NAICS Code 424350-72 - Women's Accessories (Wholesale)
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NAICS Code 424350-72 Description (8-Digit)
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Tools
Tools commonly used in the Women's Accessories (Wholesale) industry for day-to-day tasks and operations.
- Jewelry displays
- Mannequins
- Price tags
- Barcode scanners
- Packaging materials
- Shipping labels
- Display cases
- Hangers
- Shelving units
- Tagging guns
- Sizing charts
- Inventory management software
- Point of sale systems
- Security tags
- Pliers
- Scissors
- Staple guns
- Tape measures
- Glue guns
- Sewing machines
Industry Examples of Women's Accessories (Wholesale)
Common products and services typical of NAICS Code 424350-72, illustrating the main business activities and contributions to the market.
- Fashion jewelry
- Leather handbags
- Silk scarves
- Wool hats
- Beaded belts
- Sunglasses
- Hair accessories
- Gloves
- Watches
- Tights
- Socks
- Umbrellas
- Phone cases
- Keychains
- Wallets
- Backpacks
- Travel accessories
- Cosmetic bags
- Belts with buckles
- Headbands
Certifications, Compliance and Licenses for NAICS Code 424350-72 - Women's Accessories (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Fair Trade Certification: This certification ensures that the products are ethically sourced and produced, and that the workers involved in the production process are treated fairly. The Fair Trade USA organization provides this certification.
- Global Organic Textile Standard (GOTS): This certification ensures that the products are made from organic fibers and that the production process meets environmental and social criteria. The Global Organic Textile Standard organization provides this certification.
- Responsible Jewellery Council (RJC) Certification: This certification ensures that the jewelry products are ethically sourced and produced, and that the workers involved in the production process are treated fairly. The Responsible Jewellery Council provides this certification.
- Women's Business Enterprise National Council (WBENC) Certification: This certification ensures that the business is at least 51% owned, controlled, operated, and managed by women. The Women's Business Enterprise National Council provides this certification.
- Minority Business Enterprise (MBE) Certification: This certification ensures that the business is at least 51% owned, controlled, operated, and managed by minority individuals. The National Minority Supplier Development Council provides this certification.
History
A concise historical narrative of NAICS Code 424350-72 covering global milestones and recent developments within the United States.
- The Women's Accessories (Wholesale) industry has a long history dating back to ancient times when women used accessories to adorn themselves. In the 19th century, women's accessories became more popular and were produced in larger quantities. The industry continued to grow in the 20th century, with the introduction of new materials and designs. In the United States, the industry experienced significant growth in the 1920s, with the rise of the flapper style. In the 1960s, the industry saw a shift towards more casual and bohemian styles. In recent years, the industry has been influenced by technology, with the rise of e-commerce and social media.
Future Outlook for Women's Accessories (Wholesale)
The anticipated future trajectory of the NAICS 424350-72 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Women's Accessories (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for accessories such as jewelry, handbags, and scarves. The rise of e-commerce has also made it easier for wholesalers to reach a wider audience, which is expected to contribute to the growth of the industry. Additionally, the increasing popularity of sustainable and ethically sourced products is expected to drive demand for eco-friendly accessories. However, the industry may face challenges such as increasing competition and changing consumer preferences. Overall, the Women's Accessories (Wholesale) industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 424350-72
Recent groundbreaking advancements and milestones in the Women's Accessories (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Personalized Accessories: Many wholesalers are now offering personalized accessories such as monogrammed jewelry and customized handbags. This trend has become increasingly popular in recent years, as consumers seek unique and personalized products.
- Sustainable Materials: The use of sustainable materials such as recycled plastic and organic cotton is becoming more common in the Women's Accessories (Wholesale) industry. This trend is driven by increasing consumer demand for eco-friendly products.
- Smart Accessories: Some wholesalers are now offering smart accessories such as bags with built-in charging ports and jewelry that can track fitness data. This trend is expected to become more popular in the coming years as consumers seek products that combine fashion and technology.
- Social Media Marketing: Many wholesalers are now using social media platforms such as Instagram and Facebook to market their products. This trend has become increasingly important in recent years, as social media has become a key way for businesses to reach consumers.
- Virtual Showrooms: Some wholesalers are now offering virtual showrooms, which allow buyers to view products online in a 3D environment. This trend has become more popular in recent years due to the COVID-19 pandemic, which has made it difficult for buyers to attend physical trade shows.
NAICS Code 424350-72 - Women's Accessories (Wholesale)
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