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NAICS Code 424350-50 Description (8-Digit)

Fur-Dealers (Wholesale) is a subdivision of the Clothing and Clothing Accessories Merchant Wholesalers industry. This industry involves the wholesale distribution of fur clothing and accessories made from animal hides. Fur-Dealers (Wholesale) purchase raw furs from trappers, farmers, and other sources, and then process and manufacture them into finished products. These products are then sold to retailers, fashion designers, and other businesses that specialize in fur clothing and accessories.

Hierarchy Navigation for NAICS Code 424350-50

Tools

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

  • Fur sewing machine
  • Fur cutting machine
  • Fur iron
  • Fur needle
  • Fur brush
  • Fur comb
  • Fur scissors
  • Fur pliers
  • Fur awl
  • Fur thimble
  • Fur hook

Industry Examples of Fur-Dealers (Wholesale)

Common products and services typical of NAICS Code 424350-50, illustrating the main business activities and contributions to the market.

  • Fur coats
  • Fur hats
  • Fur gloves
  • Fur scarves
  • Fur vests
  • Fur jackets
  • Fur trim
  • Fur blankets
  • Fur pillows
  • Fur boots

Certifications, Compliance and Licenses for NAICS Code 424350-50 - Fur-Dealers (Wholesale)

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

  • Convention on International Trade In Endangered Species Of Wild Fauna and Flora (CITES): CITES is an international agreement between governments that aims to ensure that international trade in specimens of wild animals and plants does not threaten their survival. Fur-Dealers (Wholesale) must comply with CITES regulations to ensure that the fur they trade is not from endangered species. The certification is issued by the CITES Secretariat.
  • Fur Products Labeling Act: The Fur Products Labeling Act requires that all fur products be labeled with the name of the animal(s) used, the manufacturer's name, and the country of origin. This certification is issued by the Federal Trade Commission (FTC).
  • Animal Welfare Act: The Animal Welfare Act sets minimum standards for the care and treatment of animals used in research, exhibition, transport, and by dealers. Fur-Dealers (Wholesale) must comply with the Animal Welfare Act to ensure that the animals they trade are treated humanely. This certification is issued by the United States Department of Agriculture (USDA).
  • Occupational Safety and Health Administration (OSHA) Certification: OSHA certification is required for businesses to ensure that they comply with safety and health regulations in the workplace. Fur-Dealers (Wholesale) must comply with OSHA regulations to ensure the safety of their employees. This certification is issued by the Occupational Safety and Health Administration (OSHA).
  • Environmental Protection Agency (EPA) Certification: EPA certification is required for businesses that handle hazardous waste to ensure that they comply with environmental regulations. Fur-Dealers (Wholesale) must comply with EPA regulations to ensure that they do not harm the environment. This certification is issued by the Environmental Protection Agency (EPA).

History

A concise historical narrative of NAICS Code 424350-50 covering global milestones and recent developments within the United States.

  • The fur trade has been a significant industry worldwide for centuries, with fur dealers playing a crucial role in the trade. In the 16th and 17th centuries, the fur trade was a significant driver of the global economy, with European powers such as France, England, and the Netherlands competing for control of the trade. The industry saw significant growth in the 19th century, with the development of new technologies such as the steam engine and the expansion of the railroad system, which made it easier to transport furs across long distances. In the United States, the fur trade played a significant role in the country's early history, with fur traders exploring and settling new territories. In recent history, the fur industry has faced significant challenges due to changing consumer attitudes towards animal welfare and environmental concerns. However, the industry has adapted to these challenges by developing new technologies and sustainable practices to ensure the continued viability of the industry.

Future Outlook for Fur-Dealers (Wholesale)

The anticipated future trajectory of the NAICS 424350-50 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 Fur-Dealers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for fur products in the fashion industry. The rise in disposable income and changing fashion trends are also expected to contribute to the growth of the industry. However, the industry may face challenges due to the increasing concerns about animal welfare and the use of fur products. The industry is expected to adapt to these challenges by using alternative materials and sustainable practices. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424350-50

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

  • Faux Fur Products: With the increasing concerns about animal welfare, many companies in the Fur-Dealers (Wholesale) industry are now offering faux fur products. These products are made from synthetic materials that mimic the look and feel of real fur. This innovation has helped the industry to cater to the changing demands of consumers who are looking for more ethical and sustainable products.
  • Sustainable Practices: Many companies in the industry are now adopting sustainable practices to reduce their environmental impact. This includes using eco-friendly materials, reducing waste, and implementing energy-efficient processes. This innovation has helped the industry to become more environmentally responsible and appeal to consumers who are looking for sustainable products.
  • Online Sales: The rise of e-commerce has had a significant impact on the Fur-Dealers (Wholesale) industry. Many companies are now selling their products online, which has helped them to reach a wider audience and increase their sales. This innovation has also made it easier for consumers to purchase fur products from the comfort of their own homes.
  • Customization: Many companies in the industry are now offering customized fur products to their customers. This innovation has helped the industry to cater to the individual needs and preferences of consumers, which has increased customer satisfaction and loyalty.
  • Collaboration with Fashion Designers: Many companies in the industry are now collaborating with fashion designers to create unique and innovative fur products. This innovation has helped the industry to stay relevant and appeal to the changing fashion trends.

NAICS Code 424350-50 - Fur-Dealers (Wholesale)

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