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NAICS Code 459420-03 Description (8-Digit)

Bridal Registries (Retail) is a subdivision of the Gift, Novelty, and Souvenir Retailers industry that involves the creation and management of a registry for engaged couples to select and receive gifts from their wedding guests. Bridal Registries (Retail) businesses typically operate as a service within a larger retail store or as a standalone store. The primary goal of Bridal Registries (Retail) is to provide a convenient and personalized shopping experience for engaged couples and their guests.

Hierarchy Navigation for NAICS Code 459420-03

Tools

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

  • Point of Sale (POS) System
  • Inventory Management Software
  • Customer Relationship Management (CRM) Software
  • Barcode Scanner
  • Cash Register
  • Wedding Planning Software
  • Gift Wrapping Supplies
  • Shipping Supplies
  • Wedding Invitation Samples
  • Bridal Registry Checklist

Industry Examples of Bridal Registries (Retail)

Common products and services typical of NAICS Code 459420-03, illustrating the main business activities and contributions to the market.

  • Wedding Gift Registry
  • Bridal Shower Registry
  • Honeymoon Registry
  • Baby Registry
  • Housewarming Registry
  • Anniversary Registry
  • Engagement Registry
  • Graduation Registry
  • Retirement Registry
  • Charity Registry

Certifications, Compliance and Licenses for NAICS Code 459420-03 - Bridal Registries (Retail)

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

  • Certified Wedding Planner: A certification that demonstrates knowledge and expertise in wedding planning. The American Association of Certified Wedding Planners (AACWP) provides this certification.
  • Servsafe Food Handler Certification: A certification that demonstrates knowledge of food safety and handling. This certification is required for businesses that serve food. The National Restaurant Association provides this certification.
  • Alcohol Server Certification: A certification that demonstrates knowledge of responsible alcohol service. This certification is required for businesses that serve alcohol. The National Restaurant Association provides this certification.
  • Retail Sales Tax Permit: A permit that allows businesses to collect sales tax from customers. This permit is required for businesses that sell taxable goods. The requirements for this permit vary by state.
  • Business License: A license that allows businesses to operate legally. This license is required for most businesses. The requirements for this license vary by state and locality.

History

A concise historical narrative of NAICS Code 459420-03 covering global milestones and recent developments within the United States.

  • Bridal registries have been around for centuries, with the first known registry dating back to 1924 in the United States. However, it wasn't until the 1950s that bridal registries became popular in the US, with department stores like Macy's and Bloomingdale's offering registry services. In the 1990s, the introduction of online registries revolutionized the industry, making it easier for couples to create and manage their registries. Today, bridal registries are an essential part of the wedding planning process, with many retailers offering registry services both in-store and online. In recent years, the bridal registry industry in the US has seen a shift towards more personalized and experiential registries. Couples are increasingly opting for non-traditional registry items like honeymoon funds, experiences, and charitable donations. Retailers have responded to this trend by offering more flexible registry options and expanding their product offerings to include a wider range of experiences and services. Additionally, the COVID-19 pandemic has had a significant impact on the industry, with many couples opting for smaller, more intimate weddings and registries that reflect their changing priorities and lifestyles.

Future Outlook for Bridal Registries (Retail)

The anticipated future trajectory of the NAICS 459420-03 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 Bridal Registries (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing number of marriages and the rising trend of personalized and unique wedding gifts. The industry is also expected to benefit from the growing popularity of online shopping and the convenience it offers to customers. However, the industry may face challenges due to the increasing competition from online retailers and the changing consumer preferences. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 459420-03

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

  • Virtual Reality (VR) Technology: Some bridal registries are using VR technology to provide customers with a virtual tour of their stores and products. This technology allows customers to experience the products in a more immersive way and helps them make better purchase decisions.
  • Personalized Gifts: Many bridal registries are offering personalized gifts that are unique and tailored to the couple's preferences. These gifts include customized jewelry, home decor items, and other personalized items that are not available in regular stores.
  • Mobile Apps: Some bridal registries have developed mobile apps that allow customers to create and manage their registries on the go. These apps also provide customers with real-time updates on their registries and allow them to make changes and updates easily.
  • Sustainability: Some bridal registries are focusing on sustainability by offering eco-friendly and sustainable products. These products are made from recycled materials and are designed to reduce waste and promote sustainability.
  • Online Shopping: Many bridal registries are expanding their online presence to cater to the growing number of customers who prefer to shop online. This trend is expected to continue in the coming years as more customers shift towards online shopping.

NAICS Code 459420-03 - Bridal Registries (Retail)

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