NAICS Code 459420-09 - Favors (Retail)

Marketing Level - NAICS 8-Digit

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NAICS CODE 459420-09
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Looking for more companies? See NAICS 459420 - Gift, Novelty, and Souvenir Retailers - 22,092 companies, 43,240 emails.

NAICS Code 459420-09 Description (8-Digit)

Favors (Retail) is a subdivision of the Gift, Novelty, and Souvenir Retailers industry that specializes in providing small gifts or tokens of appreciation to guests at events such as weddings, baby showers, and corporate events. These favors are typically personalized and serve as a memento of the occasion. The industry involves the sale of a wide range of products, from edible treats to practical items like keychains and bottle openers.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 459420 page

Tools

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

  • Personalized stamping machine
  • Heat press machine
  • Embroidery machine
  • Vinyl cutter
  • Hot glue gun
  • Scissors
  • Hole puncher
  • Ribbon cutter
  • Paper cutter
  • Label maker

Industry Examples of Favors (Retail)

Common products and services typical of NAICS Code 459420-09, illustrating the main business activities and contributions to the market.

  • Personalized keychains
  • Customized shot glasses
  • Engraved bottle openers
  • Monogrammed tote bags
  • Printed coasters
  • Embroidered handkerchiefs
  • Customized candles
  • Personalized magnets
  • Printed matchboxes
  • Engraved wine stoppers

History

A concise historical narrative of NAICS Code 459420-09 covering global milestones and recent developments within the United States.

  • The "Favors (Retail)" industry has a long history dating back to ancient times when small tokens of appreciation were given to guests at weddings and other celebrations. In the Middle Ages, sugar was a popular favor, and in the 18th century, porcelain figurines became a popular choice. In the 20th century, the industry saw a significant shift towards personalized and customized favors, with the introduction of new materials and technologies. In the United States, the industry has seen a surge in popularity in recent years, with an increasing number of couples opting for personalized wedding favors. The rise of e-commerce has also made it easier for consumers to purchase favors online, leading to increased competition and innovation in the industry.