NAICS Code 458110-02 - Men's Clothing & Furnishings (Retail)
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NAICS Code 458110-02 Description (8-Digit)
Hierarchy Navigation for NAICS Code 458110-02
Parent Code (less specific)
Tools
Tools commonly used in the Men's Clothing & Furnishings (Retail) industry for day-to-day tasks and operations.
- Tailoring scissors
- Sewing machine
- Iron and ironing board
- Measuring tape
- Dress form
- Fabric cutting mat
- Rotary cutter
- Seam ripper
- Pins and needles
- Fabric chalk
Industry Examples of Men's Clothing & Furnishings (Retail)
Common products and services typical of NAICS Code 458110-02, illustrating the main business activities and contributions to the market.
- Men's suits
- Dress shirts
- Ties
- Dress shoes
- Blazers
- Dress pants
- Cufflinks
- Pocket squares
- Belts
- Dress socks
Certifications, Compliance and Licenses for NAICS Code 458110-02 - Men's Clothing & Furnishings (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Fair Trade Certified: Fair Trade Certified is a certification program that ensures that the products are ethically sourced and produced. It ensures that the workers involved in the production of the product are paid fairly and work in safe conditions. Fair Trade USA provides this certification.
- Global Organic Textile Standard (GOTS): GOTS is a certification program that ensures that the products are made from organic fibers and that the production process is environmentally and socially responsible. It ensures that the products are free from harmful chemicals and that the workers involved in the production of the product are paid fairly and work in safe conditions. The certification is provided by the Global Organic Textile Standard.
- OEKO-TEX Standard 100: OEKO-TEX Standard 100 is a certification program that ensures that the products are free from harmful substances. It ensures that the products are safe for human use and that the workers involved in the production of the product are paid fairly and work in safe conditions. The certification is provided by the International Association for Research and Testing in the Field of Textile Ecology.
- WRAP Certification: WRAP Certification is a certification program that ensures that the products are produced in a socially and environmentally responsible manner. It ensures that the workers involved in the production of the product are paid fairly and work in safe conditions. The certification is provided by Worldwide Responsible Accredited Production.
- Bluesign Certification: Bluesign Certification is a certification program that ensures that the products are produced in an environmentally responsible manner. It ensures that the products are free from harmful chemicals and that the workers involved in the production of the product are paid fairly and work in safe conditions. The certification is provided by Bluesign Technologies.
History
A concise historical narrative of NAICS Code 458110-02 covering global milestones and recent developments within the United States.
- The history of the Men's Clothing & Furnishings (Retail) industry dates back to the 19th century when the concept of ready-to-wear clothing emerged. The industry saw significant growth in the 1920s when the demand for men's suits increased due to the rise of the white-collar workforce. In the 1960s, the industry saw a shift towards more casual clothing, and the demand for suits decreased. In recent years, the industry has seen a rise in online sales, with many retailers expanding their online presence to cater to the growing demand for online shopping. In the United States, the industry has seen a steady growth rate of around 2% per year since 2016, with a revenue of $17.5 billion in 2021.
Future Outlook for Men's Clothing & Furnishings (Retail)
The anticipated future trajectory of the NAICS 458110-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Men's Clothing & Furnishings (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for men's clothing and accessories. The rise in disposable income and changing fashion trends are also expected to contribute to the growth of the industry. The industry is also expected to benefit from the growth of e-commerce, as more consumers are turning to online shopping for their clothing needs. However, the industry may face challenges such as increasing competition from other retailers and changing consumer preferences. Overall, the industry is expected to continue to grow in the coming years.
Industry Innovations for NAICS Code 458110-02
Recent groundbreaking advancements and milestones in the Men's Clothing & Furnishings (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Virtual Try-On Technology: This technology allows customers to try on clothes virtually before making a purchase, which can help reduce returns and increase customer satisfaction.
- Sustainable Fashion: Many retailers in the Men's Clothing & Furnishings (Retail) industry are adopting sustainable practices, such as using eco-friendly materials and reducing waste, to appeal to environmentally conscious consumers.
- Personalized Shopping Experiences: Retailers are using data and technology to provide personalized shopping experiences for customers, such as recommending products based on their past purchases and preferences.
- In-Store Technology: Retailers are incorporating technology into their physical stores, such as interactive displays and mobile checkout, to enhance the shopping experience for customers.
- Subscription Services: Some retailers are offering subscription services for men's clothing and accessories, which can provide a convenient and cost-effective way for customers to keep up with the latest fashion trends.
NAICS Code 458110-02 - Men's Clothing & Furnishings (Retail)
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