Tools commonly used in the Salvage & Surplus Merchandise (Retail) industry for day-to-day tasks and operations.

• Pallet jacks
• Hand trucks
• Box cutters
• Price guns
• Scales
• Shelving units
• Hangers
• Shopping carts
• Baling machines
• Wrapping machines

Common products and services typical of NAICS Code 458110-03, illustrating the main business activities and contributions to the market.

• Discount clothing
• Overstocked electronics
• Damaged furniture
• Returned appliances
• Liquidated toys
• Surplus building materials
• Salvage groceries
• Clearance home goods
• Closeout pet supplies
• Scratch and dent tools

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

• Hazardous Materials Endorsement (HME): This endorsement is required for drivers who transport hazardous materials. The Transportation Security Administration (TSA) provides this certification.
• Retail Sales Tax Permit: This permit is required for businesses that sell goods and collect sales tax. The permit is issued by the state's Department of Revenue.
• Occupational Safety and Health Administration (OSHA) Certification: This certification is required for businesses that handle hazardous materials. OSHA provides training and certification for businesses to ensure they are following safety regulations.
• Environmental Protection Agency (EPA) Certification: This certification is required for businesses that handle hazardous waste. The EPA provides training and certification for businesses to ensure they are following environmental regulations.
• National Retail Federation (NRF) Certification: This certification is not required but can be beneficial for businesses in the retail industry. The NRF provides training and certification for retail professionals to improve their skills and knowledge.

A concise historical narrative of NAICS Code 458110-03 covering global milestones and recent developments within the United States.

• The "Salvage & Surplus Merchandise (Retail)" industry has a long history worldwide, dating back to the early 20th century when the first surplus stores emerged in the United States. These stores sold military surplus items such as clothing, equipment, and vehicles after World War I and II. In the 1960s, the industry expanded to include other types of surplus merchandise, such as electronics, furniture, and appliances. The industry continued to grow in the 1970s and 1980s, with the emergence of discount stores and the increasing popularity of thrift shopping. In recent years, the industry has seen a surge in popularity due to the rise of online marketplaces and the increasing demand for sustainable and affordable shopping options. In the United States, the "Salvage & Surplus Merchandise (Retail)" industry has a more recent history, with the first surplus stores appearing in the 1920s. These stores sold military surplus items, such as clothing and equipment, to the public. In the 1960s, the industry expanded to include other types of surplus merchandise, such as electronics, furniture, and appliances. The industry continued to grow in the 1970s and 1980s, with the emergence of discount stores and the increasing popularity of thrift shopping. In recent years, the industry has seen a surge in popularity due to the rise of online marketplaces and the increasing demand for sustainable and affordable shopping options.

The anticipated future trajectory of the NAICS 458110-03 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 Salvage & Surplus Merchandise (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for affordable products and the growing trend of sustainability. The industry is also expected to benefit from the rise of e-commerce, which has made it easier for retailers to reach a wider audience. However, the industry may face challenges such as increased competition from other retailers and the need to maintain quality standards while offering affordable products.

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

• Online Marketplaces: Salvage & Surplus Merchandise (Retail) companies have started to sell their products on online marketplaces such as Amazon and eBay, which has helped them reach a wider audience and increase their sales.
• Sustainable Products: Many Salvage & Surplus Merchandise (Retail) companies have started to offer sustainable products, such as clothing made from recycled materials, which has helped them attract environmentally conscious consumers.
• Mobile Apps: Some Salvage & Surplus Merchandise (Retail) companies have developed mobile apps that allow customers to browse and purchase products from their smartphones, which has made it easier for customers to shop and has increased sales for the companies.
• Social Media Marketing: Salvage & Surplus Merchandise (Retail) companies have started to use social media platforms such as Instagram and Facebook to market their products and reach a wider audience.
• In-Store Experiences: Some Salvage & Surplus Merchandise (Retail) companies have started to offer in-store experiences such as DIY workshops and events, which has helped them attract customers and increase sales.