NAICS Code 455110-02 - Government-Department Stores (Retail)
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NAICS Code 455110-02 Description (8-Digit)
Hierarchy Navigation for NAICS Code 455110-02
Parent Code (less specific)
Tools
Tools commonly used in the Government-Department Stores (Retail) industry for day-to-day tasks and operations.
- Point of Sale (POS) systems
- Inventory management software
- Barcode scanners
- Cash registers
- Electronic payment systems
- Customer relationship management (CRM) software
- Electronic shelf labels
- Price scanners
- Handheld mobile devices for inventory management
- Security cameras and alarms
Industry Examples of Government-Department Stores (Retail)
Common products and services typical of NAICS Code 455110-02, illustrating the main business activities and contributions to the market.
- Military Exchange
- Commissary
- Government Employee Store
- Federal Employee Store
- Armed Forces Store
Certifications, Compliance and Licenses for NAICS Code 455110-02 - Government-Department Stores (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Retail Sales Tax Permit: A permit required by the state government to sell taxable goods or services. The permit is issued by the state's Department of Revenue or similar agency. [source]
- Occupational Safety and Health Administration (OSHA) Certification: A certification that ensures the workplace is safe and healthy for employees. It is issued by the Occupational Safety and Health Administration (OSHA). [source]
- Environmental Protection Agency (EPA) Certification: A certification that ensures the business is compliant with environmental regulations. It is issued by the Environmental Protection Agency (EPA). [source]
- Food and Drug Administration (FDA) Certification: A certification that ensures the business is compliant with food and drug regulations. It is issued by the Food and Drug Administration (FDA). [source]
- Consumer Product Safety Commission (CPSC) Certification: A certification that ensures the business is compliant with consumer product safety regulations. It is issued by the Consumer Product Safety Commission (CPSC). [source]
History
A concise historical narrative of NAICS Code 455110-02 covering global milestones and recent developments within the United States.
- The Government-Department Stores (Retail) industry has a long history dating back to the 19th century. The first department store, Bon Marché, was opened in Paris in 1852, and it quickly became a model for other department stores around the world. In the United States, the first department store was opened in 1858 by Rowland Hussey Macy in New York City. The industry continued to grow throughout the 20th century, with the introduction of new technologies such as escalators, air conditioning, and fluorescent lighting. In recent years, the industry has faced challenges due to the rise of e-commerce and changing consumer preferences. However, many department stores have adapted by offering online shopping and in-store experiences that cannot be replicated online.
Future Outlook for Government-Department Stores (Retail)
The anticipated future trajectory of the NAICS 455110-02 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 Government-Department Stores (Retail) industry in the USA is expected to face challenges in the coming years due to the increasing competition from online retailers. However, the industry is also expected to benefit from the growing demand for convenience and the need for immediate gratification. The industry is also expected to benefit from the increasing demand for locally sourced products and the growing trend of buying American-made products. The industry is also expected to benefit from the increasing demand for personalized shopping experiences and the growing trend of experiential retail. Overall, the industry is expected to experience moderate growth in the coming years.
Industry Innovations for NAICS Code 455110-02
Recent groundbreaking advancements and milestones in the Government-Department Stores (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Contactless Payment Options: Many Government-Department Stores (Retail) in the USA have started offering contactless payment options to their customers to provide a safer and more convenient shopping experience.
- Curbside Pickup: Many Government-Department Stores (Retail) in the USA have started offering curbside pickup options to their customers to provide a more convenient and contactless shopping experience.
- Online Shopping: Many Government-Department Stores (Retail) in the USA have started offering online shopping options to their customers to provide a more convenient shopping experience.
- Personalized Shopping Experiences: Many Government-Department Stores (Retail) in the USA have started offering personalized shopping experiences to their customers to provide a more engaging and memorable shopping experience.
- Experiential Retail: Many Government-Department Stores (Retail) in the USA have started offering experiential retail options to their customers to provide a more engaging and memorable shopping experience.
NAICS Code 455110-02 - Government-Department Stores (Retail)
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