NAICS Code 541890-11 - Merchandising Service
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NAICS Code 541890-11 Description (8-Digit)
Hierarchy Navigation for NAICS Code 541890-11
Parent Code (less specific)
Tools
Tools commonly used in the Merchandising Service industry for day-to-day tasks and operations.
- Planograms
- Merchandising software
- Tape measures
- Scissors
- Staple guns
- Hammers
- Nails
- Hooks
- Shelves
- Mannequins
- Mirrors
- Lighting fixtures
- Display cases
- Signage
- Price tags
- Label makers
- Cleaning supplies
- Hand trucks
- Ladders
Industry Examples of Merchandising Service
Common products and services typical of NAICS Code 541890-11, illustrating the main business activities and contributions to the market.
- Grocery store displays
- Clothing store window displays
- Product endcaps in retail stores
- In-store promotional events
- Point-of-purchase displays
- Trade show booths
- Product launch displays
- Visual merchandising for online stores
- Showroom displays
- Holiday-themed displays
Certifications, Compliance and Licenses for NAICS Code 541890-11 - Merchandising Service
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Certified Professional Merchandiser (CPM): The CPM certification is offered by the World Alliance for Retail Excellence & Standards (WARES) and is designed for professionals in the merchandising industry. It covers topics such as retail math, visual merchandising, and inventory management. The certification is valid for three years and requires continuing education to maintain.
- Certified Visual Merchandiser (CVM): The CVM certification is offered by the Association for Retail Environments (A.R.E.) and is designed for professionals in the visual merchandising industry. It covers topics such as design principles, lighting, and color theory. The certification is valid for three years and requires continuing education to maintain.
- Occupational Safety and Health Administration (OSHA) Certification: OSHA offers a variety of certifications related to workplace safety, including certifications for hazardous materials handling, construction safety, and general industry safety. These certifications can be beneficial for professionals in the merchandising industry who work in warehouses or other industrial settings.
- National Retail Federation (NRF) Certification: The NRF offers a variety of certifications related to retail, including certifications for customer service, sales, and management. These certifications can be beneficial for professionals in the merchandising industry who work in retail settings.
- Certified Professional In Supply Management (CPSM): The CPSM certification is offered by the Institute for Supply Management (ISM) and is designed for professionals in the supply chain management industry. It covers topics such as supplier diversity, risk management, and sustainability. The certification is valid for three years and requires continuing education to maintain.
History
A concise historical narrative of NAICS Code 541890-11 covering global milestones and recent developments within the United States.
- The Merchandising Service industry has a long history dating back to the early 20th century when retailers began to realize the importance of product placement and visual merchandising. In the 1920s, the industry saw a significant shift towards more sophisticated and creative merchandising techniques, such as window displays and in-store promotions. The industry continued to evolve throughout the 20th century, with the introduction of new technologies and the rise of e-commerce. In recent years, the industry has seen a growing focus on data-driven merchandising strategies, as well as an increased emphasis on sustainability and ethical sourcing. In the United States, the Merchandising Service industry has experienced significant growth in recent years, driven by the rise of e-commerce and the increasing importance of visual merchandising in the retail sector. The industry has also seen a growing focus on technology-driven solutions, such as augmented reality and virtual reality, to enhance the customer experience. However, the industry has also faced challenges, such as the increasing competition from online retailers and the growing demand for sustainable and ethical merchandising practices.
Future Outlook for Merchandising Service
The anticipated future trajectory of the NAICS 541890-11 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The merchandising service industry in the USA is expected to grow in the coming years due to the increasing demand for retail merchandising services. The industry is expected to benefit from the growth of the retail sector, which is driven by the increasing consumer spending and the rise of e-commerce. The industry is also expected to benefit from the increasing demand for personalized and experiential shopping experiences. However, the industry is also facing challenges such as the increasing competition from online retailers and the changing consumer preferences. To stay competitive, the industry players are expected to invest in technology and innovation to provide better services to their clients.
Industry Innovations for NAICS Code 541890-11
Recent groundbreaking advancements and milestones in the Merchandising Service industry, reflecting notable innovations that have reshaped its landscape.
- Virtual Merchandising: Virtual merchandising is a recent innovation in the merchandising service industry that allows retailers to create virtual stores and displays. This technology enables retailers to showcase their products in a more engaging and interactive way, which can help to increase sales and customer engagement.
- Augmented Reality: Augmented reality is another recent innovation that is being used in the merchandising service industry. This technology allows retailers to create virtual displays and product demonstrations that can be viewed by customers using their smartphones or tablets. This technology can help to enhance the shopping experience and increase customer engagement.
- Personalized Merchandising: Personalized merchandising is a trend that is gaining popularity in the merchandising service industry. This trend involves creating customized displays and product recommendations based on the customer's preferences and shopping history. This approach can help to increase customer loyalty and sales.
- Eco-Friendly Merchandising: Eco-friendly merchandising is another trend that is gaining popularity in the merchandising service industry. This trend involves using sustainable materials and practices in the creation of displays and product packaging. This approach can help to reduce the environmental impact of the retail industry and appeal to environmentally conscious consumers.
- Mobile Merchandising: Mobile merchandising is a trend that is becoming increasingly important in the merchandising service industry. This trend involves creating displays and promotions that are optimized for mobile devices. This approach can help to increase customer engagement and sales, as more and more consumers are using their smartphones and tablets to shop.
NAICS Code 541890-11 - Merchandising Service
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