NAICS Code 458110-03 - Salvage & Surplus Merchandise (Retail)

Marketing Level - NAICS 8-Digit

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NAICS Code 458110-03 Description (8-Digit)

Salvage & Surplus Merchandise (Retail) is a type of retail industry that specializes in selling goods that have been damaged, returned, or overstocked. These goods are often sold at a discounted price, making them an attractive option for bargain hunters. Salvage & Surplus Merchandise (Retail) stores can sell a wide range of products, including clothing, electronics, furniture, and appliances. These stores often purchase their inventory from manufacturers, wholesalers, and retailers who are looking to liquidate their excess or damaged goods.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 458110 page

Tools

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

Industry Examples of Salvage & Surplus Merchandise (Retail)

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

History

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.