NAICS Code 449210-95 - Video Tapes Discs & Cassettes (Retail)
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NAICS Code 449210-95 Description (8-Digit)
Hierarchy Navigation for NAICS Code 449210-95
Parent Code (less specific)
Tools
Tools commonly used in the Video Tapes Discs & Cassettes (Retail) industry for day-to-day tasks and operations.
- Point of sale (POS) systems
- Barcode scanners
- Inventory management software
- Security systems (e.g. cameras, alarms)
- Cash registers
- Shrink wrap machines
- Display racks and shelves
- Price tag guns
- Cleaning supplies (e.g. disc cleaners)
- Shipping and packaging supplies
Industry Examples of Video Tapes Discs & Cassettes (Retail)
Common products and services typical of NAICS Code 449210-95, illustrating the main business activities and contributions to the market.
- DVD movies
- Blu-ray movies
- Music CDs
- Cassette tapes
- TV show box sets
- Concert DVDs
- Children's movies
- Documentary films
- Classic movies
- Foreign films
Certifications, Compliance and Licenses for NAICS Code 449210-95 - Video Tapes Discs & Cassettes (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Federal Communications Commission (FCC) License: A license required for businesses that operate radio communication equipment in the United States. The FCC regulates interstate and international communications by radio, television, wire, satellite, and cable in all 50 states, the District of Columbia, and U.S. territories.
- Retail Sales Tax License: A license required for businesses that sell tangible personal property at retail in the United States. This license is issued by the state government and allows businesses to collect sales tax from customers.
- Business License: A license required for businesses to operate legally in the United States. This license is issued by the state government and ensures that businesses comply with local laws and regulations.
- Occupational Safety and Health Administration (OSHA) Certification: A certification required for businesses that handle hazardous materials in the United States. OSHA is a federal agency that sets and enforces safety and health standards for businesses.
- Environmental Protection Agency (EPA) Certification: A certification required for businesses that handle hazardous waste in the United States. The EPA is a federal agency that regulates the disposal of hazardous waste to protect human health and the environment.
History
A concise historical narrative of NAICS Code 449210-95 covering global milestones and recent developments within the United States.
- The "Video Tapes Discs & Cassettes (Retail)" industry has a rich history that dates back to the 1970s when the first VHS tapes were introduced. The industry experienced a boom in the 1980s and 1990s with the introduction of DVDs and the rise of video rental stores. However, with the advent of digital streaming services, the industry has seen a decline in recent years. In the United States, the industry has seen a significant decline since 2000, with sales dropping from $8.5 billion in 2000 to $1.2 billion in 2019. Despite this decline, the industry has seen a resurgence in recent years due to the popularity of vinyl records and the nostalgia factor associated with physical media.
Future Outlook for Video Tapes Discs & Cassettes (Retail)
The anticipated future trajectory of the NAICS 449210-95 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Shrinking
The future outlook for the Video Tapes Discs & Cassettes (Retail) industry in the USA is not very optimistic. The industry has been in decline for several years due to the rise of digital media and streaming services. The COVID-19 pandemic has further accelerated this decline as more people are staying at home and consuming media digitally. According to IBISWorld, the industry is expected to continue declining at an annualized rate of 16.5% over the next five years. However, some specialty retailers may be able to survive by offering unique products and experiences that cannot be found online.
Industry Innovations for NAICS Code 449210-95
Recent groundbreaking advancements and milestones in the Video Tapes Discs & Cassettes (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Vinyl Records: Vinyl records have made a comeback in recent years, with sales increasing every year since 2006. Many music enthusiasts prefer the sound quality and tactile experience of vinyl records over digital music. Some retailers have capitalized on this trend by offering a wide selection of vinyl records and turntables.
- Limited Edition Releases: Some retailers have started offering limited edition releases of movies and music on physical media. These releases often include exclusive artwork, behind-the-scenes content, and other special features that cannot be found online.
- Nostalgia Products: Some retailers have started offering retro products such as VHS tapes and cassette tapes. These products appeal to consumers who are nostalgic for the media of their youth.
- Personalized Recommendations: Some retailers have started offering personalized recommendations to customers based on their viewing and listening history. This helps customers discover new products that they may be interested in.
- In-Store Events: Some retailers have started hosting in-store events such as movie screenings and live music performances. These events offer customers a unique experience that cannot be found online.
NAICS Code 449210-95 - Video Tapes Discs & Cassettes (Retail)
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