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

• Novelty toys and games
• Party supplies
• Costume accessories
• Decorative items
• Gag gifts
• Magic tricks
• Prank items
• Novelty kitchen gadgets
• Unique stationery
• Unusual clothing items

Common products and services typical of NAICS Code 459420-24, illustrating the main business activities and contributions to the market.

• Funny coffee mugs
• Novelty socks
• Whoopee cushions
• Giant inflatable pool toys
• Novelty phone cases
• Unique keychains
• Novelty candy
• Unusual home decor items
• Novelty t-shirts
• Quirky office supplies

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

• Consumer Product Safety Commission (CPSC) Certification: This certification is required for all novelty products that are intended for children under the age of 12. The CPSC ensures that the products meet safety standards and regulations to prevent any harm to children. The certification is provided by the CPSC.
• Occupational Safety and Health Administration (OSHA) Certification: This certification is required for all retail stores that sell novelty products to ensure that the store is safe for employees and customers. The certification is provided by OSHA.
• Food and Drug Administration (FDA) Certification: This certification is required for all novelty products that are intended for human consumption, such as candy or food items. The FDA ensures that the products meet safety standards and regulations to prevent any harm to consumers. The certification is provided by the FDA.
• Environmental Protection Agency (EPA) Certification: This certification is required for all novelty products that contain chemicals or hazardous materials. The EPA ensures that the products meet safety standards and regulations to prevent any harm to the environment. The certification is provided by the EPA.
• National Institute Of Standards and Technology (NIST) Certification: This certification is required for all novelty products that contain measuring devices, such as rulers or thermometers. The NIST ensures that the products meet accuracy standards and regulations. The certification is provided by the NIST.

A concise historical narrative of NAICS Code 459420-24 covering global milestones and recent developments within the United States.

• The "Novelties (Retail)" industry has a long history dating back to ancient times when people used to exchange gifts and souvenirs as a sign of friendship and goodwill. In the 19th century, the industry started to take shape with the emergence of souvenir shops in popular tourist destinations. The industry continued to grow in the 20th century with the introduction of new technologies and materials, such as plastic and electronic components, which allowed for the production of more complex and interactive novelties. In recent years, the industry has been impacted by the rise of e-commerce and online marketplaces, which have changed the way consumers shop for novelties. In the United States, the "Novelties (Retail)" industry has a rich history that dates back to the early 20th century when novelty items such as rubber chickens and whoopee cushions became popular. The industry continued to grow in the mid-20th century with the introduction of new materials and technologies, such as plastic and battery-powered toys. In the 21st century, the industry has been impacted by the rise of social media and viral marketing, which have created new opportunities for novelty items to go viral and become popular overnight. Overall, the "Novelties (Retail)" industry has a long and fascinating history that continues to evolve with the changing times.

The anticipated future trajectory of the NAICS 459420-24 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 Novelties (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for unique and personalized gifts. The rise of e-commerce has also made it easier for consumers to purchase novelties online, which has contributed to the growth of the industry. Additionally, the industry is expected to benefit from the growing trend of experiential gifting, where consumers are looking for unique experiences rather than traditional gifts. However, the industry may face challenges due to the increasing competition from online retailers and the rising cost of raw materials. Overall, the Novelties (Retail) industry is expected to continue to grow in the coming years, driven by the increasing demand for unique and personalized gifts.

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

• Personalized Gifts: Many retailers in the Novelties (Retail) industry are now offering personalized gifts, such as customized mugs, t-shirts, and phone cases. This trend has become increasingly popular in recent years, as consumers are looking for unique and personalized gifts for their loved ones.
• Eco-Friendly Novelties: With the growing concern for the environment, many retailers in the Novelties (Retail) industry are now offering eco-friendly novelties, such as reusable straws, bamboo utensils, and recycled paper products. This trend has become increasingly popular in recent years, as consumers are looking for sustainable alternatives to traditional novelties.
• Virtual Reality Novelties: With the rise of virtual reality technology, many retailers in the Novelties (Retail) industry are now offering virtual reality novelties, such as VR headsets and games. This trend has become increasingly popular in recent years, as consumers are looking for unique and immersive experiences.
• Pop Culture Novelties: Many retailers in the Novelties (Retail) industry are now offering novelties based on popular culture, such as movie and TV show merchandise. This trend has become increasingly popular in recent years, as consumers are looking for novelties that reflect their interests and hobbies.
• Subscription Boxes: Many retailers in the Novelties (Retail) industry are now offering subscription boxes, where consumers can receive a monthly box of novelties based on a specific theme. This trend has become increasingly popular in recent years, as consumers are looking for a convenient and fun way to discover new novelties.