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

• Point of sale (POS) system
• Inventory management software
• Barcode scanner
• Cash register
• Credit card terminal
• Security tags and sensors
• Display fixtures and shelving
• Shopping bags and packaging materials
• Handheld mirrors
• Price tags and labeling equipment

Common products and services typical of NAICS Code 458110-26, illustrating the main business activities and contributions to the market.

• Leather handbags
• Tote bags
• Crossbody bags
• Clutches
• Backpack purses
• Satchels
• Hobo bags
• Messenger bags
• Wristlets
• Evening bags

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

• Fair Trade Certified: This certification ensures that the handbags are produced in a socially and environmentally responsible manner. The certification is provided by Fair Trade USA.
• Global Organic Textile Standard (GOTS): This certification ensures that the handbags are made from organic fibers and produced in an environmentally and socially responsible manner. The certification is provided by the International Working Group on Global Organic Textile Standard.
• Leather Working Group (LWG) Certification: This certification ensures that the leather used in the handbags is produced in an environmentally responsible manner. The certification is provided by the Leather Working Group.
• Sustainable Forestry Initiative (SFI) Certification: This certification ensures that the paper and wood used in the packaging of the handbags are sourced from responsibly managed forests. The certification is provided by the Sustainable Forestry Initiative.
• California Proposition 65 Compliance: This regulation requires businesses to provide warnings to Californians about significant exposures to chemicals that cause cancer, birth defects, or other reproductive harm. Compliance is required for handbags sold in California.

A concise historical narrative of NAICS Code 458110-26 covering global milestones and recent developments within the United States.

• The history of the handbag dates back to ancient times when people used pouches made of animal skin or cloth to carry their belongings. In the 16th century, handbags became a fashion accessory for women in Europe. The first handbag with a metal frame was invented in the early 20th century. In the 1920s, handbags became more popular and were designed to match women's outfits. In the 1950s, designer handbags became a status symbol, and luxury brands like Chanel and Louis Vuitton started producing high-end handbags. In the 21st century, handbags have become an essential accessory for both men and women, and the industry has grown significantly. In the United States, the handbag industry has experienced significant growth in recent years. According to a report by Statista, the handbag market in the United States was valued at $11.5 billion in 2019. The growth of e-commerce has made it easier for consumers to purchase handbags online, and social media has played a significant role in promoting new handbag designs. In recent years, there has been a trend towards sustainable and ethical fashion, and many handbag brands are now using eco-friendly materials and production methods. Overall, the handbag industry in the United States is thriving, and there are many opportunities for growth and innovation.

The anticipated future trajectory of the NAICS 458110-26 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The future outlook for the Handbags (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for handbags among consumers. The rise in disposable income and changing fashion trends are also contributing to the growth of the industry. The industry is also expected to benefit from the growth of e-commerce, which is making it easier for consumers to purchase handbags online. However, the industry may face challenges from the increasing competition from other retailers and the rising cost of raw materials. Overall, the Handbags (Retail) industry is expected to continue to grow in the coming years.

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

• Smart Handbags: These handbags come with features such as GPS tracking, charging ports, and Bluetooth connectivity, making them more functional and convenient for consumers.
• Sustainable Handbags: Many retailers are now offering handbags made from sustainable materials such as recycled plastic and organic cotton, which are more environmentally friendly.
• Personalized Handbags: Some retailers are now offering personalized handbags, allowing consumers to customize the design and features of their handbags.
• Luxury Handbags: The demand for luxury handbags is increasing, with many consumers willing to pay a premium for high-end brands such as Louis Vuitton and Gucci.
• Crossbody Bags: Crossbody bags are becoming increasingly popular among consumers due to their convenience and versatility.
• Mini Bags: Mini bags are a new trend in the handbags industry, with many retailers offering smaller-sized handbags that are perfect for carrying essentials.
• Vegan Handbags: Many consumers are now looking for handbags made from vegan materials such as faux leather, which are more ethical and sustainable.
• Smart Wallets: Some retailers are now offering smart wallets that come with features such as RFID blocking and Bluetooth connectivity, making them more secure and convenient for consumers.
• Convertible Handbags: Convertible handbags are becoming increasingly popular among consumers, with many retailers offering handbags that can be converted into backpacks or crossbody bags.
• Designer Collaborations: Many retailers are now collaborating with designers to create limited-edition handbags, which are highly sought after by consumers.