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NAICS Code 455219-30 Description (8-Digit)

Importers (Retail) is a subdivision of the NAICS Code 455219 that involves businesses engaged in the retail sale of general merchandise that has been imported from other countries. These businesses purchase goods from foreign manufacturers and distributors and sell them directly to consumers through physical retail stores or online platforms. Importers (Retail) may specialize in a particular type of product or offer a range of products, such as clothing, electronics, home goods, and toys. These businesses are responsible for ensuring that the imported products meet all relevant safety and quality standards, as well as complying with all applicable customs and trade regulations.

Hierarchy Navigation for NAICS Code 455219-30

Tools

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

  • Customs brokerage software
  • International trade compliance software
  • Freight forwarding software
  • Inventory management software
  • Point-of-sale (POS) systems
  • Electronic data interchange (EDI) software
  • Shipping label printers
  • Barcode scanners
  • Product tracking systems
  • Online payment processing platforms

Industry Examples of Importers (Retail)

Common products and services typical of NAICS Code 455219-30, illustrating the main business activities and contributions to the market.

  • Imported clothing retailers
  • Imported electronics retailers
  • Imported home goods retailers
  • Imported toy retailers
  • Imported furniture retailers
  • Imported food and beverage retailers
  • Imported beauty and personal care retailers
  • Imported pet supplies retailers
  • Imported sporting goods retailers
  • Imported automotive parts and accessories retailers

Certifications, Compliance and Licenses for NAICS Code 455219-30 - Importers (Retail)

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

  • Customs Broker License: A customs broker license is required for importers to clear goods through customs. Customs brokers are licensed by the U.S. Customs and Border Protection (CBP) and are responsible for ensuring that imported goods comply with all applicable laws and regulations. The CBP provides information on how to become a licensed customs broker on their website.
  • Food and Drug Administration (FDA) Registration: Importers of food, drugs, medical devices, and other FDA-regulated products must register with the FDA. The registration process involves providing information about the importer, the products being imported, and the facilities where the products will be stored and handled. The FDA provides information on how to register on their website.
  • Environmental Protection Agency (EPA) Registration: Importers of certain chemicals and pesticides must register with the EPA. The registration process involves providing information about the importer, the products being imported, and the intended use of the products. The EPA provides information on how to register on their website.
  • Consumer Product Safety Commission (CPSC) Certification: Importers of certain consumer products, such as toys and electronics, must obtain certification from the CPSC that the products meet safety standards. The certification process involves testing the products to ensure that they meet the applicable safety standards. The CPSC provides information on how to obtain certification on their website.
  • International Import Certificate: Some countries require an International Import Certificate (IIC) for certain products. The IIC is issued by the government of the importing country and certifies that the products meet the applicable standards and regulations. Importers should check with the government of the importing country to determine if an IIC is required. -

History

A concise historical narrative of NAICS Code 455219-30 covering global milestones and recent developments within the United States.

  • The "Importers (Retail)" industry has a long history dating back to the ancient Silk Road, where traders imported goods from China to Europe. In the 19th century, the industry saw significant growth with the advent of steamships and railroads, which made transportation of goods faster and more efficient. In the United States, the industry saw a boom in the 20th century with the rise of big-box retailers like Walmart and Target, which imported goods from all over the world to sell to American consumers. In recent years, the industry has faced challenges due to the COVID-19 pandemic, which disrupted global supply chains and caused shortages of certain products. Despite these challenges, the industry has adapted by increasing its use of e-commerce and expanding its product offerings to meet changing consumer demands.

Future Outlook for Importers (Retail)

The anticipated future trajectory of the NAICS 455219-30 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 Importers (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for imported goods. The rise of e-commerce has made it easier for retailers to import goods from other countries, and this trend is expected to continue. The industry is also expected to benefit from the growing trend of consumers seeking unique and exotic products. However, the industry may face challenges due to the ongoing trade tensions between the US and other countries, which could lead to higher tariffs and other trade barriers.

Industry Innovations for NAICS Code 455219-30

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

  • The use of blockchain technology to track the origin and authenticity of imported products.
  • The adoption of artificial intelligence and machine learning to optimize supply chain management and improve inventory management.
  • The use of virtual reality and augmented reality to enhance the online shopping experience for customers.
  • The implementation of sustainable and eco-friendly practices in the sourcing and distribution of imported products.
  • The development of new partnerships and collaborations with foreign suppliers to expand the range of products offered to customers.

NAICS Code 455219-30 - Importers (Retail)

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