NAICS Code 459510-11 - Childrens & Infants Wear-Used (Retail)
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NAICS Code 459510-11 Description (8-Digit)
Hierarchy Navigation for NAICS Code 459510-11
Parent Code (less specific)
Tools
Tools commonly used in the Childrens & Infants Wear-Used (Retail) industry for day-to-day tasks and operations.
- Clothing racks
- Hangers
- Price tags
- Tagging guns
- Steamers
- Irons
- Folding tables
- Storage bins
- Shopping bags
- Cash registers
Industry Examples of Childrens & Infants Wear-Used (Retail)
Common products and services typical of NAICS Code 459510-11, illustrating the main business activities and contributions to the market.
- Children's clothing consignment
- Infant clothing resale
- Second-hand children's shoes
- Used baby accessories
- Pre-owned children's outerwear
- Gently used kids' clothing
- Resale children's swimwear
- Second-hand children's formalwear
- Pre-loved kids' pajamas
- Used children's costumes
Certifications, Compliance and Licenses for NAICS Code 459510-11 - Childrens & Infants Wear-Used (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Children's Product Certificate (CPC): This certificate is required for children's products and ensures that the product meets safety standards set by the Consumer Product Safety Commission (CPSC). The certificate is issued by a third-party testing lab accredited by the CPSC.
- Resale Certificate: This certificate is required for retailers to purchase goods for resale without paying sales tax. The certificate is issued by the state's tax authority.
- Business License: A business license is required for all businesses operating in the US. The requirements vary by state and locality.
- Sales Tax Permit: A sales tax permit is required for retailers to collect and remit sales tax to the state. The requirements vary by state.
- Occupational Safety and Health Administration (OSHA) Compliance: OSHA sets safety standards for workplaces in the US. Compliance with OSHA regulations is required for all businesses.
History
A concise historical narrative of NAICS Code 459510-11 covering global milestones and recent developments within the United States.
- The Childrens & Infants Wear-Used (Retail) industry has been around for decades, with the first thrift stores opening in the early 1900s. However, it wasn't until the Great Depression that the industry really took off, as people were looking for ways to save money. During World War II, the industry saw a decline as rationing made it difficult to find used clothing. In the 1960s and 1970s, the industry experienced a resurgence as people became more environmentally conscious and interested in recycling. In recent years, the rise of online marketplaces and social media has made it easier for consumers to buy and sell used children's clothing. In the United States, the Childrens & Infants Wear-Used (Retail) industry has seen steady growth in recent years. According to a report by ThredUp, the resale market is expected to reach $64 billion by 2024. This growth can be attributed to a number of factors, including the rise of sustainable fashion, the popularity of vintage clothing, and the increasing awareness of the environmental impact of fast fashion. In addition, the COVID-19 pandemic has led to an increase in online shopping, which has benefited the resale market. Overall, the Childrens & Infants Wear-Used (Retail) industry has a rich history and a promising future.
Future Outlook for Childrens & Infants Wear-Used (Retail)
The anticipated future trajectory of the NAICS 459510-11 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 Childrens & Infants Wear-Used (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for sustainable and affordable clothing options. The rise of online resale platforms and the growing awareness of the environmental impact of fast fashion are also expected to contribute to the growth of the industry. However, the industry may face challenges such as competition from traditional retailers and concerns over the safety and quality of used clothing. Overall, the industry is expected to continue to grow and evolve in response to changing consumer preferences and trends.
Industry Innovations for NAICS Code 459510-11
Recent groundbreaking advancements and milestones in the Childrens & Infants Wear-Used (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Thredup: ThredUp is an online platform that allows consumers to buy and sell secondhand clothing. The platform has grown rapidly in recent years and has raised millions of dollars in funding from investors.
- Realreal: RealReal is a luxury consignment platform that allows consumers to buy and sell high-end clothing, accessories, and home goods. The platform has gained popularity among consumers who are looking for sustainable and affordable luxury options.
- Poshmark: Poshmark is an online marketplace that allows consumers to buy and sell new and used clothing, shoes, and accessories. The platform has a large and active community of sellers and buyers and has been successful in attracting younger consumers.
- Thinx: Thinx is a company that produces reusable and sustainable menstrual products. The company has gained popularity among consumers who are looking for eco-friendly and affordable alternatives to traditional menstrual products.
- Rent the Runway: Rent the Runway is a clothing rental service that allows consumers to rent designer clothing and accessories for a fraction of the retail price. The service has gained popularity among consumers who are looking for sustainable and affordable options for special occasions and events.
NAICS Code 459510-11 - Childrens & Infants Wear-Used (Retail)
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