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NAICS Code 455219-76 Description (8-Digit)

Laces (Retail) is a subdivision of the NAICS Code 455219 that involves the retail sale of laces for shoes, clothing, and other accessories. This industry includes establishments that sell laces made of various materials such as cotton, leather, nylon, and silk. Laces (Retail) stores may also offer other related products such as shoe polish, shoe laces, and shoe insoles.

Hierarchy Navigation for NAICS Code 455219-76

Tools

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

  • Lace cutting machine
  • Lace braiding machine
  • Lace winding machine
  • Lace tipping machine
  • Lace knitting machine
  • Lace dyeing machine
  • Lace finishing machine
  • Lace measuring tape
  • Lace scissors
  • Lace awl
  • Lace needle
  • Lace wax
  • Lace stretcher
  • Lace glue
  • Lace iron
  • Lace brush
  • Lace thread
  • Lace spool holder
  • Lace winding bobbin

Industry Examples of Laces (Retail)

Common products and services typical of NAICS Code 455219-76, illustrating the main business activities and contributions to the market.

  • Shoe laces
  • Dress laces
  • Boot laces
  • Corset laces
  • Athletic shoe laces
  • Skateboard shoe laces
  • Hiking boot laces
  • Leather jacket laces
  • Hoodie laces
  • Backpack laces

Certifications, Compliance and Licenses for NAICS Code 455219-76 - Laces (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 handle hazardous materials. It is provided by the Occupational Safety and Health Administration (OSHA).
  • Retail Sales Tax License: This license is required for businesses that sell goods or services in the US. It is provided by the state government.
  • Business License: This license is required for businesses to operate legally in the US. It is provided by the state government.
  • Sales and Use Tax Permit: This permit is required for businesses that sell goods or services in the US. It is provided by the state government.
  • Fire Safety Inspection: This inspection is required for businesses to ensure that they comply with fire safety regulations. It is provided by the local fire department.

History

A concise historical narrative of NAICS Code 455219-76 covering global milestones and recent developments within the United States.

  • The history of the Laces (Retail) industry dates back to the 19th century when shoelaces were first introduced as a replacement for buckles. The industry grew rapidly in the early 20th century with the introduction of new materials such as nylon and polyester. In the United States, the industry saw a significant boost in the 1950s with the rise of sneakers and athletic shoes. The industry continued to evolve with the introduction of new styles and materials, such as reflective laces and elastic laces. Today, the industry is driven by fashion trends and the demand for customization options, with many retailers offering a wide variety of colors, patterns, and materials to choose from.

Future Outlook for Laces (Retail)

The anticipated future trajectory of the NAICS 455219-76 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 Laces (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for customization and personalization of footwear. The rise of e-commerce has also made it easier for consumers to purchase laces online, which has increased the accessibility of the product. Additionally, the industry is expected to benefit from the growing trend of athleisure wear, which has increased the demand for sneakers and other athletic footwear. However, the industry may face challenges due to the increasing competition from low-cost imports and the rising popularity of slip-on shoes, which do not require laces.

Industry Innovations for NAICS Code 455219-76

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

  • Smart Laces: These laces use technology to automatically adjust the tightness of the laces based on the wearer's foot movements, providing a more comfortable and secure fit.
  • Reflective Laces: These laces are designed to reflect light, making them ideal for runners and other athletes who exercise in low-light conditions.
  • Eco-Friendly Laces: These laces are made from sustainable materials such as recycled plastic bottles or organic cotton, reducing the environmental impact of the product.
  • Magnetic Laces: These laces use magnets to fasten the shoes, eliminating the need for tying and untying laces.
  • Customizable Laces: These laces allow consumers to choose the color, length, and material of their laces, providing a personalized touch to their footwear.

NAICS Code 455219-76 - Laces (Retail)

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