NAICS Code 459420-43 - Wedding Party Gifts (Retail)
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NAICS Code 459420-43 Description (8-Digit)
Hierarchy Navigation for NAICS Code 459420-43
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Tools
Tools commonly used in the Wedding Party Gifts (Retail) industry for day-to-day tasks and operations.
- Personalized engraving machines
- Heat press machines for customizing clothing and accessories
- Gift wrapping supplies, such as wrapping paper, ribbon, and bows
- Jewelry making tools for creating custom jewelry pieces
- Embroidery machines for monogramming and personalizing items
- Vinyl cutters for creating custom decals and stickers
- Sewing machines for creating custom clothing and accessories
- Paper cutting tools for creating custom invitations and stationery
- Paints and brushes for creating custom artwork and signs
- Calligraphy pens and supplies for creating custom signage and invitations
Industry Examples of Wedding Party Gifts (Retail)
Common products and services typical of NAICS Code 459420-43, illustrating the main business activities and contributions to the market.
- Personalized bridesmaid robes
- Customized groomsmen flasks
- Engraved jewelry for the wedding party
- Monogrammed tote bags for bridesmaids
- Personalized champagne glasses for the wedding party
- Customized wedding party t-shirts
- Embroidered handkerchiefs for the wedding party
- Personalized wedding party hangers
- Customized wedding party socks
- Engraved pocket watches for groomsmen
- Personalized wedding party keychains
Certifications, Compliance and Licenses for NAICS Code 459420-43 - Wedding Party Gifts (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Fair Trade Certification: This certification ensures that the products sold are ethically sourced and produced, and that the workers involved in the production process are treated fairly. The Fair Trade Federation provides this certification.
- Certified Gift Designer: This certification is offered by the Gift and Home Trade Association and ensures that the gift designer has the necessary skills and knowledge to create unique and high-quality gifts.
- Sales Tax Permit: This permit is required for businesses that sell tangible goods and is issued by the state government. It allows the business to collect sales tax from customers and remit it to the state.
- Business License: A business license is required for all businesses operating in the US. It is issued by the local government and ensures that the business is operating legally and in compliance with local regulations.
- Consumer Product Safety Commission (CPSC) Certification: This certification is required for products that are intended for use by children under the age of 12. It ensures that the products meet safety standards set by the CPSC.
History
A concise historical narrative of NAICS Code 459420-43 covering global milestones and recent developments within the United States.
- The "Wedding Party Gifts (Retail)" industry has been around for centuries, with the tradition of giving gifts to the bride and groom dating back to ancient times. In the Middle Ages, guests would bring gifts of food and drink to the wedding feast. In the 19th century, the tradition of giving silverware as a wedding gift became popular. In the 20th century, the industry expanded to include a wider range of gifts, such as home goods, electronics, and travel experiences. In recent years, personalized and DIY gifts have become increasingly popular, with couples looking for unique and meaningful ways to thank their guests. In the United States, the "Wedding Party Gifts (Retail)" industry has seen significant growth in recent years, with the average cost of a wedding increasing and couples looking for ways to personalize their celebrations. The rise of online shopping has also made it easier for couples to find and purchase gifts for their guests. In addition, the trend of destination weddings has led to an increase in demand for travel-related gifts. Overall, the industry is thriving and continues to evolve to meet the changing needs and preferences of consumers.
Future Outlook for Wedding Party Gifts (Retail)
The anticipated future trajectory of the NAICS 459420-43 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the industry "Wedding Party Gifts (Retail)" in the USA is positive. The industry is expected to grow in the coming years due to the increasing number of weddings and the trend of personalized and unique gifts. The rise of e-commerce and online marketplaces has also made it easier for consumers to purchase wedding party gifts. Additionally, the industry is expected to benefit from the growing trend of eco-friendly and sustainable products. However, the industry may face challenges due to the COVID-19 pandemic and its impact on the wedding industry. Overall, the industry is expected to continue to grow and innovate in the coming years.
Industry Innovations for NAICS Code 459420-43
Recent groundbreaking advancements and milestones in the Wedding Party Gifts (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Personalized Gifts: Many retailers in the "Wedding Party Gifts (Retail)" industry are offering personalized gifts, such as customized wine glasses, picture frames, and jewelry. This trend has become increasingly popular as consumers look for unique and meaningful gifts for their wedding party.
- Eco-Friendly Products: The trend of eco-friendly and sustainable products has also impacted the "Wedding Party Gifts (Retail)" industry. Many retailers are offering products made from recycled materials or sustainable materials, such as bamboo or organic cotton.
- DIY Kits: Some retailers are offering DIY kits for wedding party gifts, such as candle-making kits or embroidery kits. This trend has become popular as consumers look for hands-on and personalized gifts.
- Online Marketplaces: The rise of e-commerce and online marketplaces has made it easier for consumers to purchase wedding party gifts. Many retailers in the "Wedding Party Gifts (Retail)" industry have expanded their online presence to reach a wider audience.
- Virtual Consultations: Due to the COVID-19 pandemic, many retailers in the "Wedding Party Gifts (Retail)" industry have started offering virtual consultations for wedding party gifts. This trend has become popular as consumers look for safe and convenient ways to shop for gifts.
NAICS Code 459420-43 - Wedding Party Gifts (Retail)
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