NAICS Code 459510-40 - Thrift Shops (Retail)
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NAICS Code 459510-40 Description (8-Digit)
Hierarchy Navigation for NAICS Code 459510-40
Parent Code (less specific)
Tools
Tools commonly used in the Thrift Shops (Retail) industry for day-to-day tasks and operations.
- Pricing guns
- Tagging guns
- Hangers
- Racks and shelves
- Cash registers
- Credit card machines
- Barcode scanners
- Cleaning supplies
- Donation bins
- Sorting tables
Industry Examples of Thrift Shops (Retail)
Common products and services typical of NAICS Code 459510-40, illustrating the main business activities and contributions to the market.
- Second-hand clothing
- Used furniture
- Vintage home decor
- Pre-owned electronics
- Thrifted books
- Second-hand toys
- Gently used shoes
- Pre-owned accessories
- Vintage jewelry
- Used musical instruments
Certifications, Compliance and Licenses for NAICS Code 459510-40 - Thrift Shops (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 thrift shop 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.
- Responsible Recycling (R2) Certification: This certification ensures that the thrift shop follows responsible recycling practices for electronic waste. The certification is provided by Sustainable Electronics Recycling International (SERI).
- National Association Of Resale and Thrift Shops (NARTS) Certification: This certification is provided by NARTS and ensures that the thrift shop follows ethical and professional standards in its operations.
- Occupational Safety and Health Administration (OSHA) Certification: This certification ensures that the thrift shop follows safety standards in its operations to protect its employees and customers. The certification is provided by OSHA.
- Environmental Protection Agency (EPA) Certification: This certification ensures that the thrift shop follows environmental regulations and standards in its operations. The certification is provided by the EPA.
History
A concise historical narrative of NAICS Code 459510-40 covering global milestones and recent developments within the United States.
- The concept of thrift shops dates back to the 19th century when charity organizations started selling donated goods to raise funds for their causes. However, the industry gained popularity during the Great Depression when people started looking for affordable clothing and household items. In the 1940s, the Salvation Army opened its first thrift store in the United States, and the industry continued to grow. In recent years, the industry has seen a surge in popularity due to the rise of sustainable fashion and the increasing awareness of the environmental impact of fast fashion. Many thrift shops have also started selling their products online, making it easier for customers to shop from the comfort of their homes.
Future Outlook for Thrift Shops (Retail)
The anticipated future trajectory of the NAICS 459510-40 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 Thrift Shops (Retail) industry in the USA is positive. The industry is expected to continue to grow due to the increasing popularity of second-hand shopping and the growing concern for the environment. The industry is also expected to benefit from the rise of online thrift stores and the increasing use of social media platforms to promote sustainable fashion. However, the industry may face challenges due to the increasing competition from traditional retailers who are also offering second-hand products. Additionally, the industry may face challenges due to the ongoing COVID-19 pandemic, which has led to the closure of many thrift stores and a decrease in donations. Nevertheless, the industry is expected to recover as the pandemic subsides and consumers return to shopping in physical stores.
Industry Innovations for NAICS Code 459510-40
Recent groundbreaking advancements and milestones in the Thrift Shops (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Online Thrift Stores: Many thrift stores have started to offer their products online, allowing customers to shop from the comfort of their own homes. This has increased the reach of thrift stores and made it easier for customers to find unique and affordable products.
- Sustainable Fashion: The rise of sustainable fashion has led to an increase in the popularity of second-hand shopping. Thrift stores are now seen as a way to reduce waste and promote sustainability.
- Social Media Marketing: Many thrift stores are now using social media platforms such as Instagram and Facebook to promote their products and reach a wider audience. This has helped to increase the visibility of thrift stores and attract new customers.
- Donations Management: Some thrift stores have implemented new systems to manage donations more efficiently. This has helped to reduce waste and ensure that donated items are put to good use.
- Upcycling: Some thrift stores are now offering upcycling services, where customers can bring in old clothes and have them transformed into new and unique pieces. This has helped to increase the value of second-hand clothing and promote sustainability.
NAICS Code 459510-40 - Thrift Shops (Retail)
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