven by the desire to reduce waste and create more sustainable products.
  • Direct-To-Consumer: Some clothing wholesalers are now selling their products directly to consumers, bypassing traditional retail channels. This trend is driven by the desire to have more control over the customer experience and to capture more of the profit margin.

NAICS Code 424350-06 - Clothing (Wholesale)

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