NAICS Code 458110-50 - Belts & Suspenders (Retail)
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NAICS Code 458110-50 Description (8-Digit)
Hierarchy Navigation for NAICS Code 458110-50
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Tools
Tools commonly used in the Belts & Suspenders (Retail) industry for day-to-day tasks and operations.
- Belt hole puncher
- Leather cutter
- Sewing machine
- Rivet setter
- Scissors
- Measuring tape
- Hammer
- Leather edge beveler
- Leather skiver
- Belt buckle puncher
Industry Examples of Belts & Suspenders (Retail)
Common products and services typical of NAICS Code 458110-50, illustrating the main business activities and contributions to the market.
- Leather belts
- Fabric belts
- Suspenders
- Belt buckles
- Belt extenders
- Belt loops
- Belt bags
- Belt clips
- Belt hangers
- Belt pouches
Certifications, Compliance and Licenses for NAICS Code 458110-50 - Belts & Suspenders (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Fair Trade Certified: This certification ensures that the products are ethically sourced and produced, and that the workers involved in the production process are treated fairly. The certification is provided by Fair Trade USA.
- Global Organic Textile Standard (GOTS): This certification ensures that the products are made from organic fibers and that the production process meets environmental and social criteria. 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 products is produced in an environmentally responsible way. The certification is provided by the Leather Working Group.
- Consumer Product Safety Improvement Act (CPSIA) Certification: This certification ensures that the products meet the safety standards set by the Consumer Product Safety Commission. The certification is required by law for all children's products.
- Occupational Safety and Health Administration (OSHA) Certification: This certification ensures that the workplace meets the safety and health standards set by OSHA. The certification is required by law for all workplaces.
History
A concise historical narrative of NAICS Code 458110-50 covering global milestones and recent developments within the United States.
- Belts and suspenders have been used for centuries, with the earliest known belts dating back to ancient Egypt. In the Middle Ages, belts were used to hold weapons and tools, while suspenders were used to hold up trousers. The modern belt as we know it today was first introduced in the 1920s, with the invention of the belt loop on trousers. Suspenders remained popular until the 1950s, when belts became the more fashionable choice. In recent years, the popularity of suspenders has seen a resurgence, with many people choosing them as a fashion accessory. In the United States, the retail industry for belts and suspenders has seen steady growth over the past decade, with a focus on high-quality materials and unique designs.
Future Outlook for Belts & Suspenders (Retail)
The anticipated future trajectory of the NAICS 458110-50 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 Belts & Suspenders (Retail) industry in the USA is positive. The industry is expected to experience steady growth due to the increasing demand for fashion accessories and the growing popularity of online shopping. The rise of e-commerce has made it easier for consumers to purchase belts and suspenders online, which has led to an increase in sales for online retailers. Additionally, the industry is expected to benefit from the growing trend of customization and personalization, as consumers are increasingly looking for unique and personalized products. However, the industry may face challenges due to the increasing competition from other fashion accessories and the rising popularity of casual wear, which may reduce the demand for belts and suspenders. Overall, the industry is expected to grow steadily in the coming years, driven by the increasing demand for fashion accessories and the growing popularity of online shopping.
Industry Innovations for NAICS Code 458110-50
Recent groundbreaking advancements and milestones in the Belts & Suspenders (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Belts: Smart belts are a recent innovation in the Belts & Suspenders (Retail) industry. These belts come with sensors that track the wearer's activity, such as steps taken and calories burned. They can also monitor the wearer's posture and provide feedback to help improve it.
- Sustainable Materials: Many companies in the Belts & Suspenders (Retail) industry are now using sustainable materials, such as recycled leather and organic cotton, to make their products. This is in response to the growing demand for eco-friendly products among consumers.
- Customizable Belts: Customizable belts are becoming increasingly popular among consumers. Many companies now offer belts that can be personalized with the customer's name or initials, or with a custom design or logo.
- RFID Technology: Some companies are now using RFID (radio-frequency identification) technology in their belts. This technology allows the wearer to track their belt using a smartphone app, which can be useful in case the belt is lost or stolen.
- 3D Printing: 3D printing is a recent innovation that is being used in the Belts & Suspenders (Retail) industry to create unique and customized products. Some companies are using 3D printing to create belts with intricate designs and patterns that would be difficult to achieve using traditional manufacturing methods.
NAICS Code 458110-50 - Belts & Suspenders (Retail)
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