NAICS Code 449210-94 - Records Tapes & Compact Discs (Retail)

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NAICS Code 449210-94 Description (8-Digit)

The Records Tapes & Compact Discs (Retail) industry involves the sale of physical music media such as vinyl records, cassette tapes, and CDs to consumers. This industry also includes the sale of music-related merchandise such as posters, t-shirts, and other memorabilia. The industry has undergone significant changes in recent years due to the rise of digital music streaming services, but it still remains a popular choice for music enthusiasts who prefer physical media.

Hierarchy Navigation for NAICS Code 449210-94

Tools

Tools commonly used in the Records Tapes & Compact Discs (Retail) industry for day-to-day tasks and operations.

  • Record cleaning kits
  • Turntables
  • Cassette tape players
  • CD players
  • Vinyl record sleeves
  • Record storage crates
  • Headphones
  • Speakers
  • Amplifiers
  • Preamps

Industry Examples of Records Tapes & Compact Discs (Retail)

Common products and services typical of NAICS Code 449210-94, illustrating the main business activities and contributions to the market.

  • Vinyl records
  • Cassette tapes
  • CDs
  • Music posters
  • Band t-shirts
  • Concert tickets
  • Record players
  • Music box sets
  • Limited edition vinyl releases
  • Music magazines

Certifications, Compliance and Licenses for NAICS Code 449210-94 - Records Tapes & Compact Discs (Retail)

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

  • Federal Communications Commission (FCC) License: Required for businesses that sell or distribute electronic devices that emit radio frequency energy, such as radios, televisions, and cell phones. The FCC provides a guide on how to obtain a license on their website:
  • Occupational Safety and Health Administration (OSHA) Certification: Required for businesses that handle hazardous materials, such as batteries and electronic waste. OSHA provides a guide on how to obtain certification on their website:
  • Retail Sales Tax License: Required for businesses that sell goods directly to consumers. The requirements for obtaining a license vary by state, but most states have an online application process.
  • Business License: Required for all businesses operating in the United States. The requirements for obtaining a license vary by state and local jurisdiction, but most states have an online application process.
  • Environmental Protection Agency (EPA) Certification: Required for businesses that handle refrigerants, such as those used in air conditioning and refrigeration systems. The EPA provides a guide on how to obtain certification on their website:

History

A concise historical narrative of NAICS Code 449210-94 covering global milestones and recent developments within the United States.

  • The "Records Tapes & Compact Discs (Retail)" industry has a long and rich history dating back to the late 19th century when the first phonograph was invented. The industry has gone through several transformations over the years, from the introduction of vinyl records in the 1940s to the rise of cassette tapes in the 1970s and the introduction of compact discs in the 1980s. The industry experienced a significant decline in the early 2000s due to the rise of digital music and the introduction of MP3 players. However, vinyl records have made a comeback in recent years, with sales increasing steadily since 2006. In the United States, the industry has been dominated by large retail chains such as Tower Records and Virgin Megastores, which have since gone bankrupt. The industry has also seen the rise of independent record stores, which have become popular among music enthusiasts. Overall, the "Records Tapes & Compact Discs (Retail)" industry has a rich history and has gone through several transformations over the years.

Future Outlook for Records Tapes & Compact Discs (Retail)

The anticipated future trajectory of the NAICS 449210-94 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Shrinking

    The future outlook for the Records Tapes & Compact Discs (Retail) industry in the USA is uncertain. The industry has been in decline for years due to the rise of digital music and streaming services. The COVID-19 pandemic has further accelerated this decline as more consumers turn to online music streaming services. However, there is still a market for physical music media, particularly among collectors and audiophiles. The industry may be able to survive by catering to this niche market and offering exclusive and high-quality physical media products. Additionally, some retailers have started to diversify their offerings by selling vinyl records, turntables, and other music-related merchandise. Overall, the industry will need to adapt to changing consumer preferences and find new ways to remain relevant in the digital age.

Industry Innovations for NAICS Code 449210-94

Recent groundbreaking advancements and milestones in the Records Tapes & Compact Discs (Retail) industry, reflecting notable innovations that have reshaped its landscape.

  • Vinyl Records: Vinyl records have made a comeback in recent years, with sales increasing steadily since 2006. This trend has been driven by audiophiles and collectors who appreciate the warm, analog sound of vinyl. Many retailers have started to offer a wide selection of vinyl records, including new releases and reissues of classic albums.
  • Turntables: With the resurgence of vinyl records, turntables have also become popular again. Many retailers now offer a range of turntables, from entry-level models to high-end audiophile equipment. Some retailers have even started to offer turntable repair and maintenance services.
  • Limited Edition Releases: To cater to collectors and fans, many record labels now release limited edition vinyl records with unique packaging and artwork. These releases are often highly sought after and can command high prices on the secondary market.
  • Music-Related Merchandise: To diversify their offerings, many retailers now sell music-related merchandise such as t-shirts, posters, and other memorabilia. This allows them to appeal to a wider audience and generate additional revenue.
  • In-Store Events: To attract customers and create a sense of community, some retailers now host in-store events such as live music performances, album release parties, and meet-and-greets with artists. These events can help to create a loyal customer base and generate buzz for the store.

NAICS Code 449210-94 - Records Tapes & Compact Discs (Retail)

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