NAICS Code 424350-73 - Women's Apparel (Wholesale)
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NAICS Code 424350-73 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424350-73
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Tools
Tools commonly used in the Women's Apparel (Wholesale) industry for day-to-day tasks and operations.
- Inventory management software
- Customer relationship management (CRM) software
- Point of sale (POS) systems
- Electronic data interchange (EDI) software
- Shipping and logistics software
- Product design software
- Accounting software
- Forecasting and demand planning software
- Product lifecycle management (PLM) software
- Quality control and inspection tools
Industry Examples of Women's Apparel (Wholesale)
Common products and services typical of NAICS Code 424350-73, illustrating the main business activities and contributions to the market.
- Women's dresses
- Women's skirts
- Women's blouses
- Women's pants
- Women's jackets
- Women's jewelry
- Women's handbags
- Women's scarves
- Women's hats
- Women's belts
Certifications, Compliance and Licenses for NAICS Code 424350-73 - Women's Apparel (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Fair Trade Certified: Fair Trade Certified is a certification program that ensures that the products are ethically sourced and produced. It ensures that the workers involved in the production of the product are paid fairly and work in safe conditions. Fair Trade USA provides this certification.
- Global Organic Textile Standard (GOTS): GOTS is a certification program that ensures that the textile products are made from organic fibers and are produced in an environmentally and socially responsible manner. It covers the entire supply chain from harvesting to labeling. The certification is provided by the Global Organic Textile Standard International Working Group.
- WRAP Certification: WRAP (Worldwide Responsible Accredited Production) Certification is a certification program that ensures that the products are produced in a socially and environmentally responsible manner. It covers areas such as child labor, forced labor, health and safety, and environmental practices. The certification is provided by Worldwide Responsible Accredited Production.
- OEKO-TEX Standard 100: OEKO-TEX Standard 100 is a certification program that ensures that the textile products are free from harmful substances and are safe for human use. It covers all stages of production, from raw materials to finished products. The certification is provided by the International Association for Research and Testing in the Field of Textile Ecology.
- National Association Of Wholesaler-Distributors (NAW) Certification: NAW Certification is a certification program that provides education and training to wholesale distributors. It covers areas such as management, sales, marketing, and operations. The certification is provided by the National Association of Wholesaler-Distributors.
History
A concise historical narrative of NAICS Code 424350-73 covering global milestones and recent developments within the United States.
- The Women's Apparel (Wholesale) industry has a long and rich history dating back to the 19th century. In the early days, women's clothing was made by hand, and the industry was dominated by small, local businesses. However, with the advent of the Industrial Revolution, the industry began to change rapidly. The introduction of sewing machines and other manufacturing technologies made it possible to produce clothing on a much larger scale, and the industry began to grow rapidly. In the United States, the industry really took off in the 1920s, as women's fashion became more diverse and sophisticated. Since then, the industry has continued to evolve, with new materials, designs, and manufacturing techniques constantly being developed. In recent years, the Women's Apparel (Wholesale) industry in the United States has faced a number of challenges. One of the biggest challenges has been the rise of online shopping, which has made it easier for consumers to buy clothing directly from retailers. This has put pressure on wholesalers to adapt to changing market conditions and find new ways to reach customers. Another challenge has been the increasing competition from overseas manufacturers, who are able to produce clothing at lower cost. Despite these challenges, the industry has remained resilient, and many wholesalers have found ways to thrive in the changing market.
Future Outlook for Women's Apparel (Wholesale)
The anticipated future trajectory of the NAICS 424350-73 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 Women's Apparel (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for women's clothing. The rise in disposable income and the growing fashion consciousness among women are the major factors driving the growth of the industry. The industry is also expected to benefit from the increasing popularity of online shopping. However, the industry may face challenges due to the increasing competition from low-cost imports and the changing consumer preferences. The industry players need to focus on innovation and quality to stay competitive in the market.
Industry Innovations for NAICS Code 424350-73
Recent groundbreaking advancements and milestones in the Women's Apparel (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Sustainable Clothing: Many companies in the Women's Apparel (Wholesale) industry are focusing on sustainable clothing. They are using eco-friendly materials and production methods to reduce the environmental impact of the industry.
- Customization: Some companies are offering customization options to their customers. They are allowing customers to design their own clothes and choose the fabric, color, and style.
- Augmented Reality: Some companies are using augmented reality technology to enhance the shopping experience of their customers. They are allowing customers to try on clothes virtually before making a purchase.
- Social Media Marketing: Many companies are using social media platforms to market their products. They are collaborating with influencers and using social media ads to reach their target audience.
- Fast Fashion: Some companies are adopting the fast fashion model to cater to the changing consumer preferences. They are producing clothes quickly and at a low cost to stay competitive in the market.
NAICS Code 424350-73 - Women's Apparel (Wholesale)
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