NAICS Code 455219-03 - Variety Stores (Retail)
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Total Companies
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NAICS Code 455219-03 Description (8-Digit)
Hierarchy Navigation for NAICS Code 455219-03
Parent Code (less specific)
Tools
Tools commonly used in the Variety Stores (Retail) industry for day-to-day tasks and operations.
- Point of Sale (POS) System
- Barcode Scanner
- Cash Register
- Pricing Gun
- Inventory Management Software
- Shopping Carts
- Handheld Scanners
- Security Cameras
- Label Printer
- Credit Card Terminal
Industry Examples of Variety Stores (Retail)
Common products and services typical of NAICS Code 455219-03, illustrating the main business activities and contributions to the market.
- Discount Retailers
- Dollar Stores
- 99 Cents Stores
- Variety Stores
- Bargain Stores
- Value Stores
- Closeout Stores
- Clearance Stores
- Overstock Stores
- Liquidation Stores
Certifications, Compliance and Licenses for NAICS Code 455219-03 - Variety Stores (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Occupational Safety and Health Administration (OSHA) Certification: This certification is required for employees who work in a variety store and handle hazardous materials. The certification ensures that employees are trained in the proper handling and disposal of hazardous materials.
- Food Handler's Permit: This permit is required for employees who handle food in a variety store. It ensures that employees are trained in proper food handling techniques and food safety.
- Retail Sales Tax Permit: This permit is required for all businesses that sell goods in the US. It allows businesses to collect sales tax from customers and remit it to the state.
- Fire Safety Inspection: A fire safety inspection is required for all businesses that operate in a commercial building. It ensures that the building is up to code and that there are no fire hazards present.
- Americans with Disabilities Act (ADA) Compliance: All businesses that operate in the US must comply with the ADA. This includes ensuring that the store is accessible to customers with disabilities and that employees are trained in how to assist customers with disabilities.
History
A concise historical narrative of NAICS Code 455219-03 covering global milestones and recent developments within the United States.
- The "Variety Stores (Retail)" industry has a long history dating back to the 19th century. The first variety store was opened in the United States in the 1870s, and it was called the Great Atlantic and Pacific Tea Company. The store sold a variety of products, including food, clothing, and household items. The concept of the variety store quickly caught on, and by the early 20th century, there were thousands of variety stores across the United States. In the 1920s, the F.W. Woolworth Company became the largest variety store chain in the world, with over 2,000 stores in the United States and Canada. In recent history, the industry has faced challenges due to the rise of e-commerce and the COVID-19 pandemic. However, variety stores have adapted by offering online shopping and curbside pickup, and they continue to be an important part of the retail landscape in the United States.
Future Outlook for Variety Stores (Retail)
The anticipated future trajectory of the NAICS 455219-03 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 future outlook for the Variety Stores (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for low-priced goods and the convenience of one-stop shopping. The industry is also expected to benefit from the growing trend of value-conscious consumers who are looking for affordable products. However, the industry may face challenges due to the increasing competition from online retailers and the changing consumer preferences. To stay competitive, the industry players may need to focus on improving their online presence, enhancing the in-store experience, and offering a wider range of products to attract more customers.
Industry Innovations for NAICS Code 455219-03
Recent groundbreaking advancements and milestones in the Variety Stores (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Dollar General launched a new store format called Popshelf that offers a curated selection of seasonal and home decor, health and beauty, party planning, and other items. The stores are designed to appeal to higher-income shoppers and are located in suburban areas.
- Family Dollar introduced a new store format called H2 that offers a wider range of products, including fresh produce, meat, and dairy. The stores are designed to appeal to urban shoppers and are located in densely populated areas.
- Dollar Tree launched a new online store that offers a wide range of products, including party supplies, cleaning supplies, and home decor. The online store is designed to complement the company's brick-and-mortar stores and provide customers with a convenient shopping experience.
- Dollar General introduced a new private label brand called Good & Smart that offers a range of healthy and affordable food products. The brand is designed to appeal to health-conscious consumers who are looking for affordable options.
- Family Dollar launched a new loyalty program called Smart Coupons that offers customers discounts on a wide range of products. The program is designed to encourage repeat purchases and increase customer loyalty.
NAICS Code 455219-03 - Variety Stores (Retail)
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