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NAICS Code 424350-34 Description (8-Digit)

Belts-Apparel (Wholesale) is a subdivision of the Clothing and Clothing Accessories Merchant Wholesalers industry. This industry involves the wholesale distribution of belts that are designed to be worn as a part of an outfit. Belts-Apparel (Wholesale) companies purchase belts from manufacturers and sell them to retailers, who then sell them to consumers. The belts can be made from a variety of materials, including leather, fabric, and synthetic materials. The industry is highly competitive, with companies constantly seeking to differentiate themselves through the design and quality of their products.

Hierarchy Navigation for NAICS Code 424350-34

Tools

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

  • Belt cutters
  • Leather punches
  • Sewing machines
  • Rivet setters
  • Eyelet setters
  • Strap cutters
  • Hole punches
  • Belt sanders
  • Leather skivers
  • Belt edge finishers

Industry Examples of Belts-Apparel (Wholesale)

Common products and services typical of NAICS Code 424350-34, illustrating the main business activities and contributions to the market.

  • Leather dress belts
  • Fabric casual belts
  • Woven belts
  • Braided belts
  • Skinny belts
  • Wide belts
  • Chain belts
  • Western-style belts
  • Embellished belts
  • Stretch belts

Certifications, Compliance and Licenses for NAICS Code 424350-34 - Belts-Apparel (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 products are made from organic fibers and that the production process is environmentally and socially responsible. It covers the entire supply chain from harvesting to labeling. The certification is provided by the Global Organic Textile Standard International Working Group.
  • Leather Working Group (LWG) Certification: LWG is a certification program that ensures that the leather used in the production of the product is environmentally responsible and that the production process is socially responsible. It covers the entire supply chain from raw material to finished product. The certification is provided by the Leather Working Group.
  • OEKO-TEX Standard 100: OEKO-TEX Standard 100 is a certification program that ensures that the products are free from harmful substances and that the production process is environmentally and socially responsible. It covers the entire supply chain from raw material to finished product. The certification is provided by the International Association for Research and Testing in the Field of Textile Ecology.
  • Responsible Down Standard (RDS): RDS is a certification program that ensures that the down used in the production of the product is ethically sourced and that the production process is environmentally responsible. It covers the entire supply chain from farm to finished product. The certification is provided by the Textile Exchange.

History

A concise historical narrative of NAICS Code 424350-34 covering global milestones and recent developments within the United States.

  • Belts have been used for centuries to hold up clothing, but it wasn't until the 1920s that they became a fashion accessory. The "flapper" style of the 1920s featured shorter hemlines and looser clothing, which meant that belts were needed to cinch in the waist and create a more defined silhouette. In the 1950s, belts became even more popular as part of the "New Look" style, which emphasized a tiny waist and full skirt. Belts have remained a staple of fashion ever since, with new materials and designs constantly being introduced. In recent history, the United States has seen a rise in the popularity of "statement" belts, which are designed to be eye-catching and add a pop of color or texture to an outfit. These belts are often sold in specialty boutiques or online, rather than in traditional department stores.

Future Outlook for Belts-Apparel (Wholesale)

The anticipated future trajectory of the NAICS 424350-34 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 Belts-Apparel (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for belts in the fashion industry. The rise in disposable income and the growing fashion consciousness among consumers are also expected to drive 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 customer base. However, the industry may face challenges such as increasing competition from low-cost imports and changing consumer preferences. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424350-34

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

  • Smart Belts: These are belts that come with sensors and other technology that can track fitness data, monitor posture, and even alert the wearer if they are sitting for too long. [explanation]
  • Sustainable Belts: With the growing concern for the environment, many companies are now producing belts made from sustainable materials such as recycled plastic, organic cotton, and even pineapple leaves. [explanation]
  • Customizable Belts: Some companies are now offering belts that can be customized to the customer's specifications, allowing them to choose the color, material, and even the buckle design. [explanation]
  • RFID Belts: These are belts that come with RFID (Radio Frequency Identification) technology, which can be used to track inventory and prevent theft. [explanation]
  • Vegan Belts: With the increasing popularity of veganism, many companies are now producing belts made from synthetic materials that mimic the look and feel of leather. [explanation]

NAICS Code 424350-34 - Belts-Apparel (Wholesale)

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