NAICS Code 424350-58 - Hosiery (Wholesale)
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NAICS Code 424350-58 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424350-58
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Tools
Tools commonly used in the Hosiery (Wholesale) industry for day-to-day tasks and operations.
- Hosiery knitting machines
- Sewing machines
- Cutting machines
- Embroidery machines
- Dyeing machines
- Packaging machines
- Labeling machines
- Heat press machines
- Steamers
- Irons
Industry Examples of Hosiery (Wholesale)
Common products and services typical of NAICS Code 424350-58, illustrating the main business activities and contributions to the market.
- Athletic socks
- Compression stockings
- Dance tights
- Fashion stockings
- Knee-high socks
- Leg warmers
- Medical hosiery
- Pantyhose
- Sheer stockings
- Thigh-high stockings
Certifications, Compliance and Licenses for NAICS Code 424350-58 - Hosiery (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Oeko-Tex Standard 100: This certification ensures that the hosiery products are free from harmful substances and are safe for human use. It is provided by the International Association for Research and Testing in the Field of Textile Ecology (Oeko-Tex).
- Global Organic Textile Standard (GOTS): This certification ensures that the hosiery products are made from organic fibers and meet environmental and social criteria. It is provided by the Global Organic Textile Standard.
- ISO 9001: This certification ensures that the hosiery products meet quality management standards. It is provided by the International Organization for Standardization (ISO).
- ISO 14001: This certification ensures that the hosiery products meet environmental management standards. It is provided by the International Organization for Standardization (ISO).
- Fair Trade Certified: This certification ensures that the hosiery products are produced in a socially and environmentally responsible manner and that the workers are paid fair wages. It is provided by Fair Trade USA.
History
A concise historical narrative of NAICS Code 424350-58 covering global milestones and recent developments within the United States.
- The hosiery industry has a long history dating back to the 16th century when it was first introduced in Europe. The first knitting machine was invented in 1589, which revolutionized the industry and made it possible to produce hosiery on a large scale. In the 19th century, the industry saw significant growth with the introduction of new materials such as silk and cotton. The invention of nylon in the 1930s further revolutionized the industry, making it possible to produce hosiery that was more durable and affordable. In recent history, the hosiery industry in the United States has faced challenges due to the rise of athleisure wear and the decline of formal wear. However, the industry has adapted by introducing new products such as compression socks and tights, which have gained popularity among consumers.
Future Outlook for Hosiery (Wholesale)
The anticipated future trajectory of the NAICS 424350-58 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 hosiery wholesale industry in the USA is expected to grow in the coming years due to the increasing demand for hosiery products. The industry is expected to benefit from the growing popularity of athleisure wear, which includes leggings and other hosiery products. Additionally, the increasing awareness of the health benefits of compression hosiery is expected to drive demand for these products. The industry is also expected to benefit from the growing trend of online shopping, which is making it easier for consumers to purchase hosiery products. However, the industry may face challenges due to the increasing competition from low-cost imports and the rising cost of raw materials. Overall, the hosiery wholesale industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 424350-58
Recent groundbreaking advancements and milestones in the Hosiery (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Hosiery: Smart hosiery products are being developed that can monitor the wearer's health and fitness levels. These products can track the wearer's heart rate, steps taken, and other health metrics, making them popular among fitness enthusiasts.
- Sustainable Hosiery: Sustainable hosiery products are being developed that are made from eco-friendly materials such as recycled nylon and organic cotton. These products are becoming increasingly popular among environmentally conscious consumers.
- Anti-Microbial Hosiery: Anti-microbial hosiery products are being developed that can prevent the growth of bacteria and fungi, making them ideal for people with foot odor or other foot-related issues.
- Compression Hosiery: Compression hosiery products are becoming increasingly popular among athletes and people with circulation issues. These products can improve blood flow and reduce swelling in the legs.
- Fashion Hosiery: Fashion hosiery products are becoming increasingly popular among consumers who want to make a fashion statement. These products come in a wide range of colors and patterns and can be worn with a variety of outfits.
NAICS Code 424350-58 - Hosiery (Wholesale)
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