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NAICS Code 459510-51 Description (8-Digit)

Formal Wear-Used (Retail) is a subdivision of the Used Merchandise Retailers industry that specializes in the retail of second-hand formal wear. This industry involves the sale of previously owned formal wear items such as tuxedos, suits, dresses, gowns, and accessories. Formal Wear-Used (Retail) stores offer a cost-effective alternative to purchasing new formal wear items, making it an attractive option for individuals attending formal events on a budget.

Hierarchy Navigation for NAICS Code 459510-51

Parent Code (less specific)

Tools

Tools commonly used in the Formal Wear-Used (Retail) industry for day-to-day tasks and operations.

  • Steamers
  • Irons
  • Sewing machines
  • Hemming tape
  • Measuring tape
  • Scissors
  • Pins
  • Hangers
  • Garment bags
  • Shoe polish

Industry Examples of Formal Wear-Used (Retail)

Common products and services typical of NAICS Code 459510-51, illustrating the main business activities and contributions to the market.

  • Tuxedos
  • Suits
  • Dresses
  • Gowns
  • Bow ties
  • Cummerbunds
  • Cufflinks
  • Dress shoes
  • Evening bags
  • Shawls

Certifications, Compliance and Licenses for NAICS Code 459510-51 - Formal Wear-Used (Retail)

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

  • Textile Care Certification: This certification is provided by the Textile Rental Services Association of America (TRSA) and is required for businesses that provide laundry and dry cleaning services for textiles. This certification ensures that the business follows proper procedures for cleaning and handling textiles, including formal wear.
  • Occupational Safety and Health Administration (OSHA) Certification: This certification is required for businesses that handle hazardous materials, including cleaning chemicals used in laundry and dry cleaning services. OSHA provides training and certification programs to ensure that businesses follow proper safety procedures.
  • Retail Sales Tax Permit: This permit is required for businesses that sell goods directly to consumers. It allows the business to collect and remit sales tax to the state.
  • Business License: A business license is required for all businesses operating in the US. It ensures that the business is registered with the state and follows all local regulations.
  • Environmental Protection Agency (EPA) Certification: This certification is required for businesses that handle hazardous waste, including cleaning chemicals used in laundry and dry cleaning services. The EPA provides training and certification programs to ensure that businesses follow proper disposal procedures.

History

A concise historical narrative of NAICS Code 459510-51 covering global milestones and recent developments within the United States.

  • The formal wear-used (retail) industry has a long history dating back to the early 20th century when the first vintage clothing stores emerged in Europe and the United States. These stores sold second-hand clothing, including formal wear, to customers who were looking for unique and affordable fashion options. In the 1960s and 1970s, the industry experienced a resurgence due to the popularity of vintage clothing among young people. In recent years, the industry has continued to grow due to the increasing demand for sustainable and eco-friendly fashion options. In the United States, the industry has also been influenced by the rise of online marketplaces, which have made it easier for consumers to buy and sell used formal wear.

Future Outlook for Formal Wear-Used (Retail)

The anticipated future trajectory of the NAICS 459510-51 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The formal wear-used (retail) industry in the USA is expected to experience steady growth in the coming years. The industry is expected to benefit from the increasing popularity of sustainable fashion and the growing trend of renting formal wear for special occasions. Additionally, the industry is expected to benefit from the increasing number of online platforms that specialize in the sale of used formal wear. However, the industry may face challenges from the increasing competition from fast fashion retailers and the growing trend of casual dress codes in the workplace.

Industry Innovations for NAICS Code 459510-51

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

  • Online Platforms: The industry has seen the emergence of several online platforms that specialize in the sale of used formal wear. These platforms offer a wide range of formal wear options at affordable prices, making it easier for consumers to access formal wear for special occasions.
  • Sustainable Fashion: The growing trend of sustainable fashion has led to an increase in the demand for used formal wear. Consumers are becoming more conscious of the environmental impact of fast fashion and are opting for more sustainable options.
  • Rental Services: The trend of renting formal wear for special occasions has gained popularity in recent years. This has created a new revenue stream for the industry and has made formal wear more accessible to consumers who may not want to purchase formal wear for a one-time event.
  • Social Media Marketing: The industry has seen an increase in the use of social media marketing to reach a wider audience. Many retailers are using social media platforms such as Instagram and Facebook to showcase their products and reach potential customers.
  • Customization: Some retailers are offering customization services to their customers, allowing them to personalize their formal wear. This has become a popular option for consumers who want to stand out and make a statement with their formal wear.

NAICS Code 459510-51 - Formal Wear-Used (Retail)

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