NAICS Code 459510-49 - Men's Clothing & Furnishings-Used (Retail)

Marketing Level - NAICS 8-Digit

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NAICS Code 459510-49 Description (8-Digit)

Men's Clothing & Furnishings-Used (Retail) is a subcategory of the Used Merchandise Retailers industry. This industry involves the retail sale of second-hand men's clothing and accessories, including but not limited to suits, jackets, pants, shirts, ties, belts, and shoes. The clothing and accessories sold in this industry are typically gently used and may be vintage or contemporary. Men's Clothing & Furnishings-Used (Retail) stores may also sell other related items such as cufflinks, pocket squares, and hats.

Hierarchy Navigation for NAICS Code 459510-49

Parent Code (less specific)

Tools

Tools commonly used in the Men's Clothing & Furnishings-Used (Retail) industry for day-to-day tasks and operations.

  • Clothing racks
  • Hangers
  • Steamers
  • Irons
  • Sewing machines
  • Price tags
  • Tagging guns
  • Mirrors
  • Display cases
  • Shelving units

Industry Examples of Men's Clothing & Furnishings-Used (Retail)

Common products and services typical of NAICS Code 459510-49, illustrating the main business activities and contributions to the market.

  • Men's suits
  • Dress shirts
  • Ties
  • Belts
  • Dress shoes
  • Sport coats
  • Dress pants
  • Casual shirts
  • Sweaters
  • Hats

Certifications, Compliance and Licenses for NAICS Code 459510-49 - Men's Clothing & Furnishings-Used (Retail)

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

- None found for the US industry "Men's Clothing & Furnishings-Used (Retail)".

History

A concise historical narrative of NAICS Code 459510-49 covering global milestones and recent developments within the United States.

  • The history of the Men's Clothing & Furnishings-Used (Retail) industry dates back to the early 20th century when the concept of second-hand clothing stores emerged in the United States. During the Great Depression, the industry experienced a surge in demand as people looked for affordable clothing options. In the 1960s and 1970s, the industry saw a shift towards vintage clothing and the emergence of thrift stores. The industry continued to grow in the 1980s and 1990s, with the rise of consignment stores and the increasing popularity of sustainable fashion. In recent years, the industry has seen a surge in online resale platforms, such as Poshmark and ThredUp, which have disrupted the traditional brick-and-mortar retail model. In the United States, the Men's Clothing & Furnishings-Used (Retail) industry has experienced steady growth in recent years. According to a report by ThredUp, the resale market is expected to reach $64 billion by 2024, up from $28 billion in 2019. The growth of the industry can be attributed to several factors, including the increasing popularity of sustainable fashion, the rise of online resale platforms, and the growing awareness of the environmental impact of fast fashion. In addition, the COVID-19 pandemic has accelerated the shift towards online shopping, which has benefited the resale industry. Overall, the Men's Clothing & Furnishings-Used (Retail) industry has a rich history and a promising future in the United States.

Future Outlook for Men's Clothing & Furnishings-Used (Retail)

The anticipated future trajectory of the NAICS 459510-49 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Men's Clothing & Furnishings-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 eco-friendly fashion. Consumers are becoming more aware of the environmental impact of fast fashion and are turning to second-hand clothing as a more sustainable option. Additionally, the rise of online resale platforms is making it easier for consumers to buy and sell used clothing. However, the industry may face challenges from the COVID-19 pandemic, which has caused a decline in consumer spending and disrupted supply chains. Overall, the industry is expected to continue growing in the long term due to the increasing demand for sustainable fashion.

Industry Innovations for NAICS Code 459510-49

Recent groundbreaking advancements and milestones in the Men's Clothing & Furnishings-Used (Retail) industry, reflecting notable innovations that have reshaped its landscape.

  • Thredup: ThredUp is an online resale platform that allows consumers to buy and sell second-hand clothing. The platform has grown rapidly in recent years and has raised over $300 million in funding. ThredUp uses advanced technology to sort and categorize clothing, making it easier for consumers to find what they are looking for.
  • The Realreal: The RealReal is a luxury consignment platform that specializes in high-end fashion and accessories. The platform has been successful in attracting affluent consumers who are looking for sustainable and eco-friendly fashion options. The RealReal has also opened several brick-and-mortar stores in major cities across the US.
  • Depop: Depop is a social shopping app that allows users to buy and sell second-hand clothing. The app has become popular among younger consumers who are interested in sustainable fashion and unique vintage finds. Depop has also been successful in building a community of fashion enthusiasts who share their style and fashion tips on the app.
  • Poshmark: Poshmark is an online marketplace that allows users to buy and sell second-hand clothing, shoes, and accessories. The platform has been successful in attracting a large user base and has raised over $150 million in funding. Poshmark also offers a social aspect, allowing users to follow each other and share their fashion finds.
  • Goodwill Online: Goodwill Online is an online resale platform operated by Goodwill Industries, a non-profit organization that provides job training and employment services. Goodwill Online allows consumers to shop for second-hand clothing and other items from the comfort of their own homes. The platform has been successful in attracting a wide range of consumers who are interested in sustainable fashion and supporting a good cause.

NAICS Code 459510-49 - Men's Clothing & Furnishings-Used (Retail)

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