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NAICS Code 455219-41 Description (8-Digit)

Mexican Goods (Retail) is a subdivision of the NAICS Code 455219 that involves the retail sale of a variety of Mexican goods. This industry includes businesses that sell Mexican food products, such as spices, sauces, and canned goods, as well as Mexican handicrafts, clothing, and home decor. Mexican Goods (Retail) businesses may also sell Mexican music, movies, and books. This industry is focused on providing customers with a wide range of authentic Mexican products that are not commonly found in traditional retail stores.

Hierarchy Navigation for NAICS Code 455219-41

Tools

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

  • Point of Sale (POS) System
  • Inventory Management Software
  • Barcode Scanner
  • Cash Register
  • Pricing Gun
  • Label Printer
  • Credit Card Terminal
  • Shopping Cart
  • Handheld Scanner
  • Display Racks

Industry Examples of Mexican Goods (Retail)

Common products and services typical of NAICS Code 455219-41, illustrating the main business activities and contributions to the market.

  • Mexican Grocery Store
  • Mexican Handicrafts Shop
  • Mexican Clothing Store
  • Mexican Home Decor Store
  • Mexican Music Store
  • Mexican Bookstore
  • Mexican Movie Store
  • Mexican Specialty Food Store
  • Mexican Gift Shop
  • Mexican Import Store

Certifications, Compliance and Licenses for NAICS Code 455219-41 - Mexican Goods (Retail)

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

  • Servsafe Food Handler Certification: This certification is required for any employee who handles food in the industry. It ensures that the employee has the knowledge and skills to handle food safely and prevent foodborne illnesses. The certification is provided by the National Restaurant Association and can be obtained through their website:
  • Alcohol Beverage Control License: This license is required for any business that sells alcoholic beverages. It ensures that the business is complying with state and federal regulations regarding the sale of alcohol. The license is provided by the state's Alcohol Beverage Control Board and the requirements vary by state.
  • Occupational Safety and Health Administration (OSHA) Certification: This certification is required for any business that has employees. It ensures that the business is complying with OSHA regulations regarding workplace safety. The certification is provided by OSHA and can be obtained through their website:
  • Sales Tax Permit: This permit is required for any business that sells goods or services. It ensures that the business is collecting and remitting sales tax to the state. The permit is provided by the state's Department of Revenue and the requirements vary by state.
  • Import/export License: This license is required for any business that imports or exports goods. It ensures that the business is complying with federal regulations regarding the import/export of goods. The license is provided by the U.S. Customs and Border Protection and the requirements vary by industry and type of goods being imported/exported.

History

A concise historical narrative of NAICS Code 455219-41 covering global milestones and recent developments within the United States.

  • The Mexican Goods (Retail) industry has a rich history that dates back to the pre-Columbian era. The Aztecs and Mayans were known for their intricate and colorful textiles, pottery, and jewelry, which were traded throughout Mesoamerica. After the Spanish conquest, Mexican goods were exported to Europe, and the industry continued to grow. In the United States, the popularity of Mexican cuisine and culture has led to an increase in demand for Mexican goods, including food, clothing, and home decor. In recent years, the industry has faced challenges due to political tensions between the US and Mexico, as well as the COVID-19 pandemic, which has disrupted supply chains and reduced consumer spending.

Future Outlook for Mexican Goods (Retail)

The anticipated future trajectory of the NAICS 455219-41 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The Mexican Goods (Retail) industry in the USA is expected to experience steady growth in the coming years. The industry is expected to benefit from the growing Hispanic population in the country, which is projected to increase in the coming years. Additionally, the industry is expected to benefit from the increasing popularity of Mexican cuisine and culture in the country. However, the industry may face challenges from the increasing competition from online retailers and the changing consumer preferences. Overall, the industry is expected to experience moderate growth in the coming years.

Industry Innovations for NAICS Code 455219-41

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

  • Increased Focus on E-Commerce: With the increasing popularity of online shopping, many Mexican Goods (Retail) stores are focusing on expanding their online presence to reach a wider audience.
  • Introduction Of New Products: Many Mexican Goods (Retail) stores are introducing new products to cater to the changing consumer preferences. For example, some stores are introducing vegan and gluten-free Mexican food products.
  • Expansion Of Store Locations: Many Mexican Goods (Retail) stores are expanding their store locations to reach a wider audience. For example, some stores are opening new locations in areas with a high Hispanic population.
  • Emphasis on Sustainability: Some Mexican Goods (Retail) stores are emphasizing sustainability by using eco-friendly packaging and sourcing products from sustainable sources.
  • Introduction Of Loyalty Programs: To retain customers and increase sales, some Mexican Goods (Retail) stores are introducing loyalty programs that offer discounts and other benefits to frequent customers.

NAICS Code 455219-41 - Mexican Goods (Retail)

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