NAICS Code 424350-45 - Dress Goods (Wholesale)
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NAICS Code 424350-45 Description (8-Digit)
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Tools
Tools commonly used in the Dress Goods (Wholesale) industry for day-to-day tasks and operations.
- Fabric cutting machines
- Sewing machines
- Embroidery machines
- Fabric measuring tapes
- Fabric scissors
- Rotary cutters
- Pattern making software
- Fabric markers
- Irons and ironing boards
- Serger machines
Industry Examples of Dress Goods (Wholesale)
Common products and services typical of NAICS Code 424350-45, illustrating the main business activities and contributions to the market.
- Silk fabrics
- Cotton fabrics
- Wool fabrics
- Synthetic fabrics
- Lace materials
- Ribbon materials
- Chiffon fabrics
- Satin fabrics
- Velvet fabrics
- Brocade fabrics
Certifications, Compliance and Licenses for NAICS Code 424350-45 - Dress Goods (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Textile Fiber Products Identification Act (TFPIA): The TFPIA requires that textile fiber products be labeled and identified as to the generic names and percentages by weight of the constituent fibers in the product. This act is enforced by the Federal Trade Commission (FTC).
- Consumer Product Safety Improvement Act (CPSIA): The CPSIA regulates the safety of consumer products, including clothing. It requires that children's clothing be tested for lead and phthalates and meet certain flammability standards. This act is enforced by the Consumer Product Safety Commission (CPSC).
- Occupational Safety and Health Administration (OSHA) Certification: OSHA provides certification for workers in the clothing industry to ensure that they are trained in the proper use of equipment and safety procedures. This certification is required for workers who operate machinery or handle hazardous materials.
- International Organization for Standardization (ISO) Certification: ISO provides certification for quality management systems in the clothing industry. This certification ensures that clothing manufacturers meet certain quality standards and have effective quality management systems in place.
- Global Organic Textile Standard (GOTS) Certification: GOTS provides certification for organic textiles, including clothing. This certification ensures that the clothing is made from organic fibers and meets certain environmental and social criteria.
History
A concise historical narrative of NAICS Code 424350-45 covering global milestones and recent developments within the United States.
- The Dress Goods (Wholesale) industry has a long history dating back to the 19th century when the textile industry was booming. The industry was initially focused on producing fabrics for clothing, but as the demand for ready-made clothing increased, the industry shifted towards producing finished garments. In the early 20th century, the industry saw significant growth due to the rise of department stores and mail-order catalogs. The industry continued to grow throughout the mid-20th century, with the introduction of synthetic fabrics and the expansion of international trade. In recent years, the industry has faced challenges due to the rise of e-commerce and fast fashion, but it continues to adapt and innovate to meet changing consumer demands. In the United States, the Dress Goods (Wholesale) industry has a rich history dating back to the colonial era. The industry grew significantly in the 19th century with the rise of the textile industry in New England. The industry continued to grow throughout the 20th century, with the introduction of new fabrics and manufacturing techniques. In recent years, the industry has faced challenges due to the rise of e-commerce and changing consumer preferences. However, the industry has also seen growth in niche markets such as sustainable and ethical fashion. Overall, the Dress Goods (Wholesale) industry in the United States has a long and varied history, with many notable milestones and advancements.
Future Outlook for Dress Goods (Wholesale)
The anticipated future trajectory of the NAICS 424350-45 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 Dress Goods (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for fashionable and trendy clothing. The rise of e-commerce has also contributed to the growth of the industry, as more consumers are shopping online. The industry is also expected to benefit from the growing trend of sustainable and eco-friendly clothing. However, the industry may face challenges due to the ongoing COVID-19 pandemic, which has disrupted supply chains and caused a decline in consumer spending. Overall, the Dress Goods (Wholesale) industry is expected to continue to grow in the coming years, driven by changing consumer preferences and the rise of e-commerce.
Industry Innovations for NAICS Code 424350-45
Recent groundbreaking advancements and milestones in the Dress Goods (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Sustainable Clothing Lines: Many Dress Goods (Wholesale) companies have launched sustainable clothing lines in response to the growing demand for eco-friendly clothing. These lines use sustainable materials and production methods to reduce the industry's environmental impact.
- Virtual Showrooms: With the rise of e-commerce, many Dress Goods (Wholesale) companies have launched virtual showrooms to showcase their products to buyers. These showrooms allow buyers to view products online and place orders without having to travel to physical showrooms.
- Customization Options: Some Dress Goods (Wholesale) companies have started offering customization options for their products, allowing buyers to choose fabrics, colors, and other details to create unique products.
- Digital Printing Technology: Digital printing technology has revolutionized the Dress Goods (Wholesale) industry by allowing companies to print designs directly onto fabrics, reducing waste and increasing efficiency.
- RFID Technology: Some Dress Goods (Wholesale) companies have started using RFID technology to track their products throughout the supply chain, improving inventory management and reducing the risk of theft and counterfeiting.
NAICS Code 424350-45 - Dress Goods (Wholesale)
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