NAICS Code 455110-03 - Retail Shops

Marketing Level - NAICS 8-Digit

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NAICS Code 455110-03 Description (8-Digit)

Retail Shops are establishments that sell a variety of goods directly to consumers. These shops can be small independent stores or part of a larger chain. Retail shops typically have a physical storefront where customers can browse and purchase products. The products sold in retail shops can range from clothing and accessories to electronics and home goods. Retail shops may also offer services such as alterations or repairs.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 455110 page

Tools

Tools commonly used in the Retail Shops industry for day-to-day tasks and operations.

  • Point of Sale (POS) System
  • Barcode Scanner
  • Cash Register
  • Inventory Management Software
  • Customer Relationship Management (CRM) Software
  • Electronic Payment System
  • Security Cameras
  • Pricing Gun
  • Display Cases
  • Shopping Bags

Industry Examples of Retail Shops

Common products and services typical of NAICS Code 455110-03, illustrating the main business activities and contributions to the market.

  • Clothing Stores
  • Electronics Stores
  • Home Goods Stores
  • Pet Stores
  • Toy Stores
  • Bookstores
  • Sporting Goods Stores
  • Jewelry Stores
  • Beauty Supply Stores
  • Party Supply Stores

History

A concise historical narrative of NAICS Code 455110-03 covering global milestones and recent developments within the United States.

  • The "Retail Shops" industry has a long and rich history dating back to ancient times when markets were the primary means of trade. In the 19th century, the rise of department stores revolutionized the retail industry, offering a wide range of products under one roof. In the 20th century, the advent of shopping malls and the growth of e-commerce further transformed the industry. In recent years, the industry has faced challenges due to the COVID-19 pandemic, which has led to a shift towards online shopping and a decline in foot traffic in physical stores. However, the industry has adapted by implementing contactless payment options, curbside pickup, and other measures to ensure the safety of customers and employees. In the United States, the "Retail Shops" industry has a rich history dating back to the colonial era when small shops were the primary means of trade. In the 19th century, the rise of department stores and mail-order catalogs transformed the industry. In the 20th century, the growth of shopping malls and the rise of big-box retailers further revolutionized the industry. In recent years, the industry has faced challenges due to the growth of e-commerce and the COVID-19 pandemic, which has led to a shift towards online shopping and a decline in foot traffic in physical stores. Despite these challenges, the industry has adapted by implementing new technologies and strategies to enhance the customer experience and remain competitive.