NAICS Code 455219-08 - General Merchandise (Retail)

Marketing Level - NAICS 8-Digit

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NAICS Code 455219-08 Description (8-Digit)

General Merchandise (Retail) refers to retail stores that sell a wide variety of products, including but not limited to clothing, home goods, electronics, toys, and groceries. These stores typically offer a one-stop shopping experience for customers looking to purchase a range of items in one location. General Merchandise (Retail) stores can be found in shopping malls, strip malls, and standalone locations.

Hierarchy Navigation for NAICS Code 455219-08

Tools

Tools commonly used in the General Merchandise (Retail) industry for day-to-day tasks and operations.

  • Point of Sale (POS) systems
  • Barcode scanners
  • Inventory management software
  • Electronic shelf labels
  • Customer relationship management (CRM) software
  • Cash registers
  • Price scanners
  • Handheld mobile devices for inventory management
  • Electronic payment processing systems
  • Digital signage

Industry Examples of General Merchandise (Retail)

Common products and services typical of NAICS Code 455219-08, illustrating the main business activities and contributions to the market.

  • Department stores
  • Superstores
  • Hypermarkets
  • Discount stores
  • Warehouse clubs
  • Variety stores
  • Dollar stores
  • Convenience stores
  • Drug stores
  • Grocery stores

Certifications, Compliance and Licenses for NAICS Code 455219-08 - General Merchandise (Retail)

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

  • Hazardous Materials Endorsement (HME): Required for drivers who transport hazardous materials. Issued by the Transportation Security Administration (TSA).
  • Food Handler Certification: Required for employees who handle food. Issued by the National Restaurant Association.
  • OSHA 10-Hour General Industry Certification: Required for employees who work in general industry. Covers safety and health hazards. Issued by the Occupational Safety and Health Administration (OSHA).
  • Retail Management Certification: Provides training in retail management. Issued by the National Retail Federation.
  • Certified Sales Professional (CSP): Provides training in sales techniques. Issued by the Manufacturers' Representatives Educational Research Foundation.

History

A concise historical narrative of NAICS Code 455219-08 covering global milestones and recent developments within the United States.

  • The General Merchandise (Retail) industry has a long and rich history dating back to the early days of trade. The first general stores in the United States were established in the late 1700s, and they sold a wide variety of goods, including food, clothing, and household items. In the early 1900s, the rise of department stores like Macy's and Sears transformed the retail landscape, offering a wider selection of products and a more luxurious shopping experience. In recent years, the industry has been shaped by the rise of e-commerce and the increasing popularity of online shopping. Today, the General Merchandise (Retail) industry is a major contributor to the US economy, generating billions of dollars in revenue each year.

Future Outlook for General Merchandise (Retail)

The anticipated future trajectory of the NAICS 455219-08 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the General Merchandise (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for convenience and the rise of e-commerce. The industry is also expected to benefit from the growing population and the increasing disposable income of consumers. However, the industry is also facing challenges such as the increasing competition from online retailers and the changing consumer preferences. To stay competitive, retailers in this industry need to focus on providing a seamless shopping experience, offering a wide range of products, and adopting new technologies to enhance their operations.

Industry Innovations for NAICS Code 455219-08

Recent groundbreaking advancements and milestones in the General Merchandise (Retail) industry, reflecting notable innovations that have reshaped its landscape.

  • Contactless Payment Options: Many retailers in the General Merchandise (Retail) industry have started offering contactless payment options to their customers to provide a safer and more convenient shopping experience.
  • Curbside Pickup: With the COVID-19 pandemic, many retailers have started offering curbside pickup options to their customers to reduce the risk of exposure to the virus.
  • Augmented Reality (AR) Technology: Some retailers are using AR technology to enhance the shopping experience of their customers by allowing them to virtually try on products before making a purchase.
  • Personalized Recommendations: Many retailers are using data analytics to provide personalized recommendations to their customers based on their shopping history and preferences.
  • Same-Day Delivery: Some retailers are offering same-day delivery options to their customers to provide a faster and more convenient shopping experience.

NAICS Code 455219-08 - General Merchandise (Retail)

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