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

• Measuring tape
• Steam iron
• Sewing kit
• Tailor's chalk
• Garment bag
• Shoe polish
• Lint roller
• Dress forms
• Hangers
• Steamer
• Fabric scissors
• Pin cushion
• Seam ripper
• Ironing board
• Fabric glue
• Needle threader
• Buttonhole cutter
• Fabric shaver
• Dress shields
• Shoe horn

Common products and services typical of NAICS Code 458110-72, illustrating the main business activities and contributions to the market.

• Prom dresses
• Tuxedos
• Evening gowns
• Suits
• Cocktail dresses
• Bow ties
• Formal shoes
• Cufflinks
• Evening bags
• Cummerbunds
• Mother of the bride dresses
• Bridesmaid dresses
• Wedding suits
• Evening jackets
• Evening shawls
• Evening gloves
• Formal hats
• Evening jewelry
• Evening scarves
• Evening wraps

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

• Textile Care Allied Trades Association (TCATA) Certification: This certification is required for businesses that provide laundry and dry cleaning services for formal wear. The certification ensures that the business follows industry standards and best practices.
• National Bridal Service Certification: This certification is required for businesses that provide bridal wear and services. The certification ensures that the business follows industry standards and best practices.
• Certified Formalwear Consultant (CFC) Certification: This certification is required for individuals who work in the formal wear industry. The certification ensures that the individual has the knowledge and skills to provide excellent customer service and advice.
• Occupational Safety and Health Administration (OSHA) Certification: This certification is required for businesses that provide formal wear rental services. The certification ensures that the business follows safety regulations and best practices.
• Federal Trade Commission (FTC) Certification: This certification is required for businesses that provide formal wear. The certification ensures that the business follows industry standards and best practices for advertising and marketing.

A concise historical narrative of NAICS Code 458110-72 covering global milestones and recent developments within the United States.

• The formal wear industry has a long and rich history dating back to the 15th century when the first tuxedo was created. The industry has since evolved to include a wide range of formal wear options for both men and women, including suits, dresses, and evening gowns. In the United States, the formal wear industry experienced significant growth in the 20th century, with the rise of Hollywood and the popularity of formal events such as proms and weddings. In recent years, the industry has faced challenges due to changing fashion trends and the rise of more casual dress codes in the workplace. However, formal wear remains an important part of the fashion industry and continues to evolve to meet the needs of consumers.

The anticipated future trajectory of the NAICS 458110-72 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 Formal Wear (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for formal wear for various occasions such as weddings, proms, and other formal events. The rise in disposable income and the growing trend of renting formal wear are also expected to contribute to the growth of the industry. However, the industry may face challenges due to the impact of the COVID-19 pandemic on the events industry, which may lead to a decline in demand for formal wear. The industry may also face competition from online retailers and rental services. Overall, the industry is expected to grow steadily in the coming years.

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

• Virtual Try-On Technology: Many formal wear retailers are now using virtual try-on technology to allow customers to try on clothes virtually before making a purchase. This technology uses augmented reality to create a virtual image of the customer wearing the clothes, which helps customers make more informed purchasing decisions.
• Sustainable Formal Wear: With the growing concern for the environment, many formal wear retailers are now offering sustainable and eco-friendly options. These options include clothes made from recycled materials, organic cotton, and other sustainable materials.
• Customization: Many formal wear retailers are now offering customization options to customers. This allows customers to create their own unique formal wear by choosing the fabric, style, and other details of the clothes.
• Rental Services: The trend of renting formal wear is growing, and many formal wear retailers are now offering rental services. This allows customers to rent high-end formal wear for a fraction of the cost of buying it.
• Online Sales: With the rise of e-commerce, many formal wear retailers are now offering online sales. This allows customers to shop for formal wear from the comfort of their own homes, which is especially convenient during the COVID-19 pandemic.