NAICS Code 424990-58 - Leather Goods & Clothes (Wholesale)
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NAICS Code 424990-58 Description (8-Digit)
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Tools
Tools commonly used in the Leather Goods & Clothes (Wholesale) industry for day-to-day tasks and operations.
- Leather cutting machine
- Sewing machine
- Leather skiving machine
- Leather embossing machine
- Leather edge finishing machine
- Leather splitting machine
- Leather stamping machine
- Leather measuring tape
- Leather hole punch
- Leather stitching awl
- Leather glue
- Leather dye
- Leather conditioner
- Leather cleaning brush
- Leather buffing wheel
- Leather hammer
- Leather needles
- Leather thread
- Leather scissors
- Leather edge beveler
Industry Examples of Leather Goods & Clothes (Wholesale)
Common products and services typical of NAICS Code 424990-58, illustrating the main business activities and contributions to the market.
- Leather jackets
- Leather belts
- Leather bags
- Leather wallets
- Leather shoes
- Leather boots
- Leather gloves
- Leather hats
- Leather watch bands
- Leather bracelets
- Leather keychains
- Leather passport holders
- Leather phone cases
- Leather desk accessories
- Leather portfolios
- Leather luggage tags
- Leather dog collars
- Leather horse riding equipment
- Leather furniture upholstery
Certifications, Compliance and Licenses for NAICS Code 424990-58 - Leather Goods & Clothes (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Leather Working Group Certification: This certification is awarded to companies that meet the environmental standards set by the Leather Working Group. It ensures that the leather used in the products is produced in an environmentally responsible way. The certification is provided by the Leather Working Group.
- Global Organic Textile Standard (GOTS): This certification is awarded to companies that meet the environmental and social standards set by the Global Organic Textile Standard. It ensures that the leather used in the products is produced in an environmentally responsible way and that the workers involved in the production are treated fairly. The certification is provided by the Global Organic Textile Standard.
- Fair Trade Certified: This certification is awarded to companies that meet the social and environmental standards set by Fair Trade USA. It ensures that the workers involved in the production of the leather goods are treated fairly and that the production process is environmentally responsible. The certification is provided by Fair Trade USA.
- ISO 9001: This certification is awarded to companies that meet the quality management standards set by the International Organization for Standardization. It ensures that the company has a quality management system in place that meets the needs of its customers and stakeholders. The certification is provided by the International Organization for Standardization.
- ISO 14001: This certification is awarded to companies that meet the environmental management standards set by the International Organization for Standardization. It ensures that the company has an environmental management system in place that meets the needs of its customers and stakeholders. The certification is provided by the International Organization for Standardization.
History
A concise historical narrative of NAICS Code 424990-58 covering global milestones and recent developments within the United States.
- The Leather Goods & Clothes (Wholesale) industry has a long and rich history dating back to ancient times. Leather was used for clothing, footwear, and accessories by ancient civilizations such as the Greeks, Romans, and Egyptians. In the Middle Ages, leather goods became a symbol of wealth and status, and the industry grew rapidly. The Industrial Revolution brought new technologies and mass production, making leather goods more affordable and accessible to the general public. In the United States, the industry experienced significant growth in the 20th century, with the rise of fashion and the popularity of leather jackets, handbags, and shoes. In recent years, the industry has faced challenges due to changing consumer preferences and the rise of e-commerce.
Future Outlook for Leather Goods & Clothes (Wholesale)
The anticipated future trajectory of the NAICS 424990-58 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 leather goods and clothes wholesale industry in the USA is expected to grow in the coming years due to the increasing demand for leather products in the fashion industry. The industry is also expected to benefit from the growing e-commerce market, which has made it easier for wholesalers to reach a wider audience. However, the industry may face challenges due to the increasing competition from low-cost imports and the rising popularity of sustainable and eco-friendly products. Overall, the industry is expected to experience moderate growth in the coming years.
Industry Innovations for NAICS Code 424990-58
Recent groundbreaking advancements and milestones in the Leather Goods & Clothes (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Clothing: The development of smart clothing, which incorporates technology such as sensors and microchips, has opened up new opportunities for the leather goods and clothes wholesale industry. Smart clothing can be used in a variety of applications, including sports and fitness, healthcare, and military.
- Sustainable Materials: The industry has seen a growing demand for sustainable and eco-friendly materials, such as recycled leather and plant-based alternatives. This trend is expected to continue in the coming years as consumers become more environmentally conscious.
- Customization: Many wholesalers are now offering customization services, allowing customers to personalize their leather goods and clothes. This trend has been driven by the growing demand for unique and personalized products.
- Online Marketplaces: The rise of online marketplaces such as Amazon and Alibaba has made it easier for wholesalers to reach a wider audience. These platforms offer a range of benefits, including increased visibility, lower overhead costs, and access to a global customer base.
- 3D Printing: The use of 3D printing technology has opened up new possibilities for the industry, allowing wholesalers to create complex and intricate designs with ease. This technology has also made it easier to produce small batches of products, reducing waste and increasing efficiency.
NAICS Code 424990-58 - Leather Goods & Clothes (Wholesale)
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