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NAICS Code 459420-48 Description (8-Digit)

Gifts-Corporate (Retail) is a subdivision of the NAICS Code 459420 that involves the retail sale of gifts, novelties, and souvenirs specifically designed for corporate clients. This industry caters to businesses that are looking for unique and personalized gifts to give to their employees, clients, or partners. Gifts-Corporate (Retail) offers a wide range of products that can be customized to fit the needs and preferences of the corporate client. These products can range from small items like pens and keychains to larger items like gift baskets and electronics.

Hierarchy Navigation for NAICS Code 459420-48

Tools

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

  • Customization software
  • Laser engraving machines
  • Embroidery machines
  • Heat press machines
  • Vinyl cutters
  • Graphic design software
  • Inventory management software
  • Point of sale systems
  • Shipping software
  • Social media management tools

Industry Examples of Gifts-Corporate (Retail)

Common products and services typical of NAICS Code 459420-48, illustrating the main business activities and contributions to the market.

  • Personalized pens
  • Customized keychains
  • Engraved plaques
  • Embroidered hats
  • Branded water bottles
  • Logoed tote bags
  • Customized USB drives
  • Personalized phone cases
  • Engraved desk clocks
  • Branded power banks
  • Customized notebooks
  • Personalized mugs
  • Engraved wine glasses
  • Branded Bluetooth speakers
  • Customized backpacks

Certifications, Compliance and Licenses for NAICS Code 459420-48 - Gifts-Corporate (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 by the industry are ethically sourced and produced, and that the workers involved in the production process are treated fairly. The certification is provided by Fair Trade USA.
  • Occupational Safety and Health Administration (OSHA) Certification: This certification ensures that the industry complies with the safety and health regulations set by OSHA. The certification is provided by OSHA.
  • Environmental Protection Agency (EPA) Certification: This certification ensures that the industry complies with the environmental regulations set by the EPA. The certification is provided by the EPA.
  • Consumer Product Safety Commission (CPSC) Certification: This certification ensures that the products sold by the industry are safe for consumers to use. The certification is provided by the CPSC.
  • National Retail Federation (NRF) Certification: This certification ensures that the industry follows the best practices in retail and provides quality customer service. The certification is provided by the NRF.

History

A concise historical narrative of NAICS Code 459420-48 covering global milestones and recent developments within the United States.

  • The "Gifts-Corporate (Retail)" industry has a long history dating back to ancient times when gifts were exchanged between rulers and diplomats. In the 19th century, the industry began to take shape with the emergence of department stores and specialty gift shops. The industry continued to grow in the 20th century with the advent of new technologies and the rise of e-commerce. In recent years, the industry has seen a shift towards personalized and unique gifts, as well as an increased focus on sustainability and ethical sourcing. In the United States, the industry has been impacted by economic downturns and changing consumer preferences, but has remained resilient and adaptable. Notable advancements in the industry include the use of 3D printing technology to create custom gifts, the rise of subscription-based gift services, and the incorporation of virtual and augmented reality into the gift-buying experience.

Future Outlook for Gifts-Corporate (Retail)

The anticipated future trajectory of the NAICS 459420-48 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 Gifts-Corporate (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for corporate gifts and promotional products. The rise of e-commerce has also made it easier for businesses to purchase corporate gifts online, which has increased the industry's revenue. Additionally, the industry is expected to benefit from the growing trend of personalization in corporate gifts. As businesses look for unique and personalized gifts to give to their clients and employees, the Gifts-Corporate (Retail) industry is well-positioned to meet this demand. Overall, the industry is expected to continue to grow in the coming years, driven by the increasing demand for corporate gifts and the rise of e-commerce.

Industry Innovations for NAICS Code 459420-48

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

  • Personalized Corporate Gifts: Many companies are now offering personalized corporate gifts, such as custom-made gift baskets and engraved products. This trend has become increasingly popular in recent years as businesses look for unique and personalized gifts to give to their clients and employees.
  • Eco-Friendly Gifts: With the growing concern for the environment, many companies are now offering eco-friendly corporate gifts, such as reusable water bottles and recycled products. This trend has become increasingly popular in recent years as businesses look for ways to reduce their environmental impact.
  • Virtual Gifting: With the rise of remote work, many companies are now offering virtual gifting options, such as e-gift cards and online gift certificates. This trend has become increasingly popular in recent years as businesses look for ways to show appreciation to their remote employees.
  • Tech Gifts: With the increasing reliance on technology, many companies are now offering tech-related corporate gifts, such as wireless chargers and smart home devices. This trend has become increasingly popular in recent years as businesses look for gifts that are both practical and innovative.
  • Subscription Boxes: Many companies are now offering subscription boxes as corporate gifts, which can include a variety of products such as snacks, beauty products, and office supplies. This trend has become increasingly popular in recent years as businesses look for unique and convenient gifts to give to their clients and employees.

NAICS Code 459420-48 - Gifts-Corporate (Retail)

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