NAICS Code 424350-68 - Swimwear & Accessories (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

15

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NAICS Code 424350-68 Description (8-Digit)

The Swimwear & Accessories (Wholesale) industry involves the distribution of swimwear and related accessories to retailers and other businesses. This industry includes wholesalers that specialize in the distribution of swimwear, beachwear, and other related accessories such as sunglasses, hats, and beach bags. The industry is highly seasonal, with sales peaking during the summer months. Wholesalers in this industry typically purchase products from manufacturers and sell them to retailers at a markup.

Hierarchy Navigation for NAICS Code 424350-68

Tools

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

  • Swimwear sizing charts
  • Swimwear hangers
  • Swimwear mannequins
  • UV protection testers
  • Fabric cutting machines
  • Heat press machines
  • Sewing machines
  • Tagging guns
  • Barcode scanners
  • Inventory management software

Industry Examples of Swimwear & Accessories (Wholesale)

Common products and services typical of NAICS Code 424350-68, illustrating the main business activities and contributions to the market.

  • Bikinis
  • Board shorts
  • Cover-ups
  • Rash guards
  • Sunglasses
  • Sun hats
  • Beach bags
  • Flip flops
  • Sandals
  • Beach towels

Certifications, Compliance and Licenses for NAICS Code 424350-68 - Swimwear & Accessories (Wholesale)

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

  • Consumer Product Safety Improvement Act (CPSIA): The CPSIA regulates the safety of consumer products, including swimwear and accessories. It requires that all products meet certain safety standards and be tested by a third-party laboratory. The Consumer Product Safety Commission (CPSC) provides more information on the requirements and how to comply with them.
  • Occupational Safety and Health Administration (OSHA) Certification: OSHA certification is required for businesses that deal with hazardous materials or chemicals. This certification ensures that employees are trained in the proper handling and disposal of these materials. The OSHA website provides more information on the certification process and requirements.
  • National Marine Manufacturers Association (NMMA) Certification: The NMMA certification is required for businesses that manufacture or sell boats and marine products, including swimwear and accessories. This certification ensures that products meet certain safety and quality standards. The NMMA website provides more information on the certification process and requirements.
  • International Organization for Standardization (ISO) Certification: ISO certification is a globally recognized standard for quality management systems. It ensures that businesses have a consistent approach to quality and customer satisfaction. The ISO website provides more information on the certification process and requirements.
  • Global Organic Textile Standard (GOTS) Certification: GOTS certification is required for businesses that produce or sell organic textiles, including swimwear and accessories. This certification ensures that products meet certain environmental and social criteria. The GOTS website provides more information on the certification process and requirements.

History

A concise historical narrative of NAICS Code 424350-68 covering global milestones and recent developments within the United States.

  • The swimwear industry has a long history dating back to ancient civilizations such as Greece and Rome, where swimming was a popular activity. However, the modern swimwear industry began in the 19th century when swimsuits were first introduced as a fashion item. In the early 1900s, swimwear became more practical and functional, with the introduction of new materials such as nylon and spandex. The industry continued to evolve throughout the 20th century, with the introduction of new styles such as the bikini in the 1940s and the one-piece swimsuit in the 1960s. In recent years, the industry has seen a growing trend towards sustainable and eco-friendly swimwear, with many companies using recycled materials and environmentally friendly production methods. In the United States, the swimwear industry has a rich history dating back to the early 1900s. In the 1920s, swimwear became more streamlined and practical, with the introduction of new materials such as rayon and latex. The 1950s saw the introduction of new styles such as the two-piece swimsuit and the bikini, which became increasingly popular throughout the 1960s and 1970s. In recent years, the industry has seen a growing trend towards inclusivity and diversity, with many companies offering a wider range of sizes and styles to cater to different body types and preferences. Additionally, the rise of social media has had a significant impact on the industry, with many companies using platforms such as Instagram to showcase their products and connect with customers.

Future Outlook for Swimwear & Accessories (Wholesale)

The anticipated future trajectory of the NAICS 424350-68 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The swimwear and accessories wholesale industry in the USA is expected to grow in the coming years due to the increasing popularity of water sports and outdoor activities. The industry is also expected to benefit from the growing trend of athleisure wear, which includes swimwear that can be worn for both swimming and other physical activities. Additionally, the rise of e-commerce is expected to boost the industry as more consumers are turning to online shopping for their swimwear needs. However, the industry may face challenges due to the impact of the COVID-19 pandemic on the tourism industry, which may affect the demand for swimwear and accessories. Overall, the industry is expected to experience moderate growth in the coming years.

Industry Innovations for NAICS Code 424350-68

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

  • Sustainable Swimwear: Many companies in the swimwear and accessories wholesale industry are now focusing on sustainability by using eco-friendly materials such as recycled nylon and polyester to create their products.
  • Inclusive Sizing: Several brands are now offering swimwear in a wider range of sizes to cater to a more diverse customer base.
  • Smart Swimwear: Some companies are incorporating technology into their swimwear products, such as UV protection and moisture-wicking properties.
  • Customizable Swimwear: A few brands are offering customizable swimwear options, allowing customers to choose their preferred style, color, and size.
  • Swimwear with Built-In Sun Protection: With the increasing awareness of the harmful effects of the sun, many companies are now offering swimwear with built-in sun protection to provide an extra layer of protection for their customers.

NAICS Code 424350-68 - Swimwear & Accessories (Wholesale)

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