NAICS Code 459210-16 - Subscription Agencies (Retail)

Marketing Level - NAICS 8-Digit

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NAICS Code 459210-16 Description (8-Digit)

Subscription Agencies (Retail) is a subdivision of the Book Retailers and News Dealers industry that specializes in the sale of subscriptions to various publications such as magazines, newspapers, and journals. These agencies act as intermediaries between publishers and consumers, providing a convenient way for customers to access their favorite publications on a regular basis. Subscription Agencies (Retail) may also offer additional services such as gift subscriptions, subscription management, and customer support.

Hierarchy Navigation for NAICS Code 459210-16

Parent Code (less specific)

Tools

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

  • Subscription management software
  • Customer relationship management (CRM) software
  • Payment processing software
  • Email marketing software
  • Data analytics tools
  • Content management systems (CMS)
  • Social media management tools
  • Inventory management software
  • Shipping and logistics software
  • Customer service software

Industry Examples of Subscription Agencies (Retail)

Common products and services typical of NAICS Code 459210-16, illustrating the main business activities and contributions to the market.

  • Magazine subscriptions
  • Newspaper subscriptions
  • Journal subscriptions
  • Online publication subscriptions
  • Newsletter subscriptions
  • Trade publication subscriptions
  • Academic journal subscriptions
  • Professional association subscriptions
  • Literary magazine subscriptions
  • Art magazine subscriptions

Certifications, Compliance and Licenses for NAICS Code 459210-16 - Subscription Agencies (Retail)

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

  • Retail Sales Tax Permit: Subscription agencies (retail) must obtain a retail sales tax permit from the state in which they operate. This permit allows them to collect sales tax on the products they sell. The requirements for obtaining this permit vary by state.
  • Business License: Subscription agencies (retail) must obtain a business license from the state in which they operate. This license allows them to legally operate their business within the state. The requirements for obtaining this license vary by state.
  • Federal Trade Commission (FTC) Regulations: Subscription agencies (retail) must comply with the FTC's regulations regarding advertising and marketing practices. These regulations are designed to protect consumers from false or misleading advertising.
  • Payment Card Industry Data Security Standard (PCI DSS) Compliance: Subscription agencies (retail) that accept credit card payments must comply with the PCI DSS. This standard outlines the requirements for securely processing, storing, and transmitting credit card information.
  • General Data Protection Regulation (GDPR) Compliance: Subscription agencies (retail) that collect and process personal data from customers in the European Union must comply with the GDPR. This regulation outlines the requirements for protecting the privacy and security of personal data.

History

A concise historical narrative of NAICS Code 459210-16 covering global milestones and recent developments within the United States.

  • Subscription agencies have been around for centuries, with the first recorded subscription agency being established in 1792 in London. The industry has since grown and evolved, with the introduction of new technologies and the rise of the internet. In the United States, subscription agencies have been prevalent since the 19th century, with the establishment of companies such as the American News Company in 1864. In recent years, the industry has seen a shift towards digital subscriptions, with companies such as Amazon and Netflix leading the way in this area. The rise of subscription-based business models has also led to the emergence of new players in the market, such as Birchbox and Dollar Shave Club, which offer subscription-based services for beauty and grooming products respectively.

Future Outlook for Subscription Agencies (Retail)

The anticipated future trajectory of the NAICS 459210-16 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 Subscription Agencies (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing popularity of subscription-based services. The rise of e-commerce and the convenience of online shopping have made it easier for consumers to subscribe to products and services. The industry is also expected to benefit from the growing trend of personalized and curated subscription boxes. However, the industry may face challenges from the increasing competition and the changing consumer preferences. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 459210-16

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

  • Subscription-Based Services: The industry has seen a rise in subscription-based services, which offer convenience and personalized products to consumers.
  • Curated Subscription Boxes: Subscription boxes that offer curated products based on the consumer's preferences have become popular in recent years.
  • Online Subscription Services: The rise of e-commerce has made it easier for consumers to subscribe to products and services online.
  • Mobile Apps: Subscription agencies have developed mobile apps that allow consumers to manage their subscriptions and receive notifications about new products.
  • Personalized Recommendations: Subscription agencies are using data analytics to provide personalized recommendations to consumers based on their preferences and purchase history.

NAICS Code 459210-16 - Subscription Agencies (Retail)

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