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NAICS Code 456120-03 Description (8-Digit)

Perfume (Retail) is a specialized industry that involves the sale of fragrances and scents to consumers. This industry is a subdivision of the Cosmetics, Beauty Supplies, and Perfume Retailers industry and focuses specifically on the retail of perfumes. Perfume (Retail) businesses can range from small independent stores to large chain retailers. The industry is highly competitive and requires businesses to stay up-to-date with the latest trends and consumer preferences.

Hierarchy Navigation for NAICS Code 456120-03

Tools

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

  • Fragrance testers
  • Perfume bottles
  • Perfume atomizers
  • Perfume pumps
  • Perfume funnels
  • Perfume droppers
  • Perfume mixing beakers
  • Perfume scales
  • Perfume storage containers
  • Perfume labeling machines

Industry Examples of Perfume (Retail)

Common products and services typical of NAICS Code 456120-03, illustrating the main business activities and contributions to the market.

  • Designer fragrances
  • Natural perfumes
  • Celebrity perfumes
  • Unisex fragrances
  • Luxury perfumes
  • Classic scents
  • Floral fragrances
  • Oriental perfumes
  • Citrus scents
  • Woody fragrances

Certifications, Compliance and Licenses for NAICS Code 456120-03 - Perfume (Retail)

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

  • Hazard Communication Standard (HCS): This certification is required for all businesses that deal with hazardous chemicals, including perfumes. It ensures that employees are aware of the potential hazards of the chemicals they work with and how to handle them safely. The Occupational Safety and Health Administration (OSHA) provides this certification.
  • Retail Sales Tax Permit: This permit is required for all businesses that sell products to consumers. It allows businesses to collect and remit sales tax to the state. The requirements for this permit vary by state.
  • Environmental Protection Agency (EPA) Registration: This registration is required for businesses that manufacture, import, or sell pesticides, which are often used in perfumes. It ensures that these products are safe for human use and the environment. The EPA provides this registration.
  • Occupational License: This license is required for businesses that provide a service, such as applying perfume to customers. The requirements for this license vary by state.
  • Federal Trade Commission (FTC) Regulations: These regulations are designed to protect consumers from false or misleading advertising. They require businesses to be truthful in their advertising and to disclose any material information about their products. The FTC provides these regulations.

History

A concise historical narrative of NAICS Code 456120-03 covering global milestones and recent developments within the United States.

  • The perfume industry has a long and rich history dating back to ancient times. The Egyptians were known to use fragrances in religious ceremonies and for personal use, while the Greeks and Romans used perfumes for medicinal purposes. During the Middle Ages, perfumes were used to mask unpleasant odors and to ward off diseases. In the 18th century, the perfume industry began to flourish in France, with the creation of fragrances such as Eau de Cologne and Chanel No. 5. In the 20th century, the industry continued to grow, with the introduction of new fragrances and the use of synthetic ingredients. In recent years, the industry has seen a shift towards natural and organic fragrances, as consumers become more environmentally conscious and health-conscious. In the United States, the perfume industry has a more recent history. The industry began to take off in the 1950s, with the introduction of mass-market fragrances such as Chanel No. 5 and Estée Lauder's Youth Dew. In the 1980s and 1990s, the industry saw a surge in popularity, with the introduction of celebrity fragrances and designer fragrances. In recent years, the industry has faced challenges due to the rise of e-commerce and the decline of brick-and-mortar retail. However, the industry has also seen growth in niche fragrances and personalized fragrances, as consumers seek unique and customized scents.

Future Outlook for Perfume (Retail)

The anticipated future trajectory of the NAICS 456120-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The perfume retail industry in the USA is expected to grow in the coming years. The increasing demand for premium and luxury fragrances, along with the rising popularity of online sales channels, is expected to drive the growth of the industry. The industry is also expected to benefit from the growing trend of personalization, where customers are looking for unique and customized fragrances. However, the industry may face challenges due to the increasing competition from new entrants and the rising popularity of natural and organic fragrances. Overall, the industry is expected to grow steadily in the coming years, driven by the increasing demand for premium and luxury fragrances, the growing trend of personalization, and the rising popularity of online sales channels.

Industry Innovations for NAICS Code 456120-03

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

  • Scentbird: A subscription-based service that allows customers to try new fragrances every month. Customers can choose from over 500 designer fragrances and receive a 30-day supply of their chosen scent.
  • Fragrance.com: An online retailer that offers a wide range of fragrances at discounted prices. The company also offers a loyalty program that rewards customers with points for every purchase they make.
  • Scent Trunk: A personalized fragrance service that creates unique fragrances based on customers' preferences. Customers can take a quiz to determine their scent profile and receive a customized fragrance based on their results.
  • Skylar: A fragrance brand that offers natural and clean fragrances. The company uses high-quality, sustainably sourced ingredients and does not use any synthetic fragrances or harmful chemicals.
  • Pinrose: A fragrance brand that offers a range of unique and unconventional fragrances. The company uses high-quality ingredients and collaborates with artists and musicians to create its fragrances.

NAICS Code 456120-03 - Perfume (Retail)

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