42434 - Footwear Merchant Wholesalers
When navigating the complex world of government contracting and industry classification, understanding NAICS codes is crucial. One such important code is NAICS 42434, representing the Footwear Merchant Wholesalers industry. Whether you're a business owner, government contractor, or industry analyst, knowing the specifics of this code can give you a competitive edge.
What is NAICS Code 42434?
NAICS 42434 covers establishments primarily engaged in the merchant wholesale distribution of footwear. This includes a broad range of footwear types such as athletic shoes, boots, and other varieties. Unlike retailers, these wholesalers sell their products to retailers, commercial users, or other wholesalers, not directly to the final consumer.
Sector: Wholesale Trade
This industry resides within the Wholesale Trade sector, focusing on the supply chain distribution side rather than direct retail.
Typical Business Activities Under NAICS 42434
Businesses categorized under this NAICS code usually involve:
- Athletic shoe wholesalers – specializing in sports and casual athletic footwear.
- Boot wholesalers – distributing various types of boots, including work boots, hiking boots, and fashion boots.
- Shoe distributors – encompassing a wide range of shoe types distributed to commerce outlets.
These wholesalers play a vital role in ensuring footwear products reach retail stores, commercial users, or other wholesale distributors efficiently.
Size Standards for NAICS 42434 Eligibility
For government contracting and SBA purposes, understanding the size standards is crucial. According to the Small Business Administration (SBA):
- The size standard for NAICS 42434 is generally based on annual receipts.
- Typically, a business is considered small if it has annual receipts not exceeding $40.5 million (check SBA for updates as thresholds may vary).
Meeting this size standard allows businesses to qualify for small business benefits in government contracting.
NAICS 42434 Code Details at a Glance
| Item | Description |
|---|---|
| NAICS Code | 42434 |
| Title | Footwear Merchant Wholesalers |
| Sector | Wholesale Trade |
| Description | Wholesale distribution of footwear including athletic shoes, boots, and other footwear types. |
| Typical Business Types | Athletic shoe wholesalers, boot wholesalers, shoe distributors |
| Customers Served | Retailers, commercial users, other wholesalers (not direct consumers) |
| Size Standard | Annual receipts up to $40.5 million (subject to SBA updates) |
Frequently Asked Questions About NAICS Code 42434
What types of products are included under NAICS 42434?
This code includes all types of footwear such as athletic shoes, boots (work boots, hiking boots), and other shoe varieties distributed wholesale.
Who are the primary customers for Footwear Merchant Wholesalers?
Customers typically include retailers, commercial businesses, and other wholesale distributors, rather than individual consumers.
How is the size standard determined for NAICS 42434?
The SBA uses annual receipts to determine size standards, commonly $40.5 million or less, but it's important to verify current thresholds on the SBA website.
Can my footwear distribution business be classified under NAICS 42434 if we sell online directly to consumers?
No. NAICS 42434 specifically covers merchant wholesalers who sell to retailers or other businesses, not direct-to-consumer sales.
How can understanding NAICS code 42434 help my business?
Proper NAICS classification helps your business target government contracts, comply with regulations, and position itself strategically in the wholesale marketplace.
Unlocking the full potential of NAICS code 42434 - Footwear Merchant Wholesalers can elevate your business opportunities in the wholesale trade industry. From understanding typical business activities to navigating size standards, this guide serves as the foundation to master this sector.
For further insight on government contracting and NAICS codes, stay tuned to our expert content!
